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Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital

Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital
Photo: Pradeep Gaur/Mint
April 22, 2021
Private sector lender DCB Bank Ltd on Wednesday said it has acquired a 9% stake in Bengaluru-based non-bank financier Techfino Capital Pvt Ltd.
The bank did not disclose the financial details of the transaction.
Techfino, which is present in key metros and tier II cities across India, uses its technology platform to provide customized consumer loans in education and healthcare sectors, the bank said in a statement.
Narendranath Mishra, head of agri and inclusive banking at DCB Bank, said micro loans or granular loans as a financial solution hold much promise. ....

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Mumbai, April 21 (IANS) Private sector lender DCB Bank Ltd on Wednesday said that it has acquired a minority equity stake of around 9 per cent in Techfino Capital Private Ltd (TCPL).
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Update: 21-April-2021 ....

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DCB Bank acquires 9% equity stake in Techfino Capital

DCB Bank acquires 9% equity stake in Techfino Capital
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IANS
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DCB Bank acquires 9% equity stake in Techfino Capital. Image Source: IANS News
Mumbai, April 21 : Private sector lender DCB Bank Ltd on Wednesday said that it has acquired a minority equity stake of around 9 per cent in Techfino Capital Private Ltd (TCPL).
Techfino is a Bengaluru-based Non-Banking Financial Company (NBFC) which provides customised consumer loans in education and healthcare sectors through its modern technology platform. It is present in key metros and tier-II cities across India.
Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank, said: DCB Bank & TCPL are delighted to be associated in this manner. We value each other s experience and expertise to build a granular loan portfolio with patience and nuance. DCB Bank and Techfino complement each other s strengths, and this is an opportunity for both organisations to grow the customer franchise ....

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Welcome To IANS Live - LatestNews - DCB Bank acquires 9% equity stake in Techfino Capital

Welcome To IANS Live - LatestNews - DCB Bank acquires 9% equity stake in Techfino Capital
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Welcome To IANS Live - BUSINESS - DCB Bank acquires 9% equity stake in Techfino Capital

Welcome To IANS Live - BUSINESS - DCB Bank acquires 9% equity stake in Techfino Capital
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

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