Krom Bank, a digital banking service under the Kredivo Group, is collaborating with Amazon Web Services (AWS) to revolutionize Indonesia’s digital banking sector. By leveraging AWS Cloud, Krom Bank aims to reach Indonesia’s unbanked and underbanked populations, which constitute nearly 74% of the country’s population. This strategic partnership enables Krom Bank to scale services rapidly, […]
Satin Creditcare Network Limited (SCNL), a major player in India’s microfinance sector, has successfully concluded its first Pass-Through Certificate (PTC) transaction with HSBC India, valued at INR 119.12 crore. This transaction, completed at a coupon rate of 9.30%, represents a significant strategic move for SCNL as it aims to diversify its funding sources and strengthen […]
Muthoot Microfin (NSE: MUTHOOTMF, BSE: 544055), a prominent microfinance institution in India, has announced its expansion into Andhra Pradesh with the opening of its inaugural branch in Chodavaram. The launch event was graced by Mr. Udeesh Ullas, Chief Operating Officer, and Mr. Subhransu Pattnayak, Chief Human Resources Officer of Muthoot Microfin. The new branch marks […]
Standard Capital Markets Limited (SCML), a renowned non-banking financial company (NBFC), has announced a strategic partnership with Paisalo Digital Limited, a leader in fostering financial inclusion in rural regions of India. This collaboration aims to extend financial services to underprivileged communities, ensuring greater economic growth and financial accessibility. The partnership between SCML and Paisalo Digital […]
Bartronics India Limited, a pioneer in Fintech solutions and business services, has successfully renewed its partnership with Aryavart Bank, extending their collaborative efforts to enhance financial inclusion across rural communities in Uttar Pradesh for an additional year. This renewal signifies a continued commitment to bridging the financial services gap in underserved areas, leveraging advanced technology […]
Yendo, the pioneer in vehicle-secured credit solutions, has successfully closed a substantial $150 million debt financing round led by i80 Group. This strategic financial influx aims to significantly broaden Yendo’s customer base, introduce innovative products, and accelerate the company’s expansion throughout all 50 states. Broadening Financial Inclusion with Innovative Credit Solutions Yendo will utilize the […]
PNB Housing Finance, a prominent name in India’s housing finance sector, has announced a significant expansion of its distribution network, now boasting 300 branches across the nation. This strategic enlargement marks a pivotal moment in the company’s mission to offer accessible and diverse housing finance solutions, with a presence in over 150 unique cities. This […]
In a strategic move to enhance its presence in Tamil Nadu, Star Housing Finance Limited (Star HFL) (BSE Scrip code: 539017), a housing finance company with a focus on semi-urban and rural areas, has inaugurated a new branch in Kanchipuram. Located at 89A, 2nd floor, SG Complex, SVN Pillai Street, Kanchipuram – 631502, the branch […]
In a significant move towards expanding its operational footprint and enhancing financial inclusion across India, Shalibhadra Finance Limited has announced the opening of five new branches within the current quarter. This expansion not only marks the Company’s inaugural foray into Rajasthan but also increases its total number of branches to 47. By strategically positioning these […]
Muthoot Microfin, a key player in the microfinance sector listed on the NSE (MUTHOOTMF) and BSE (544055) announced a significant expansion into Telangana as part of its ongoing efforts to foster financial inclusion across India. The initial phase of this strategic expansion is set to launch in March 2024, with the inauguration of four new […]