Digital Lending
Latest news, explainers and analysis on Digital Lending. Tracking 6 stories on Arth Vani.
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Latest on Digital Lending
PB Fintech to Fully Acquire MyLoancare for ₹5 Crore to Boost Lending Business
PB Fintech, the parent company of Policybazaar and Paisabazaar, has approved the acquisition of the remaining stake in MyLoancare Ventures for ₹5 crore. This move will make MyLoancare a wholly-owned subsidiary, strengthening PB Fintech's presence in the digital lending space.
BreakingSBI to Use UPI Data for Loans to Small Businesses Without GST
State Bank of India (SBI) plans to leverage Unified Payments Interface (UPI) transaction data to offer loans to small businesses that are not registered under the Goods and Services Tax (GST) regime. This initiative aims to expand credit access for a significant segment of informal businesses.
RBI Mandates Strict Accountability for Digital Lending Algorithms
The Reserve Bank of India (RBI) is now enforcing strict accountability for the algorithms used by digital lending platforms. This move aims to ensure fairness, transparency, and consumer protection in India's rapidly expanding digital credit market.
Bank of America to Acquire 49.9% Stake in Indian Digital Lender Jio Credit for ₹15,800 Crore
Bank of America (BofA) has announced a significant investment in the Indian digital lending sector, agreeing to purchase a 49.9% stake in Jio Credit. This deal, valued at approximately ₹15,800 crore (USD 1.9 billion), marks a major entry for the global banking giant into India's rapidly expanding digital finance market.
YES Bank Shares Rise as New Northern Arc Partnership Boosts Lending Reach
YES Bank has partnered with Northern Arc Capital to expand its digital lending and debt investment services. The news pushed the bank's share price up by 3% as investors react positively to the prospect of better credit access for retail and small business borrowers.
Jio Financial Services Shares in Focus as Market Tracks Digital Lending Growth
Jio Financial Services is witnessing active trading as investors evaluate its long-term potential in India's digital credit market. As a key player in the NBFC space, the company's performance reflects broader sentiment regarding retail lending and fintech expansion.
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