Lending
Latest news, explainers and analysis on Lending. Tracking 4 stories on Arth Vani.
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Latest on Lending
OnEMI Infuses ₹637.50 Crore Capital into NBFC Subsidiary Si Creva Capital
OnEMI Technology Solutions has approved a significant capital infusion of ₹637.50 crore into its Non-Banking Financial Company (NBFC) subsidiary, Si Creva Capital Services. This move is expected to bolster Si Creva's financial strength, enhance its lending capacity, and support its growth initiatives in the Indian market.
Block Opens Cash App Credit Score to External Lenders via Nova Credit
Block, the parent company of Cash App, has made its proprietary 'Cash App Score' – a real-time credit signal – available to external lenders. This move, facilitated by distribution partner Nova Credit, allows other financial institutions to leverage alternative data for credit assessment, potentially broadening access to credit beyond traditional scoring methods.
BreakingIndian Microfinance Loans Dip 4% to ₹3.26 Lakh Crore by June End Amidst Monsoon Concerns
India's microfinance sector saw its loan portfolio contract by 4% to ₹3.26 lakh crore by the end of June. This first-quarter decline is primarily due to an uneven monsoon season, which has dampened rural demand and increased caution among lenders.
Jio Financial Services Profit Surges 155% on Strong Q1 Performance
Jio Financial Services has reported a significant 155% year-on-year jump in consolidated net profit for the first quarter. This impressive growth was fueled by robust revenue increases in its investing and lending businesses.
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