Lending

The winds of change blowing through the Indian credit industry might blow some off their perch. Mukesh Ambani’s Reliance Industries is targeting the digital lending sector for its next disruption with a separate entity named Jio Financial…

U.S. financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives.During the COVID-19 pandemic, many fintechs…

GANDHINAGAR: US treasury secretary Janet Yellen on Sunday backed reforms of the multilateral development banks (MDBs), including leveraging private sector finance to deal with global challenges such as climate change, but suggested that the…

Digital lending platform Yubi, which is set to separate from parent Vivriti Capital, has been valued at $1.5 billion following a secondary share sale, two people in the know told ETtech.Chennai-headquartered non-banking finance company…

Apple has removed several predatory lending apps from the App Store in India, after users took to social media and complained about them. Over the past few days, several users alleged that quick-loan apps with names like White Kash, Pocket…

Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid…

The pace of lending to the infrastructure sector, including power and roads, fell sharply to 1.8 per cent year-on-year (YoY) in May, 2023 compared to 9.8 per cent in May, 2022. Within the segment, the growth in loans to the power sector…

Digital payments major PhonePe has jumped on the credit bandwagon with a foray into merchant lending. This comes on the heels of its aborted acquisition of fintech lending platform ZestMoney, which it had hoped to build up as a consumer…

PhonePe has over 50 per cent market share by value in the UPI transactions.PhonePe says it will provide access to credit digitally to its vast merchant base of over 35 million merchantsPhonePe on Friday announced the launch of its merchant…

Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their balance sheets more tightly and taking on more risk, world leaders meeting at a summit in Paris said on…