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Jio Financial Services, a unit of Mukesh Ambani’s Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Image used for…

A week after ETtech reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The quick commerce company is turning to Reliance Retail, its largest investor, for a fresh cash…

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…

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The Reserve Bank of India has introduced a cap of 5% on the first loan default guarantee (FLDG) that is provided by fintechs to their lending partners.In a notification issued on Thursday, the central bank said that regulated entities (RE)…

MUMBAI: Pulled down by a demand deceleration from urban and semi-urban customers and a contraction in personal and home loans, non-bankers loan book grew just about 2 per cent in Q4 FY23 to Rs 4,46,132 crore from Rs 4,38,345 crore a year…

Broking startups that disrupted the traditional world of stock trading and investments are looking to diversify their revenue base. Just like other fintechs expanding from their core business to complimentary opportunities, brokers are…

CHENNAI: Microfinance sector recorded a 21% growth in FY23 at Rs 3,51,521 crore when compared with the previous year at Rs 2,89,845 crore.A quarterly report by Sa-Dhan, an association of impact finance institutions, which includes MFIs, for…

Both Warburg Pincus and Credit Saison ultimately lost out to Carlyle but the Japanese company did not give up. Many years ago, Credit Saison had realized that its future lay outside Japan. The company,…

Kunal Shah's Cred is expanding its lending strategy as it looks to tap a wider user base beyond the top layer of customers and offer a wider use case for credit. In a major change to the company's lending strategy, Cred plans to tap into…