Loan Disbursals

Biz2x aims to secure ₹17,000 crore loan disbursal to MSMEs in FY26

Biz2X, a digital lending SaaS platform, is eyeing to disburse Rs 17,000 crore loans to MSMEs in 2025-26 against Rs 14,000 crore in the fiscal ended March 2025. The company said it facilitated over Rs 14,000 crore in loan disbursements through its India operations in 2024-25, continuing with the year-on-year growth of 25-30 per cent. The turnkey global SaaS platform enables financial institutions to provide a customised online lending experience for small and midsize business customers. This growth reflects the company's strong focus on AI-driven product enhancements and deeper solution integration, which is driving new customer acquisition and has strengthened lending infrastructure, said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. "We see that if we can maintain the current pace of growth, then we can increase it by another 1520 per cent this fiscal year. Obviously, there are some areas of concern, especially with the global situation regarding US tariffs, because Ind

Byju's co-founder moves NCLT to remove GLAS Trust from creditors' panel

Byju's co-founder Riju Ravindran has approached NCLT, alleging GLAS Trust falsely claimed creditor status and seeking its removal from the Committee of Creditors in the ongoing insolvency case

Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

State-owned Indian Renewable Energy Development Agency (IREDA) has logged 41 per cent loan disbursement growth to Rs 17,236 crore in the December quarter. As per provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129 per cent Year-on-Year (YoY) rise compared to Rs 13,558 crore in the corresponding period last year, according to a company statement issued late Tuesday evening. Loan disbursements also witnessed significant growth, increasing by 41 per cent YoY to Rs 17,236 crore from Rs 12,220 crore a year ago, the statement said. The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year. "IREDA's outstanding performance reflects our unwavering commitment to driving India's renewable energy transition. "The 129 per cent growth in loan sanctions underscores the increasing confidence of stakeholders in our capabilities and our pivotal role in ...

Fintech disbursements rise 21.3% in H1FY25, disbursal value grows 40%

Disbursals were also higher by 9.5 per cent from 51.5 million in H2FY24, according to data by the first self-regulatory organisation in fintechs

Loan worth Rs 13,422 cr given to street vendors under PM SVANidhi scheme

The Union Housing and Urban Affairs Ministry has disbursed 94.31 lakh loans amounting to a total of Rs 13,422 crore to street vendors under the PM SVANidhi scheme till December 8, Rajya Sabha was informed on Monday. In a written reply to a question, Minister of State for Housing and Urban Affairs Tokhan Sahu said that out of 94.31 lakh loans, 40.36 lakh loans have been repaid by street vendor beneficiaries. The micro-credit scheme for urban street vendors, which provides collateral-free loans up to Rs 50,000, was launched by the Narendra Modi government in 2020 during the COVID-19 outbreak. The minister said that no fraud-related complaints have been received against the agencies or companies disbursing loans under the Prime Minister Street Vendor's AtmaNirbhar Nidhi (SVANidhi) scheme. "As on 08.12.2024, 94.31 lakh loans have been disbursed amounting to Rs 13,422.16 crore under the PM SVANidhi scheme. Out of 94.31 loans, 40.36 lakh loans have been repaid by street vendor ...

REC disburses loans worth Rs 90,955 cr from Apr-Sep, up 20% from yr ago

State-owned REC has disbursed loans worth Rs 90,955 crore during April-September FY25, up 20.10 per cent from the year-ago period. Of the total amount, Rs 11,297 crore was green loan, 92.68 per cent higher year-on-year, the company said in a statement. In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier. Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35 per cent YoY. Renewable energy loans accounted for 13 per cent of the total disbursals in the July-September period in FY25 as against 10 per cent in the year-ago period. REC, under the Ministry of Power, is a non-banking financial company focusing on power sector financing in India.

Muthoot FinCorp records highest-ever loan disbursement at Rs 61,703 cr

Muthoot FinCorp on Tuesday said it has recorded highest-ever loan disbursements in FY24 that rose 18.6 per cent to Rs 61,703.26 crore on a consolidated basis. The asset under management (AUM) stood at Rs 33,359.30 crore. The consolidated net profit rose 62 per cent to Rs 1,047.98 crore in FY24, Muthoot FinCorp said in a statement. "Muthoot FinCorp Ltd, the flagship company of 137-year-old Muthoot Pappachan Group, reports highest-ever loan disbursements in FY24 with consolidated disbursement at Rs 61,703.26 crore, up 18.60 per cent," the statement said. On a standalone basis, Muthoot FinCorp's disbursements rose 15 per cent year-on-year to Rs 50,167.12 crore from Rs 43,443.26 crore in the previous year. The profit after tax (PAT) increased 22.40 per cent to Rs 562.81 crore compared to Rs 459.81 crore in FY23. The Assets under Management (AUM) stood at Rs 21,349.85 crore, up 26.3 per cent compared to Rs 16,910.67 crore in the corresponding period of the previous year. Its revenue w

Andromeda expects 20% growth in loan disbursals, aims for Rs 1 trn in FY25

Loan distributor Andromeda expects around 20 per cent growth in loan disbursals to around Rs 1 lakh crore during the current fiscal, driven primarily by mortgage demand. Loan disbursals have seen a 23 per cent growth to Rs 75,397 crore in FY'24, from Rs 60,000 crore in the previous fiscal, Andromeda Sales and Distribution Pvt Ltd Co-CEO Raoul Kapoor said. Despite the increase in housing prices, the demand for housing loans remains robust, he said, adding, the average ticket size of housing loans has witnessed an increase. In addition, he said, digitalization, faster approvals, and increased availability and flexibility have fueled higher demand for personal loans. The home loan business surged to approximately Rs 33,918 crore in FY24, up by over 22 per cent from Rs 27,798 crore in FY23. In FY24, he said, the loan against property distribution was at Rs 24,776 crore, an increase of 10.33 per cent from the preceding year's Rs 22,456 crore. Meanwhile, business loans experienced a no

Sundaram Home Finance eyes Rs 300 crore disbursements in Rajasthan

Sundaram Home Finance has strengthened its presence in Rajasthan under its plan to expand in select geographies as it eyes disbursements of Rs 300 crore over the next two to three years, a top official has said. The Chennai-based company offers home loans, plot loans, home improvement and extension loans and loans against property. It had recently strengthened its presence in Western parts of the country. A new branch was inaugurated in Kota, Rajasthan, and another branch is also planned in Udaipur in the coming months, the company said in a statement on Friday. Sundaram Finance has branches in Jaipur, Ajmer and Jodhpur in the Rajasthan market and believes that there is potential to register disbursements of around Rs 300 crore in the next two-three years. "Over the last couple of years, we have strengthened our presence in South India expanding into Tier II and III towns. While we continue to penetrate deeper into remote towns in this market, we are exploring opportunities to expa

RupeeQ aims Rs 300 cr loan disbursement portfolio on rural expansion

Home-grown platform for online loans and credit cards RupeeQ aims to treble digital loan disbursements portfolio to Rs 300 crore by 2027 on the back of government's push towards high-speed internet services in semi-urban and rural areas. Talking to PTI, Neeru Puri, Managing Director and Chief Financial Officer of RupeeQ, said, "It is estimated that total value of digital lending business in India will exceed USD 1 trillion over next 5 years. At RupeeQ, we expect to treble our loan disbursement portfolio by 2027, while in fiscal 2023-24 we clocked about Rs 100 crore." According to reports, India shall have 900 million active internet users by 2025, while 56 per cent of all new internet users will be from rural areas, and 65 per cent of new internet users will be female. Puri opined that the government's push on digitalisation and penetration of high-speed internet even in semi-urban and rural areas will help the company materialise its goal. Puri said the digital lending space in

Loan distribution by FACE members rise by 12.2% to 24.8 mn in Q3FY24

The report added that 12 per cent of loans distributed between April and December 2023 went to women

CEIB launches portal for antecedent verification of prospective borrowers

The Central Economic Intelligence Bureau (CEIB) on Friday launched a portal for antecedent verification of prospective borrowers and bad loans to streamline intelligence clearance process for banks for loan disbursement. The portal was launched earlier this week by CEIB Director General Amit Mohan Govil and SBI Chairman Dinesh Khara in a meeting with all public sector banks in Mumbai. It aims at equipping banks with quick access to information for taking timely decisions with regard to credit sanction, Indian Banks' Association said in a statement. As per 'Framework for timely detection, reporting, investigation etc. relating to large value bank frauds' dated May 13, 2015 and November 6, 2019 issued by the Department of Financial Services, Ministry of Finance, all Public Sector Banks (PSBs) seeks report from CEIB before the sanction of loan exceeding Rs 50 crore and above in case of new borrowers and if the existing borrower's accounts turn into a NPA. In August-2022, at the reques

Loan disbursements by FACE-fintech companies jump 43% in Q2: Report

These companies disbursed around 24.4 million loans in Q2 FY24, marking a 39 per cent Y-o-Y growth in volume from 17.5 million loans in Q2 FY23

Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months

Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply

Paytm expands loan distribution business, targets personal, merchant loans

Paytm said that it would continue to collaborate and add banks and NBFCs as lending partners for its loan distribution business

Fintech loan disbursement rose 21% YoY in FY23: FACE-Equifax report

Number of loans disbursed increased 49%; delinquency rate fell

Paytm Q1: Value of loans disbursed increases 167%, GMV rises 37% YoY

Focus is on payment volumes that generate profitability, says fintech company

Paytm GMV rises 37% to Rs 4.05 trn in Q1FY24, value of loan disbursed grows

Fintech firm One97 Communications, which operates under the Paytm brand, posted a 37 per cent growth in gross merchandise value at Rs 4.05 lakh crore in the April-June quarter of this year, the company said on Wednesday. The company's gross merchandise value (GMV), which reflects total payments made to merchants on the platform, was Rs 2.96 lakh crore in the same period a year ago. "Merchant Payment Volumes (GMV) for the quarter (for three months ended June 2023) stood at Rs 4.05 lakh crore (USD 49.3 billion), YoY growth of 37 per cent," the company said in a regulatory filing. The value of loan disbursed through Paytm grew over 2.5 times to Rs 14,845 crore, from Rs 5,554 crore a year ago and the volume grew by 51 per cent to 1.28 crore, from 85 lakh during the same period. "MoM (month-on-month) loan distribution trend in June reflects the higher disbursal in May which included pent-up demand for merchant loans from April due to one of our partners not disbursing as they were ...

Digital lenders' disbursement grows 2.5 times to Rs 92,848 crore in FY23

Growth in disbursement value improved though the pace slowed in the second half of FY23, says industry group

IIFCL aims at loan sanctions Rs 35,000 cr and profit of Rs 2,000 cr in FY24

State-owned IIFCL looks to nearly double its loan sanctions and disbursement during the current financial year to fund infra projects in the country. Regarding loan sanctions, the company is aiming at Rs 35,000 crore while the disbursement target is about Rs 20,000 crore during the current financial year, IIFCL managing director P R Jaishankar told PTI. On the back of high expected growth in business, the company is also aiming for a nearly 100 per cent increase in the bottomline to Rs 2,000 crore during the year. India Infrastructure Finance Company Ltd (IIFCL) reported a two-fold jump in standalone net profit to Rs 1,076 crore for the fiscal ended March 2023. The company had posted record performance with the highest-ever sanctions and disbursements at Rs 29,171 crore and Rs 13,826 crore, respectively in 2022-23. To fund business growth, Jaishankar said the company plans to raise over Rs 16,000 crore during the current financial year. Resources would be mobilised mainly debt from