Page 2 - Retail Credit

PE firms Advent, Multiples to invest Rs 1,930 cr in Svatantra Microfin

The investment follows Svatantra's recent acquisition of Chaitanya India Fin Credit Limited

We hope frictionless credit scale up to digital infrastructure: P Vasudevan

In the future, he noted that the central bank aims to include both banks and non-banks gradually into the platform for their loan journey

Lentra to speed up loan processing using AI tech, aims to double business

Lentra integrates AI aims to revolutionise loan disbursement and transform the banking industry with rapid credit decisions, new digital tools

Pace of bank credit to retail declined to 18% in October, shows RBI data

The month of October is marked by festive season demand and also the start of the busy season of the financial year

Unsecured retail loans burgeoned on banks' books in Covid-19's aftermath

In services, commercial realty offtake showed a rising offtake with 8.6 per cent YTD growth in H1FY24. Transport operators saw the same with 8.9 per cent YTD growth

UBS Securities red flags retail loans, sees credit cost rise up to 200 bps

Banks for many years have been riding on the retail book as corporate demand still remains anemic

Amazon Pay eyes expansion with more bank, card network partnerships

Launched in October 2018, Amazon Pay's co-branded credit card is in association with ICICI Bank and utilises Visa as the card network

Amazon expands to address business needs, offers credit to customers

Subhas noted that prompt delivery is a crucial element for all business customers, as evidenced by Prime members contributing to over 50 per cent of sales this year

Industrial credit growth slumped in July; House Price Index up 5.1% in Q1

Services, Agro credit growth pace accelerates

Banks, finance companies expect robust festive season credit offtake

Little room for rate-cut wars; tight screening to stay

Indian private credit funds, non-bank lenders filling gap left by banks

Private credit funds lend to these companies at 12%-18%, splitting transactions into tranches. The riskiest of such credit can yield up to 20%-24%

Federal Bank Q1 advances up 21%; deposits grow 21.4% to reach Rs 2.22 trn

Retail credit book grows by 20.2% YoY, says private bank in stock exchange statement

Personal loans galore: Credit offtake to outpace deposit growth in FY24

CareEdge estimates the credit growth to be in the range of 13%-13.5% and deposit growth to be in the range of 10-10.5% during FY24.

Now boarding: Is India on the cusp of a tectonic shift in retail credit?

First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies

Bank credit grows 15.5% YoY in Feb 24 fortnight to Rs 134.5 trillion

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

TMS Ep316: Pvt credit, Air India-Vistara merger, Markets, New rice variety

Why is demand for private credit rising? What are the challenges facing Air India-Vistara merger? How will Kirit Parikh panel gas reforms impact companies? What's the perennial rice variety of China?

Onset of festive season pushes credit growth across sectors in September

Housing and vehicle loans lead surge in retail credit, which was up 19.6% YoY

Tata Capital will look to cross-sell within the group: MD & CEO Sabharwal

'We can't be direct lenders because there are limitations', said Sabharwal

Ahead of festive season, retail credit growth nears 20% in August

Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.

Fintech firm udaanCapital says it enabled Rs 2,200 cr credit to retailers

Company says 'working capital availability in the country is huge as small businesses adopt digital payments