Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Budget 2023
Budget 2023
digital lending
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  • How fintech lenders can earn their customers’ trust Jan 26, 2023 09:50 AM IST

    How fintech lenders can earn their customers’ trust

    Small loans of up to Rs 50,000 have grown 86 percent between March 2019 and March 2021 amid the proliferation of digital lenders. Apart from making credit easily accessible through technology, digital lenders must think about being transparent.

  • Tapping an app for a loan? Beware of these fraud traps Jan 24, 2023 09:53 AM IST

    Tapping an app for a loan? Beware of these fraud traps

    If you are applying for a loan from a digital lender, know the multiple risks involved. Before installing the digital lending app read user reviews, know the charges and terms.

  • Is your online lender a fraudster? Jan 20, 2023 03:48 PM IST

    Is your online lender a fraudster?

  • PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram Jan 10, 2023 12:06 PM IST

    PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram

    In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.

  • KreditBee raises $100 mn in extended Series D from Advent International Jan 06, 2023 03:39 PM IST

    KreditBee raises $100 mn in extended Series D from Advent International

    The new funds will be used for scaling KreditBee's existing business and diversifying its product offerings by venturing into digitally enabled financial products

  • OneCard revenue grows 6-fold to Rs 97 crore in FY22; loss widens to Rs 183 crore Jan 06, 2023 11:33 AM IST

    OneCard revenue grows 6-fold to Rs 97 crore in FY22; loss widens to Rs 183 crore

    FPL Technologies Pvt, which operates the credit-card platform, reported a revenue of Rs 97.9 crore in FY22 against Rs 16.4 crore in FY21 (2020-21). The company’s net loss, however, widened to Rs 182.8 crore in FY22 from Rs 33.2 crore in FY21 (2020-21), thanks to a massive rise in its marketing expenses

  • Customer complaints against digital lenders soar in India, shows RBI data Dec 19, 2022 02:29 PM IST

    Customer complaints against digital lenders soar in India, shows RBI data

    Experts attribute the rise to aggressive lending, recovery practices

  • KreditBee raises $80 million in Series D round from existing investors Dec 02, 2022 03:56 PM IST

    KreditBee raises $80 million in Series D round from existing investors

    KreditBee will use the funds to venture into secured loans, home loans, and credit lines. It will also add financial services like insurance, credit score report, and merchant-side offers, among others.

  • PhonePe in talks to buy ZestMoney to bolster digital lending plans Nov 25, 2022 10:24 AM IST

    PhonePe in talks to buy ZestMoney to bolster digital lending plans

    The development comes at a time when PhonePe is in talks to raise a mega round of $450-500 million, likely to be led by General Atlantic.

  • The Lendingkart Story | Building Bharat through Digital Lending Oct 25, 2022 12:41 PM IST

    The Lendingkart Story | Building Bharat through Digital Lending

    Reema Tendulkar gets into an intimate conversation with Harshvardhan Lunia, Founder & CEO of Lendingkart to find out more about the genesis of this fintech brand, achievements so far and aspirations going forward.

  • Khatabook pivots to new monetization model with digital lending offerings Oct 18, 2022 03:55 PM IST

    Khatabook pivots to new monetization model with digital lending offerings

    Khatabook has completed a successful digital lending pilot, and it is now available in all major metros and tier-1 cities in India.

  • RBI cancels certificate of registration of four NBFCs Oct 12, 2022 02:46 PM IST

    RBI cancels certificate of registration of four NBFCs

    The RBI has resorted to cancelling licenses of NBFCs in the past if there have been any violation in norms

  • Fintech Files: Part 3 | When the RBI sneezes, fintechs catch a cold Oct 04, 2022 09:19 AM IST

    Fintech Files: Part 3 | When the RBI sneezes, fintechs catch a cold

    A slew of circulars from the Reserve Bank of India has forced the fintech industry to abandon its growth-at-all-costs approach and scramble to comply with the stringent regulations

  • DotPe raises $58 million in Series B, to expand into B2B financial services Sep 19, 2022 12:53 PM IST

    DotPe raises $58 million in Series B, to expand into B2B financial services

    The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years

  • Age of fintechs: These financial intermediaries make life easier but there're caveats too Sep 16, 2022 09:20 AM IST

    Age of fintechs: These financial intermediaries make life easier but there're caveats too

    Innovative products and services being offered by the financial technology companies are disrupting the traditional methods of managing finances and spending

  • Banking | History can help while banning digital lending apps Sep 15, 2022 09:43 AM IST

    Banking | History can help while banning digital lending apps

    Just like it happened in the past, we are back to times when we are seeing the mushrooming of entities and apps offering lending (and forex facilities)

  • M2P Fintech expands offering to provide end-to-end lending interface for banks, fintechs Sep 14, 2022 11:30 AM IST

    M2P Fintech expands offering to provide end-to-end lending interface for banks, fintechs

    In the next 12 months, the startup expects the core lending suite to contribute 20 percent to revenue

  • RBI Guidelines | A new age for digital lending in India Sep 12, 2022 04:20 PM IST

    RBI Guidelines | A new age for digital lending in India

    The new digital lending guidelines will help streamline digital lending practices, but the restrictions on FLDGs could force fintech companies to rethink their strategy

  • FM Sitharaman chairs meet on illegal lending apps; app stores to follow RBI 'whitelist' Sep 09, 2022 02:51 PM IST

    FM Sitharaman chairs meet on illegal lending apps; app stores to follow RBI 'whitelist'

    All ministries and government agencies are to take "all possible actions" to prevent illegal loan applications from operating, the finance ministry said

  • Digital Lending | RBI must crystallise its guidelines towards a digital banking regulation Act Sep 08, 2022 12:03 PM IST

    Digital Lending | RBI must crystallise its guidelines towards a digital banking regulation Act

    The new Act should bring all the entities on a common platform, and analyse how the different entities engage in digital banking and digital banking products

  • India’s noose for rogue digital lenders not tight enough Aug 25, 2022 09:04 AM IST

    India’s noose for rogue digital lenders not tight enough

    The disruption by fintechs, while useful in many ways, has also sired fake and fly-by-night lending apps crowding popular mobile application marketplaces, misleading consumers and taking advantage of their need for money 

  • Draining the digital lending swamp is not an easy task Aug 17, 2022 10:56 AM IST

    Draining the digital lending swamp is not an easy task

    The RBI has taken the first step of putting together guidelines but co-ordination among regulators and arms of government critical to rein in unscrupulous operators 

  • A strong second step must follow RBI’s first one in digital lending Aug 16, 2022 09:31 AM IST

    A strong second step must follow RBI’s first one in digital lending

    A new age fintech is unlikely to match the banks’ robust underwriting and risk management capabilities, even though it may have access to plenty of data about the borrower

  • RBI tells banks, regulated entities to desist from harassing borrowers for over dues Aug 12, 2022 05:05 PM IST

    RBI tells banks, regulated entities to desist from harassing borrowers for over dues

    Regulated entities must ensure recovery agents call borrowers only after 8 am and before 7 pm, the regulator said in a release.

  • Explained | What are RBI’s new digital lending norms? 5 questions answered Aug 11, 2022 05:32 PM IST

    Explained | What are RBI’s new digital lending norms? 5 questions answered

    The RBI’s first set of norms aim to regularise digital lending for regulated entities and crack down on unlawful activities