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Financing solutions that can re-energize the MSME sector during COVID and beyond
The Indian MSME sector contributes about 29% to the GDP and employs around 110 million people across the country. However, the sudden outbreak of pandemic turned everything upside down leading to an economic unrest across the country. The pandemic has been especially brutal for the MSME sector owing to the severe liquidity crunch. As the
Federal Bank, Equirus Wealth collaborate to launche exclusive USD Fixed Maturity Fund
Federal Bank has collaborated with Equirus Wealth has launched “US Dollar offshore fund” exclusively for their customers. This is in collaboration with SCUBE Capital, a global fund management company based out of Singapore. Both NRI and Resident customers of Federal Bank can invest in this fund that offers a portfolio return (IRR) guidance of ~
PayU introduces product suite to help SMBs with faster and flexible access to credit
PayU, leading online payments solutions provider, has introduced a product suite to offer convenient access to credit for PayU’s 3.5 lakh merchants. PayU has launched three products – Marketplace Early settlement, Priority Settlement, and Merchant Lending. These solutions provide access to working capital, enhance cash flow management & increase liquidity, boosting SMB growth. PayU’s solutions
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BlackSoil Capital raises Rs 70 Crore via secured NCDs
BlackSoil has raised Rs 70 Crore through non-convertible debentures (NCDs) for its NBFC. These NCDs are longer tenure products raised from UHNIs, HNIs &...
Annapurna Finance raises $20 million from Germany-based DEG
Annapurna Finance, Odisha-based amongst the top five NBFC-MFIs, today announced Equity Investment of USD 20 million from DEG – Deutsche Investitions – und Entwicklungsgesellschaft,...
Digital Payments
PhonePe captures over 42% of overall UPI P2M market share
Leading digital payments platform PhonePe has emerged as the largest player on UPI merchant (P2M) transactions by capturing around 42 percent of the overall...
Union Budget 2021: Finance Minister proposes Rs 1,500 Crore Scheme to...
Union Finance Minster Nirmala Sitharaman tables India’s first paperless budget on Monday where she proposed Rs 1,500 crore-scheme to boost digital payments in the...
Jobs
Bank Of Baroda Recruitment 2021: Vacancy on 511 announced
Public lender Bank of Baroda has invited application for the recruitment on511 vacant posts. Interested...
Bank of Baroda Recruitment 2021: Apply before April 10 for BC Supervisor posts @ bankofbaroda.in
BOB Recruitment 2021: Public lender Bank of Baroda (BOB) is recruiting for the post of...
Bank of Maharashtra Recruitment 2021: Applications invited on 150 General Officer posts
The public sector lender Bank of Maharashtra on March 22 announced the recruitment drive for...
