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RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.
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Navi Finserv Ordered to Cease Loan Disbursement by RBI ๐จ In a recent development, Navi Finserv, the NBFC arm of Sachin Bansalโs Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
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Fusion Finance is going through a really tough time right now. This is the fourth straight quarter theyโve reported a net loss in their profit and loss statement. Their NPAs have gone up significantly. The company really needs to clear out its bad lo
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Getting a credit card as a student or new worker is toughโyou either donโt qualify or lack a credit history. This was something Rajan Bajaj was bothered about, forcing him to launch Slice, a platform that made accessing credit simple and hassle-free
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Medialย โขย 1y
Top News of the Week: 1. Funding: - On a weekly basis, startup funding jumped 234.27% to $449.33 million as compared to around $134.42 million raised during the previous week. - 39 Indian startups raised around $449.33 million in funding. These de
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Top News of the Week: 1. Funding: - During the week, 21 Indian startups raised around $144.46 million in funding. These deals count 5 growth-stage deals and 13 early-stage deals while 3 early-stage startups kept their transaction details undisclose
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Faad Networkย โขย 1y
Meet the man who donated 6120 CR worth of his shares to employees. 1. Born in a middle-class Brahmin family in Chennai, R Thyagarajan wanted to be financially independent. As he was looking for money, he saw an advertisement. ๐ค 2. In 1961, New Ind
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Medialย โขย 1y
Top News of the Day: 1. Meme-based dating platform Schmooze has raised $4 million in a Series A funding round led by Elevation Capital. 2. Indian electric scooter manufacturer, Ola Electric, has been facing mounting complaints from customers, recei
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Medialย โขย 1y
Top News of the Week 1. Funding: - On a weekly basis, startup funding surged by 2.7X to $375.52 million as compared to around $136.93 million raised during the previous week. - During the week, 32 Indian startups collectively secured approximately
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Medialย โขย 12m
Top News of the day: 1. Fintech firm Navi plans to go public by FY26, having reached 20 million active users. 2. With Indian companies advancing in computing infrastructure, the upcoming decade is expected to be shaped by deep-tech and manufacturin
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