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.
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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Jaswanth Jegan
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RBI Banned Kotak Mahindra Bank from onboarding new users and to stop issuing new credit cards then bankโs Joint MD resigned.Why do Executives leave the company after a issue Comes out
Was they forced to resign to regain trust?
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Havish Gupta
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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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Harsh Dwivedi
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Medialย โขย 4m
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
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
Meet the man who created an 8500 CR bank for women.
1. Born in the coal city of Dhanbad in Jharkhand, Samit Ghosh was hugely inspired by his father, a World War II doctor who set up government hospitals in the city's poor coal mining areas. But lost
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
Meet the man from a village in Uttarakhand who built a 5000 CR bank.
1. Born in a village 40 km away from Jim Corbett National Park in Uttarakhand, Govind Singh had a tough childhood. He travelled 7 km to the nearest school daily and taught students
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
Top News of the Week
1. Funding
- One of the largest investors in the ecosystem, Prosus, said it infused fresh capital in two fintech startups, Mintifi and Vastu Housing Finance in October.
- Fintech took the top spot in terms of sector-wise capit
