Page 8 - Digital Lending

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Sachin Bansal's Navi app among top three digital lenders in India

Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic

Cashe may become a digital bank in five years, says CEO Ketan Patel

Patel on how the fintech company plans to build its business, get a small finance bank licence

A bank's race against crisis has served a warning to Indian banking

At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's

New-age lenders enter markets that banks fear: What's their secret sauce?

Digital lending platforms are attracting new-to-credit borrowers and small businesses. Their loan books are running into hundreds of crores, but there are caveats

CASHe to double lending to Rs 1000 cr this fiscal, to widen travel segment

CASHe's forte lies in providing short-term, unsecured personal loans

Student centric lending start-up mPokket may opt for NBFC license

City based digital lending platform mPokket is aiming 10-15 times growth in lending in the current fiscal and does not rule out becoming an NBFC in near future. mPokket is currently a student centric lending platform with a maximum loan exposure of Rs 2,000 per student at any point, and is now planning to tap those who are fresh in their jobs. "We are now lending around Rs 40 crore per month on an average, registering a growth of 15 times since last year. Our business will jump another 10-15 times in FY'20," mPokket founder & CEO Gaurav Jalan told PTI. The fintech startup is planning to expand its lending portfolio by the end of third quarter of the current fiscal to early stage job holders and building technology to support it. "We do not rule out seeking an NBFC license as money is our key raw material and lending base in growing strong. Currently we are working with a partner NBFC and negotiating with another to support our current lending," Jalan said. mPokket ..