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Taiwan has been encouraging its firms to invest at home, having seen companies flock back to the island during the China-US trade war

MTBC said that it has fully repaid its $8 million term loans from Opus Bank which had outstanding balances of approximately $7.3 million

Cumulative loan approval rate for retail and SMB credit rises to over 60% for Rubique and total loan disbursement facilitation is touching over Rs 488 crores, said company

Digital lending startup Capital Float has partnered with e-commerce firm Amazon India to disburse loans to e-commerce sellers to effectively manage their dynamic working capital requirements

In an exclusive interview with TechObserver.in, Kyndryl’s India CTO, Sreekrishnan Venkateswaran, said, "AI is enabling us to address and solve customer problems that were previously hard to reach."

By implementing this digital solution, the Indian Bank expects to reduce the turnaround time for issuing and delivering bank guarantees to beneficiaries from an industry average of 3-4 working days to a few minutes.

"Consumers will heave a sigh of relief post RBIs rate pause since they were starting to feel the pressure of rising interest rates," said Ravi Subramanian, MD & CEO, Shriram Housing Finance.

The funding round saw participation from existing investors PayU, the payments and fintech business of Prosus, and InfoEdge Ventures.

Earlier ED said it has conducted raids at six premises of online payment gateways including Paytm over the alleged irregularities in instant app-based loans ‘controlled’ by Chinese persons.

In his new role, Negi will take charge of the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023.