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Fintechs in India cater mostly to the affluent, huge potential in lower middle class: J P Morgan
Fintechs have an opportunity to cater to the lower middle income or LMI segment with an income ranging from $2 to $10 a day and are about 600 million in number.
- Categories
- Finance
- Region
- South Asia
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Alternate lending platforms are fixing India’s financial inclusion problem, becoming enablers for SME funding
Today, India's MSMEs and their business owners are finding new-age digital startups and alternate lending platforms to be the most effective institution to disperse credit.
- Region
- South Asia
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RIP, Tata Nano: World’s cheapest car goes up in smoke
The Nano’s failure to sell stands in stark contrast to the rest of the Indian car market. From motorbikes to cars and trucks, growth in every segment is picking up. Passenger vehicles, including SUVs, jumped 38 percent in June.
- Region
- South Asia
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Samsung goes big in India with ‘world’s largest mobile factory’
Samsung India CEO HC Hong described the factory as a "symbol of Samsung's strong commitment to India and a shining example of the success of the government's 'Make in India' program."
- Categories
- Technology
- Region
- South Asia
- Tags
- manufacturing
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Press release: IFC invests $100 million in Mahindra Finance for loans to farmers
“Since its inception in 1991, Mahindra Finance has been working in the rural and semi-urban areas of India, catalyzing financial inclusion of the unbanked and under-served communities and also partnering with them in their difficult times. Our focus has been on enabling these customers with innovative financial solutions, tailor made to their evolving needs” said Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance.
- Categories
- Agriculture
- Region
- South Asia
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Capria partners with Australia’s DFAT to expand investment platform in SE Asia
Global impact investment firm Capria has announced a partnership with the Australian Government’s Department of Foreign Affairs and Trade (DFAT) to expand its investment platform into the Southeast Asia region.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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Four Asian Banks Get Clearance To Open Branches in India
A senior government official told BloombergQuint the proposals pertained to the banks expanding their operations and opening new branches in India. The government has conveyed to the Reserve Bank of India it has no objection over the same, the official said.
- Region
- South Asia
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Federal Bank looks to acquire Madura Microfinance
The acquisition will help Federal Bank venture into microfinance and grow its priority sector loans.
- Region
- South Asia
- Tags
- microfinance
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