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The company has been able to grow its merchant’s user base across the country through its OkCredit Digital Udhar Bahi Khata app

Rs 3.58 Lakh Cr Issued Under ECLGS, Says MoS Karad In LS

The Emergency Credit Line Guarantee Scheme (ECLGS) is benefiting 1.19 crore borrowers, he informed

India To Extend Extra $100 Mln Credit To Maldives

India will extend an additional USD 100 million line of credit to the Maldives, Prime Minister Narendra Modi said on Tuesday, after a meeting with the island nation's President Ibrahim Mohamed Solih in New Delhi

Home Credit India Launches Inaugural Sustainability Country Card

Sustainability

Country card encompasses HCIN’s ESG commitment with a focus on the ‘social or stakeholders’ (S) component; Key ESG pillars include Financial Inclusion, Financial Literacy, Digital Empowerment and Sustainable Communities

Govt Working Towards Easier Access To Credit For MSMEs: Official

Companies & Markets

Acknowledging that access to affordable credit remains a challenge for all, especially MSMEs, B B Swain, Secretary of the Ministry of MSME, said efforts are being made to address the issue

Non-food Bank Credit Grew 9.7% In March, Personal Loans Rose 12.4%: RBI

Banking & Finance

Loan growth to micro and small industries accelerated to 21.5 per cent from 3.9 per cent and credit to large industries recorded a marginal growth of 0.9 per cent against a contraction of 2.5 per cent during the same period last year

PSBs have done very well, they’re showing clear profits: FM Sitharaman

Arjun Yadav

Banking & Finance Banking

Banks to go for second credit outreach in all districts of the country from October

Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

National

Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

Moody's Revises India's 2020 GDP Growth Forecast To 10.6 Per Cent Contraction From 11.5 % Earlier

Economy India

Moody's also forecast government debt to increase to 89.3 per cent of GDP in 2020 and decline to 87.5 per cent in 2021, from an already elevated 72.2 per cent in 2019.

IMF Approves Colombia's Request To Raise Credit Line By $6.2 Bln

"This represents an SDR 4.4174 billion increase (about USD 6.2 billion) in relation to the two-year arrangement that was approved on May 1, 2020."

SBI providing USD 16 million liquidity support for local businesses in Maldives

World

SBI providing USD 16 million liquidity support for local businesses in Maldives

'No More Tickets To Government Agencies On Credit,' Says Air India Official

Economy Policy Aviation

Tickets on credit are not being issued to the government departments or agencies against whom the pending dues is Rs 10 lakh or more.

India's Credit Squeeze Pushes Growth To A Six-Year Low: Fitch Ratings

Economy India

Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum.

Care Puts JSW Energy's Bank Facilities, NCDs On Credit Watch With Negative Implications