MSME loans drive credit growth in December

An 86 % (y-o-y) progress in loans to medium sized companies in December, due to authorities initiatives- lifted the general credit progress figures to close double digit ranges in response to the most recent knowledge on sectoral deployment of financial institution credit score launched by the Reserve Bank of India. On a year-on-year (y-o-y) foundation, …

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POS business grew to $4 billion annualised transaction value, deployed over 1.25 lakh machines: BharatPe

BharatPe, a fintech firm for retailers, on Thursday stated it has witnessed 200 per cent development in annualised transaction worth to USD 4 billion (about Rs 30,078 crore) from its POS enterprise over the past 12 months. The Level of Sale (POS) enterprise – BharatSwipe – now contributes about 25 per cent to the general …

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