All News and Announcements
Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back
Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.
India: May Digital Payments See an Uptick, Indicating Revival in Economic Activity
Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.
India: Banks and NBFCs Begin Tug of War on Extension of Loan Moratorium Scheme
Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favor of extending the moratorium, said at least three NBFC industry officials.
India: More Kirana Shops Accept Digital Payments as Customers Prefer Contactless Shopping
Payment companies have reported a surge in digital transactions for buying essential goods since the lockdown began, and more and more fintechs are now working with mom-and-pop stores to enable them to transact digitally.
India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May
A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.
India: Digital Lenders Struggle to Cope With Slowdown Induced by Virus
Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.
The Digital Rupee — Is India Ready for the Next Wave of Digital Payments?
Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.
SIDBI Extends Loan Repayment Term to 1-Year for NBFCs, MFIs
Small Industries Development Bank of India has extended the repayment period of loans to non-banking finance companies and microfinance institutions to one year from the 90-day period earlier.
India: COVID-19-Hit Microlenders Knock on SEBI’s Door Seeking Extension of Rating Period
Microfinance institutions have sent a distress call to markets regulator seeking to instruct credit rating agencies to delay the ratings on microlenders whose operations have been disrupted by the impact of COVID-19.