All News and Announcements

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News

India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

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India and Ghana Accelerate Unified Payment Interface Integration for Seamless Cross-Border Payments

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

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Oikocredit Co-Leads a $39 Million Investment in Altum Credo to Promote Affordable Housing Finance

Oikocredit, alongside Z3 Partners and with the participation of British International Investment, has led a $39 million equity investment in Altum Credo to bolster affordable housing finance in India.

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Microfinance Provider Sindhuja Microcredit Raises $14.5 Million From GAWA Capital, Oikocredit

The capital will be used in funding expansion to new geographies and existing ones along with new product lines.

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Four Rural Fintechs Fostering Financial Inclusion in India

In India, rural fintech emerges as a compelling solution, leveraging technology to extend financial inclusion to the country’s vast rural population.

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India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight

The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.

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Mahindra Finance & IBM Collaborate to Drive Financial Inclusion With Super App

This app will enable consumers from both metropolitan and non-metropolitan areas to have continuous digital access to avail and manage products & solutions in a secure, streamlined, and simple manner.

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Google Plans to Join India’s BFSI to Fuel Financial Digital Journey

This partnership encompasses AI integration, SME solutions, enhancing online safety, fostering local collaborations, and more. Google Pay’s introduction in response to the government’s invitation strengthened financial inclusion.

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AISECT’s Financial Inclusion Division Partners With Major Banks Including SBI

Through this partnership, a total of new 666 SBI banking kiosks have been established, each one placed to strategically provide accessible banking services to underserved regions across India.

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Symbiotics Investments Fosters Education in India Through an Education-Focused Social Bond With Varthana

Varthana finances affordable private schools and students with affordable school and student loans, customized to enable schools and students to unlock their full potential.