The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses.
ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.
Symbiotics Launches INR 1,260 Million Bond To Finance Indian C&I Solar Developer Fourth Partner Energy Limited
Symbiotics has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects.
The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.
The aim of the project is to support SHGs by providing them with business training, production skills and marketing information to empower rural women to adopt non-agricultural means of earning a sustainable livelihood.
The credit rating agency opined that adequate system liquidity, along with sufficient capital buffers, provides enough cushion to navigate the challenges from a subdued operating environment.
The tie-up will enable Indian startups and SMBs to fold technology into their operations and accelerate digitalization while also maintaining business continuity and preparing for alternatives to cash payments.
Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.