Tag Archives: lending

Adani Capital acquires Essel Finance’s MSME lending business

Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business. Through the acquisition, Adani Capital has secured a loan book of around ₹145 crore, operating out of 10 cities, comprising approximately 1,100 customers and 40 employees. This is the second asset Read More


PE investor Everstone sees opportunity in real estate lending

Singapore/Mumbai: India and SouthEast Asia focused private equity firm Everstone sees real estate lending as a big opportunity in the current scenario and is evaluating setting up a credit fund to lend to the real estate sector in India, a senior executive told Mint. Founded in 2006 by Atul Kapur and Sameer Sain, Everstone today has a team of over 260 experienced professionals across various geographies, Read More


Xiaomi to Enter Consumer Finance and Lending Business in India Soon: Report

China’s Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges. The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a Read More


Who’s lending to Indian businesses?

Banks’ share in new credit fell in FY17, as corporate bond issuances rose 56% and NBFCs lent more With the banks busy chipping away at their mountain of bad loans and operating on precarious levels of capital, who will fund the credit needs of Indian businesses? Reserve Bank of India’s recently released annual report for 2016-17 shows that many new Read More