New Delhi, June 5 (IANS) Jan Samarth Portal has processed around 54.10 lakh credit applications amounting to Rs 3,00,951 crore and enabled digital approvals for 49.55 lakh beneficiaries totalling Rs 2,76,493.78 crore, an official statement said on Friday.The portal, launched on June 6, 2022, completes its fourth and has become a single‑window digital gateway for accessing institutional credit for sectors such as agriculture, business, housing, renewable energy and livelihoods.Jan Samarth suppo…
Latest Non-Banking Financial Companies (NBFCs) News & Updates
New Delhi, March 19 (IANS) Indian households are sitting on an enormous reserve of gold, and that wealth is now quietly reshaping the country’s lending market, a report has said.According to a report by Morgan Stanley, Indian households collectively own more than 34,000 tonnes of gold.Kotak Mahindra Bank estimates this stockpile to be worth nearly $5 trillion. While most of this gold — around 90 per cent — still lies idle, it is increasingly being used as collateral to raise quick loans.Gold…