Real capex will resume in 9-12 months. Amitabh Choudhary, CEO of Axis Bank says

Even as large corporations tighten greenfield and brownfield investment plans, Axis Bank CEO Amitabh Choudhary believes real capex will revive in the next 9-12 months indicating revival of credit offtake Will give Choudhary, who was re-appointed as the bank’s MD for another three years, tells Saloni Shukla that he had led the bank to a … Read more

7 percent growth in credit active consumers during Feb-October this year: Report

As economic activity remained more or less unaffected through the COVID-19 second wave and lenders became tech-savvy, outstanding balances and credit active consumers grew by 8 and 7 per cent, respectively, between February and October this year, according to a report. According. The report said that credit inquiries also increased by 54 per cent during … Read more

Agritech start-up introduces Buy Now Pay Later feature

Agritech firm, has come up with Buy Now Pay Later (BNPL) facility for buyers who buy around 150-200 tonnes of agricultural produce (cereals/oilseeds/pulses with an annual turnover). This will help in reducing the age-old challenges of finance in the field of commodity buying. Buyers on the platform can currently avail credit up to … Read more