DBS Bank India Ltd. announced that it has purchased a 9.9% share in Svakarma Finance, a non-deposit taking, non-banking finance company that provides micro businesses with relevant financial solutions through a combination of direct lending and co-lending. DBS Bank India‘s extended franchise plan envisions considerable development in SME and consumer companies across over 300 sites and 500 branches.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
It stated it will continue to look for ways to promote microenterprise lending in a cost-effective manner, both via its own enlarged franchise and through partners. Svakarma is expanding its network across the country. It is currently active in Gujarat, Maharashtra, and Tamil Nadu.
About Svakarma Finance:
Svakarma Finance is a non-banking financial Company (NBFC) with a mission to help Micro, Small, and Medium-sized Enterprises (MSMEs) and make a long-term socio-economic difference in the lives of its customers. They are headquartered in Mumbai and have offices in Maharashtra, Gujarat, and Tamil Nadu. Their mission is to democratise access to cash and information in order to empower businesses.
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…
The United States and Jordan have carried out a major military operation in Syria called…
Jammu & Kashmir has achieved an important milestone in the modernization of public services with…
At the 2ndWHO Global Summit on Traditional Medicine held in New Delhi, Narendra Modi released…
Prime Minister Narendra Modi to inaugurate the new terminal building of Lokpriya Gopinath Bordoloi International…