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.
This time US Open 2026 will set to create the history in the Grand Slam…
The Meghalaya Legislative Assembly on Wednesday adopted a resolution rejecting the exploration and mining of…
Indian HAL and French aerospace firm Safran Helicopter Engines have inked a deal to co-develop…
The Defence Research and Development Organisation (DRDO) has conducted the first successful test of its…
Nepal flash floods caused in Rasuwa on 26th August, 2026, Wednesday have been attributed to…
Balen Shah, also called as Balendra Shah, is the current Prime Minister of the Nepal.…