Zomato withdraws NBFC application, says no plans to pursue lending

Food and grocery delivery major Zomato has pulled the plug on its plan to enter the lending business. Photograph: Anushree Fadnavis/Reuters Zomato Financial Services, a wholly-owned subsidiary of......

'We focus on smaller ticket sizes loans'

'Banks may find small ticket size lending economically unviable due to the cost of branch operations.' Illustration: Uttam Ghosh/Rediff.com FlexiLoans.com, a lender to small businesses starved of......

'Payment banks' micro-lending to significantly impact economy'

'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.' Photograph: Kind courtesy Airtel Payment Bank/Instagram Airtel Payments Bank saw a......

Paytm COO Bhavesh Gupta quits; company rejigs senior management

Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in......