April 23, 2024
Loans

Revised rules to improve loan climate

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China unveiled several revised credit management rules on Friday, which will take effect from July 1. They include measures for the administration of fixed-asset loans, working capital loans and personal loans. Experts said the new rules fit the

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Investors

SK Fin gets ₹1,328 cr via new, old investors

Mumbai: SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, has raised ₹1,328 crore from existing investors namely Norwest Venture Partners, TPG Growth, Baring Private Equity India and incoming investors namely Duro Capital, Axis Alternatives, Ananta Capital and Mirae Asset Venture Investments (India), the company said in a release.

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