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Nabard, HSBC invest Rs 80 crore for 10 pc stake in OPL

OPL, a digital credit infrastructure company, has secured approximately Rs 80 crore in funding from Nabard and HSBC. This investment aims to fuel innovation within digital ecosystems and enhance financial inclusion in rural India. Nabard's expertise in rural digitization and HSBC's global financial capabilities will accelerate credit accessibility and transform the lending landscape.

Nabard, HSBC invest around Rs 80 crore for 10% equity stake in OPL

OPL, a digital credit infrastructure company, has received funding of about Rs 80 crore from Nabard and HSBC, officials said on Monday.

The funding will be used to drive innovation in digital ecosystems, according to a statement. The statement didn't specify the funding amount, but officials pegged it at around Rs 80 crore for a 10 per cent stake.

NABARD and HSBC Invest in OPL to Strengthen Digital Financial Ecosystems

Digital credit infrastructure company OPL has secured a strategic investment from the National Bank for Agriculture and Rural Development (NABARD) and HSBC. The investment is expected to bolster OPL's efforts to digitise lending processes, deepen financial inclusion, and improve access to credit across underserved and rural segments of India.

HSBC, NABARD Invest In Digital Credit Infrastructure Firm Online PSB Loans

HSBC, along with the National Bank for Agriculture and Rural Development (NABARD), has made an investment in digital credit infrastructure company Online PSB Loans Ltd, aiming to digitize lending processes, deepen financial inclusion, and improve access to credit for underserved and rural communities in India.

India Digest: Nabard, HSBC back OPL; BII commits $10m to Asha Ventures' fund

Indian digital credit infrastructure firm OPL secured a strategic investment from Nabard and HSBC. Separately, climate- and impact-focused venture capitalist Asha Ventures secured a commitment of $10 million from British International Investment (BI) for its maiden $100 million fund.

OPL unveils new identity, embracing futuristic technology excellence with the motto ‘Innovation Is Good’

Online PSB Loans (OPL) a fintech company revolutionizing India’s credit ecosystem, with a fully-integrated digital infrastructure with end-to-end automation, unveiled its new logo as a central element of a comprehensive rebranding initiative.

Fintech company Online PSB Loans unveils new logo

Online PSB Loans (OPL), a fintech company with fully integrated digital infrastructure and end-to-end automation, unveiled its new logo as a central element of a comprehensive rebranding initiative.

Beyond Traditional Credit Scores: How Data Analytics is Empowering MSME Borrowers

The rise of data analytics has emerged as a critical driver in transforming the lending domain, particularly in the sphere of Micro, Small, and Medium Enterprises (MSMEs). This disruptive epoch has not just simplified credit access for small businesses, but also introduced new opportunities for banks and other financial institutions to provide tailored solutions and improve risk management

Open Finance Partner: Online PSB Loans

India’s small and medium-sized businesses are among the biggest contributors to the country’s developing economy. The government and fintechs are trying to reach as many of them – registered and unregistered – as possible.

ONLINE PSB LOANS: A digital platform for all your lending requirements

Digitalisation is the new normal. From buying breakfast to reading books, everything can be done online. Working on the same lines, Ahmedabad-based startup Online PSB Loans (PSBLoansin 59Minutes.com) is a new and unique player in the game of digital finance.

અમદાવાદના ફિનટેક્ સ્ટાર્ટઅપ OPL(Online PSB Loans)એ MSMEને રૂ. 74 હજાર કરોડની લોન્સ ફાળવી

અમદાવાદ, 5 મેઃ અમદાવાદના ફિનટેક્ સ્ટાર્ટઅપ OPL(Online PSB Loans)એ છેલ્લા પાંચ વર્ષમાં MSMEને 74 હજાર કરોડની લોન ફાળવી છે. MSMEને ઝડપથી 59 મિનિટમાં લોન ઉપલબ્ધ કરાવતા એકમાત્ર સીડબી સાથે ટાયઅપ ધરાવતાં અને ટેક્નોલોજીથી સજ્જ આ સ્ટાર્ટઅપે 22થી વધુ બેન્કો સાથે મળી ડિજિટલી ઓટો ક્રેડિટનો બેન્ચમાર્ક સેટ કર્યો છે. જે MSMEને ડિજિટલી લોન મેળવવામાં મદદ કરે છે. અત્યારસુધી આ સ્ટાર્ટઅપે 7.5 લાખ પ્રપોઝલ પર કામ કર્યું છે.

Online PSB Loans: ડિજિટલ માધ્યમથી 2.5 લાખથી વધુ એમએસએમઈને રૂ.74 હજાર કરોડની લોન ફાળવાઈ

અમદાવાદના ફિનટેક્ સ્ટાર્ટઅપ OPL(Online PSB Loans)એ એમએસએમઈને વધુ ઝડપથી અને સરળતાથી લોન ફાળવવામાં મદદરૂપ થવા જીએસટી સહાય એપ લોન્ચ કરી છે. એમએસએમઈને ઝડપથી 59 મિનિટમાં લોન ઉપલબ્ધ કરાવતા એકમાત્ર સીડબી સાથે ટાયઅપ અમદાવાદના ફિનટેક્ સ્ટાર્ટઅપ OPL(Online PSB Loans)એ છેલ્લા પાંચ વર્ષમાં અઢી લાખથી વધુ એમએસએમઈને 74 હજાર કરોડની લોન ફાળવી છે.

Ahmedabad-based OPL to launch GST Sahay app for instant loan to MSMEs

In yet another push for the digital credit ecosystem, small traders and MSMEs will be able to secure instant working capital loans from the banks using their Goods and Services Tax (GST) profile with an app developed by an Ahmedabad-based start-up.

Credit card for MSMEs by Diwali this year

A digital credit card for MSMEs is likely to be rolled out by Diwali this year, even as real-time disbursements to the sector without them having to visit the bank branches become a reality in the next three months.

13th edition of Aegis Graham Bell Awards (AGBA) winners

Mumbai (Maharashtra) [India], February 27 (ANI/NewsVoir): The most anticipated innovations award of the country had great innovations showcased at the 13th edition of (https://bellaward.com) with gathering from various companies from large to startups, several distinguished jurors of the award and prominent leaders were present to witness the winners and finalists at the grand award ceremony of the 13th edition of AGBA on 24th February 2023 at NDMC Convention Center, New Delhi.

VoiceWhat Special: Decoding One Of The Largest Digital Lenders, Online PSB Loans' Story

Its initiative PSB Loans in 59 Minutes has revolutionised the credit market with digital approval for business loans, mudra loans, retail loans and microfinance

NPAs in MSMEs: Health and remedy to make fastest growing sector fit

MSMEs contribute nearly 30% of GDP making it a crucial element of a growing economy. Government data says, nearly 6000 MSMEs were shut down during FY21 and FY22. Here we bring an analysis of how MSMEs performed these days and what could be the possible remedies to beat the NPA crisis:

CIBIL, SIDBI, Online PSB loans launch MSME rankings

Mumbai: Credit bureau TransUnion CIBIL, in collaboration with Online PSB Loans and MSME lender SIDBI on Tuesday announced the launch of FIT Rank – a comprehensive ranking model for MSMEs.

Online PSB Loans Leverages Embedded Analytics to Support Banks’ Operational Performance Analysis

OPL is India’s largest lending fintech. The company’s marketplace platform, ‘PSB Loans in 59 Minutes’, automates and digitizes the lending process, making it easier for both borrowers and lenders. Founded in 2015, Online PSB Loans now has 95% of the country’s commercial banks on its platform and helps them to streamline approvals for several loan types, including business loans for Micro, Small & Medium Enterprises (MSMEs) and retail loans.

SIDBI’s lending platform Online PSB Loans eyes 50% jump in disbursements to Rs 1 lakh cr

Credit and Finance for MSMEs: From Rs 59,548 crore loans disbursed by SIDBI’s digital lending platform as of February 2021, the value has increased by 11.6 per cent till date. On the other hand, the number of loans disbursed in the last 12 months was 15,000.

RBI will continue reforms till fintechs do not self-regulate: Online PSB Loans MD

Fintechs provide infrastructure services to banks and NBFCs for sourcing and maintenance of new products and charge a fee for the same.

Online PSB Loans raises ₹50 crore from HDFC Holdings and TransUnion

Both entities will be given strategic minority holdings in the online lending platform. Online PSB Loans (OPL) has raised ₹50 crore from HDFC Holdings and TransUnion (TRU).

Ahmedabad-based Online PSB Loans raises Rs 50 cr from HDFC Holdings, TransUnion Strategic investment

The Fund raised will be utilised in helping facilitate MSME & Retail financing through best-in-class analytical capabilities, solutions and tech platforms

PM Modi’s 59-min MSME loan approval: Banks disburse 2.15 lakh applications; amount tops Rs 60k crore

Launched in November 2018 by Prime Minister Narendra Modi, the scheme offers business loans including term loans and working capital loans, and Mudra loans to MSMEs for purchase of plant and machinery, technology upgrade, product expansion, purchase of raw materials, infrastructure development, etc.

Interview | We want to double MSME loans under SIDBI’s 59-min scheme in 2021: Online PSB Loans’ Jinand Shah

Credit and Finance for MSMEs: Launched by Prime Minister Narendra Modi in November 2018, SIDBI’s 59-minute loan approval scheme for MSMEs has managed to sanction only 2,29,883 loans involving Rs 75,944 crore as of March 31, 2021.

राज्यसभा में अनुराग ठाकुर ने दी जानकारी, 59 मिनट में ऋण योजना के तहत 60 हजार करोड़ आवंटित किए

सरकार ने मंगलवार को राज्यसभा में कहा कि छोटे एवं मध्यम उद्योगों के लिए शुरू की गई 59 मिनट में ऋण योजना के तहत अब तक 60,000 करोड़ रुपये आवंटित किए गए हैं। वित्त राज्य मंत्री अनुराग ठाकुर ने प्रश्नकाल के दौरान विभिन्न पूरक सवालों के जवाब में यह जानकारी दी। उन्होंने कहा कि यह योजना अभी शुरुआती चरण में है और इस दौरान छोटे एवं मध्यम उद्योगों के लिए 60,000 करोड़ रुपये का रिण उस क्षेत्र के लिए बड़ी सुविधा है।

यहां केवल 59 मिनट में मिल रहा है हर तरह का लोन, सरकार अब तक बांट चुकी है 60 हजार करोड़

59 minutes loan scheme को लेकर आज राज्यसभा में वित्त राज्यमंत्री अनुराग ठाकुर ने कहा कि अब तक करीब 60 हजार करोड़ रुपए बांटे जा चुके हैं. पीएम नरेंद्र मोदी ने 2 नवंबर 2018 को 59 मिनट में मिलने वाले लोन स्कीम को लॉन्च किया था. इसके तहत बिजनेस लोन, मुद्रा लोन, पर्सनल लोन , होम लोन और कार लोन आसानी से मिल जाते हैं. खासकर इसे छोटे उद्योगपतियों के लिए लॉन्च किया गया था. इसके तहत MSMEs को 1 लाख से लेकर 5 करोड़ तक लोन सस्ती कीमत पर महज 59 मिनट में मिल जाता है.

India's largest online lending platform: Apply for loans from anywhere, anytime and get digital approvals in 59 minutes

Despite the wide banking network, Indian MSMEs still face challenges while securing finance from formal banking channels due to convoluted lending procedures, tedious paperwork, inflexible collateral requirements and slow disbursements. On the other hand, it takes a considerable amount of time and effort for a lender to collect data and verify it before taking the proposal ahead.

How to apply for an MSME loan online and get approval in 59 minutes

The Indian government announced a special scheme for micro, small and medium enterprises, allowing them to get business and MSME loans within 59 minutes. Applicants can get loans ranging from ₹1 lakh to ₹10 crore, and digital approvals are sent within 59 minutes.

PSB Loans in 59 Minutes: Lockdown में शुरू करना चाहते हैं कारोबार, सरकार देगी एक करोड़ का लोन

कोरोना वायरस लॉकडाउन (में देश में आर्थिक गतिविधियां ठप हो गई हैं। छोटे कारोकारियों के काम बंद हो गए हैं। रुपयों की किल्लत वजह से वो अपना काम शुरू नहीं कर पा रहे हैं। वहीं जो लोग अपना खुद का काम नए सिरे शुरू करना चाहते हैं उन्हें भी लिक्विडिटी

લોકડાઉનમાં ખુશખબરી! માત્ર 1 કલાકમાં લોન મેળવવી હોય તો આ બેંકો આપી રહી છે ઝડપી સેવા

હાલમાં કોરોના સંક્રમણ સમયે ગમે ત્યારે પૈસાની જરૃર પડી શકે છે. એવું નથી કે લોકડાઉન છે એટલે પૈસાની જરૃર નથી. હાલમાં પંજાબ નેશનલ બેંકે નવી હોમ લોન ધિરાણ સેવા ચાલુ કરી છે. જેમાં ફક્ત 1 જ કલાકમાં તમારા ખાતામાં પૈસા આવી જાય છે. પંજાબ નેશનલ બેંકે આ નવી સર્વિસને PSB Loan in 59 minutes નામ આપ્યું છે.

You can now get home loan up to ₹10 crore in just 59 minutes: How to apply

Ahead of the festive season, retail borrowers can avail an digital approval for home loans within a short span of just 59 minutes. Starting from September, online portal ‘PSB Loans in 59 Minutes’ is offering an digital approval for retail loans.

Banks start approving retail loan proposals on ‘PSB Loans in 59 Minutes’ portal

Bank loan: Yes, money on tap will be made available by public sector banks to all borrowers. Applicants can now get an digital approval for loans within 59 minutes through 19 public sector banks including STate Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and Union Bank of India.

These 19 PSU banks will now give digital approval of loans in 59 mins

The portal, PSB loans in 59 minutes, has started offering digital approval of retail loans in 59 minutes. According to the press release, the portal will offer loans though 19 public sector banks including State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda.

बैंक 59 मिनट में लोन स्कीम के तहत होम-ऑटो लोन देंगे, कहा- इससे लागत भी घटेगी

फिलहाल psbloansin59minutes पोर्टल पर एमएसएमई को 1 करोड़ रुपए तक के लोन पर सैद्धांतिक मंजूरी एक घंटे से भी कम समय में दी जाती है। बैंक ऑफ इंडिया, होम और ऑटो लोन जैसे कुछ रिटेल प्रोडक्ट्स को पोर्टल पर लाने की योजना बना रहा है। एसबीआई, यूनियन बैंक और कॉरपोरेशन बैंक ने पोर्टल के जरिए 5 करोड़ तक के लोन को मंजूरी देने का फैसला किया है।

Personal, Auto, Car Loans in 59 Minutes! You may soon get this facility

You may soon be able to get approval for personal, auto and home loans online within 59 minutes if the government approves a proposal by state-run banks. In a recent meeting with Finance Minister Nirmala Sitharaman, the state-run banks discussed this proposal as one of the measures to demand and boost the economy, according to a report by Hindustan Times.

खुशखबर ! मोदी सरकारकडून छोट्या व्यापार्‍यांना ५९ मिनिटात ५ कोटीचं कर्ज, जाणून घ्या अर्ज प्रक्रिया

मोदी सरकार देशातील छोट्या उद्योजकांना कर्ज देत आहे. सरकारने MSME साठी PSB Loan in ५९ Minutes सुविधा सुरु केली आहे. या अंतर्गत MSME साठी १ कोटी रुपयांपर्यंतचे कर्ज फक्त ५९ मिनिटात मिळू शकत होते.

Finance Ministry mulls raising cap on 59-minute loans to Rs 3-5 crore

Representative imageRepresentative image The Finance Ministry is planning to raise the Rs 1 crore cap for the 59-minute loan scheme to Rs 3-5 crore. "Discussions regarding this are on. The cap will be increased gradually," a senior finance ministry official said.

PSBloansin59minutes.com emerges largest fintech lending platform; sanctions Rs 35,000 cr

PSBloansin59minutes.com, launched by Prime Minister Narendra Modi three months ago, has emerged as the country’s largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore.

Banks clear MSME loans worth Rs 30,000 crore via 59-Minute portal

The psbloansin59minutes portal — a central government initiative to provide digital approval for small business loans of up to Rs 1 crore from public sector banks and Sidbi in less than an hour — has seen around Rs 30,000-crore loans sanctioned since its launch in September.

Rs 1 Crore Loan Can Be Obtained Under 59 Minutes, Says Finance Minister

1 crore loan can be obtained under 59 minutes, said Finance Minister Piyush Goyal on Friday while presenting the interim Budget for 2019-20 in the Lok Sabha.

Central Govt launches website called ‘59 minutes’

Executive Director of Bank of India AK Das said that the Central Government has launched a website called 59 minutes, in which the small, micro and medium enterprises have been given the facility to apply from home itself. Das was addressing an event organised in Bhopal on Friday. Das said that as small as the development of the industry, the young will get jobs. Das told that all banks have been added to this web site and applicants can choose the bank on their own.

Narendra Modi launches fast-track loan access plan for small businesses

Prime Minister Narendra Modi on Thursday launched a programme to approve loan requests of up to 10 million rupees ($138,000) for small- and medium-sized businesses within 59 minutes, as he tries to woo a large voting block ahead of a series of elections.

Central Govt launches website called ‘59 minutes’

MSME incentives will add strength to the sector, says PM Narendra Modi

Loans for MSMEs in 59 minutes

Prime Minister Narendra Modi on Friday announced 12 measures to boost the Micro, Small and Medium Enterprises (MSME) sector, including a portal that would enable the units to get a loan in just 59 minutes and interest subvention of 2%.

Modi announces online loans of up to Rs 10 mn for MSME sector in 59 minutes

Prime Minister Narendra Modi Friday announced 59-minute loan sanctions, relaxation in labour laws, easier compliance with environmental rules and changes in company laws for small and medium enterprises to give a boost to the nation's second-biggest employing sector.

'Diwali gift' for MSMEs: Loans up to Rs 1 crore in 59 minute ..

NEW DELHI: Prime Minister Narendra Modi said his government has finalised 12 policies to boost the sector. Calling it a "Diwali gift", the prime minister said these policies would enhance credit access to micro, small and medium businesses. The move will give a boost to the micro, small and medium enterprises sector and help generate employment.