Advertisement
Saturday, Dec 04, 2021
Outlook.com
Outlook.com

Finway Capital records Rs 14 crores in its loan book

Finway Capital records Rs 14 crores in its loan book
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi [India], June 19 (ANI): Finway Capital on Tuesday announced Rs. 14 crores in its loan bank until now, with an effort to cross up to Rs. 35 crores by the end of this fiscal year.

Finway has also reported that the number of collateral loans is higher than others at the start of this financial year. These collateral loans have lower interest rates and lesser risks involved which a salaried worker, as well as a small entrepreneur, can easily afford.

Therefore, loan amounts are not only secured for the company but also offer plenty of benefits for the individuals and companies. With zero NPAs from the last few years, Finway also recorded 20 percent more growth month by month and 700 percent annual growth.

Finway capital also plans to launch a new range of financial services, including Insurance, DEMAT, and Advisory, etc. These services would help Finway to broaden its customer base and offer them a full-fledged pack of financial services. To "Empower People Financially", Finway will soon launch Financial Freedom App in coming few months. The app will make it easier for people can directly contact the team Finway. Whether it is about making any service request or to get relevant information, the app will give them quick assistance.

A survey reported that nearly 76 percent of the Indian population lack financial literacy, which surely is not a good sign for the nation. To decrease this rate until the end of this fiscal year, Finway Capital plans to hold know-how sessions and seminars free and open for all.

"As many working professionals and salaried youth are not really aware of a plethora of financial services and its benefits, we are planning to organize seminar, webinars, and other campaigns to increase financial literacy amongst the population as a part of our CSR activity," said founder and CEO, Finway Capital, Rachit Chawla. (ANI)


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: ANI

More from Website

Indian bankers Have Been Short-Sighted On Payments Business: Uday Kotak

Indian bankers Have Been Short-Sighted On Payments Business: Uday Kotak

According to Uday Kotak, Indian banks have been lagging in the curve to tap payments technology. For them, this is a wake-up call before losing much of their traditional financial business.

Former CM Of  Undivided Andhra Pradesh K Rosaiah Passes At The Age Of 88

Former CM Of Undivided Andhra Pradesh K Rosaiah Passes At The Age Of 88

The former CM of Andhra Pradesh and the 88-year-old veteran Congress leader Konijeti Rosaiah died on his way to a private hospital after he fell ill on Saturday morning.

Real Madrid, Barcelona Present La Liga’s Alternative Future Investment Plan

Real Madrid, Barcelona Present La Liga’s Alternative Future Investment Plan

La Liga in August proposed an investment scheme stating private equity firm CVC would inject 2.7 billion euros ($3.2 billion) into Spanish football. 38 out of 42 clubs from the first and second divisions in Spain voted in favor of the CVC deal.

More from Outlook Magazine

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Kaveri Mishra, an ex-banker and a mother, turned into a full-time home-maker four years back. What holds her back every time she wants to return to her career?

India Needs Kabir Today More Than Any Other Time

India Needs Kabir Today More Than Any Other Time

The Mahindra Kabira Festival at Guleria Ghat in Varanasi was a gentle reminder of the Sufi saint’s centrality to India’s syncretism

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Family from UP village forced to run around to complete post-death official paperwork and even last rites.

Advertisement

Outlook Newsletters

Advertisement
Advertisement