The News Scroll 18 July 2019  Last Updated at 9:51 pm | Source: PTI

RBI grants NBFC licence to CredAble''s subsidiary

RBI grants NBFC licence to CredAble''s subsidiary
New Delhi, Jul 18 (PTI) Fintech firm CredAble, which caters to B2B segment, Thursday said it has received non-banking finance company (NBFC) licence from RBI.

The company''s wholly-owned subsidiary Equentia Financial Service Private Limited has been granted a non-deposit taking non-banking financial company (NBFC) licence by the RBI, a company statement said

The NBFC licence will allow CredAble to lend directly to small and medium-sized enterprises (SMEs) and micro, small and medium enterprises (MSMEs) and access debt markets to optimise its capital structure, providing suppliers with increased access to on-tap funding and untapped lending opportunities, it said. PTI KPM SHW RVK RVK

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