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