The Mastercard Payments Summit will see thought leaders talk about futuristic solutions that can drive innovation in the industry and pave the path for a stronger digital economy.

NIIF, India’s quasi sovereign wealth fund, currently has $4.3 billion of assets under management through a Master Fund, a Fund of Funds and a Strategic Opportunities Fund.

The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced to commit suicide and the last week's incidence of a young pregnant woman being mowed down by the recovery agents of Mahindra Finance which financed her father's tractor in Bihar.

The company stated that ​​Kousgi will continue to function as the MD and CEO and discharge duties till the date of his relieving.

Alpha had raised its first round of capital in 2020 when it received investments to the tune of Rs 115 cr by selling a minority stake to a clutch of investors.

Founded in 2010, Vistaar provides small business loans to shops, mills, hotels and manufacturers. It operates 196 branches in 12 Indian states and has lent more than $300 million so far, according to its website. It says it typically extends business loans of $1,200 to $60,000 for five to 10 years.

Suresh has close to 10 years of experience across law firms including AZB & Partners and Cyril Amarchand Mangaldas. He brings in-depth understanding of legal, compliance, regulatory, transactional, and structuring aspects of multiple sectors, including banking, information technology, manufacturing, e-commerce, real estate, retail, healthcare, insurance, and education.

This is the second time since the RBI implemented the inflation targeting approach that retail inflation has exceeded the upper tolerance limit of 6% for eight straight months – the first time was from April 2020 to November 2020. The finance ministry, on the other hand, expressed optimism that the government's export ban on atta, rice, maida, and other grains would help to keep prices in check.

Disruption in business and economic activity amid Covid-19 had restricted loan growth for NBFCs to between 2% to 4% in fiscal ending March 2020 and March 2021, and to 5% in fiscal 2022. But better economic prospects due to a revival in loan demand is expected to help NBFCs post a 11% to 12% in the fiscal ending March 2023, a four-year high — to about Rs 13 lakh crore.