At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company's targets for the first time since it entered online payments. Valued at $5 billion and with investors including Mastercard and Singapore's Temasek, Pine Labs has for years provided point-of-sale machines to offline merchants for card payments.

HDFC Ltd has raised the amount by way of external commercial borrowings (ECBs). "This landmark financing further promotes HDFC's longstanding mission to be the leading provider of housing finance in India. Proceeds from the social loan would go towards financing affordable housing loans," the company said.

The Punjab National Bank-promoted housing finance company (HFC) presently has a corporate loan book size of Rs 6,006 crore which may come down further by Rs 1,000 crore by December, Hardayal Prasad, the Managing Director and Chief Executive Officer of PNB Housing Finance, said.

Home loan demand in the rural areas have been on the rise primarily due to the government’s SVAMITVA scheme. The scheme provides people in the hinterland with the right to document their residential properties, which can then help them to use their properties for economic purposes. India's home loan market, currently valued at Rs 24 trillion, is projected to double in five years.

"HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, with effect from August 9, 2022," the biggest housing finance company said in a statement.

Gig workers require access to short-cycle credit to meet an erratic cash need in between their payout cycles. This partnership will enable delivery executives at LoadShare to get easy and affordable access to funds through the KarmaLife app, empowering them to manage their financial liquidity and also start building their credit histories.

The Chief Minister congratulated the financial institution, providing assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure projects in the region, for having completed 27 years of glorious existence.

Both the companies will work closely with private and public sector companies and financial institutions to offer scalable investment banking products, groundbreaking solutions and actionable insights for more sustainable development along with an extensive outreach to long-term investors, including Impact funds, they said in a statement.