- They have partnered to enhance the Digital Lending mechanism in order to give the best experience to their customers.
- Under the partnership, both the entities will develop momentum in impact categories of skill upgradation, education loans, and healthcare finance.
- This will lead to developing a large consumer lending book with EarlySalary.
- The HDBFC will be able to offer a seamless borrowing experience to its customers. It will allow its customers with digital onboarding, easy and secure finance, and customer support services.
- Under this partnership, the EarlySalary aims to disburse loans upto to Rs 1000 crore. It also aims to uplift its platform with new-age technologies in order to have data processing in a safe and secure manner. It also aims to implement AI, Machine learning, and real-time analysis features in its systems.
- The partnership will also help to boost the process of collaboration with Fintechs.
- Static Part:
- HQ of HDBFS: Mumbai
- MD and CEO of HDBFS: G Ramesh
- HQ of EarlySalary: Pune
- CEO of EarlySalary: Akshay Mehrotra
Question:
Q.1 With which entity has EarlySalary entered into a partnership to develop momentum in impact categories of skill upgradation, education loans, and healthcare finance?
a. Muthoot Finance Ltd
b. Mahindra & Mahindra Financial Services Limited
c. Bajaj Finserv
d. HDB Financial Services Ltd
a. Muthoot Finance Ltd
b. Mahindra & Mahindra Financial Services Limited
c. Bajaj Finserv
d. HDB Financial Services Ltd