- The NBFC License issued by the RBI will help ftcash in bridging the credit gap.
- After the issuance of the license, ftcash announced that it will aim to disburse loans worth INR 100 crores in FY23.
- The company will offer loans with minimal documentation in addition to the facility of daily repayment through Point on Sale (PoS).
- To offer better credit facilities to its customers, ftcash, also entered into partnerships with various financial service providers viz. Northern Arc, Urgo, and Ambit.
- ftcash is a micro-lending start-up that provides credit facilities to Small and Medium Enterprises (SMEs) and was established in 2015 with its headquarters in Mumbai. The current CEO of the company is Sanjeev Chandak.
Question:
Q.1 The RBI recently provide the NBFC License to which of the following?a. Annapurna Microfinance Pvt. Ltd.
b. ftcash
c. Cashpor Micro Credit
d. ESAF SFB
