AI IN LENDING
AI-driven credit, underwriting & collections to be banking disruptors
On overall credit expansion, the survey said lenders are positive and anticipate continued momentum in non-food credit. The survey, which covered 24 banks across segments, was released on Sunday.
Angel One shares rise over 4% after Q4 net profit jumps 84% to Rs 320 crore
Angel One share price gained over 4% after it reported a robust March quarter, with profits soaring 84% year-on-year to Rs 320 crore, fueled by a 13% surge in total orders to 43.1 crore and a growing client base. The company's expansion into wealth management and asset management also showed positive traction, underscoring its digital financial services evolution.
Angel One Q4 Results: Profit soars 84% YoY in a quarter of stock market crash
Angel One reported strong March quarter results with profit rising 84% YoY, driven by higher trading volumes, improved monetisation, and operating leverage. Client activity rebounded, boosting orders and revenue while wealth management grew, though lending activity saw a sequential decline.
A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourself
Indians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is damaging credit scores and causing immense stress. Victims must act fast by reporting to lenders, police, and credit bureaus. Prevention through secure data sharing is key to safeguarding financial identity.
AgriTech could add $90 billion to Southeast Asia’s GDP by 2033: Report
While investments have seen a recent decline due to structural challenges, opportunities abound in digital value chains, AgriFinTech, deep technology, and sustainable food brands, with aquaculture also presenting a major growth area.
Jay Shah named to World Economic Forum's Young Global Leaders Class of 2026
Jay Shah, ICC Chairman, has been recognized by the World Economic Forum as a Young Global Leader for 2026. This honor highlights his significant contributions to international cricket. Shah's work includes expanding the sport's reach and securing its inclusion in the 2028 Los Angeles Olympics. His selection underscores India's growing influence on global platforms and propels cricket's development forward.
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Mutual funds raise tech exposure in March after 8-year low. Tactical move or trend reversal?
Mutual funds raised tech exposure in March after an eight-year low, driven by tactical rebalancing and improved valuations. Experts say global cues like US tech recovery and easing rate concerns are aiding sentiment. Despite recent losses of up to 25%, the sector outlook remains gradually positive, supported by AI and cloud trends, though near-term volatility persists.
Fintechs leverage AI to boost creditworthiness and reduce rejections
Fintech startups are leveraging AI to help borrowers improve their creditworthiness and reduce loan application rejections. Companies like BankSathi, GoodScore, and Credgenics are offering AI-led advisory services, addressing a significant demand, especially from smaller cities. While AI automates much of the process, manual intervention remains crucial for resolving defaults with lenders.
Can AI fix your credit score? Krutrim shuts down assistant Kruti
Happy Thursday! Fintechs are building AI solutions to help boost the creditworthiness of borrowers. This and more in today’s ETtech Morning Dispatch.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
Market rally continues but fundamentals are weakening, warns Dipan Mehta
Markets are rallying but investor Dipan Mehta urges caution. He believes fundamentals are weakening. A poor monsoon could impact rural businesses and inflation. Banks face challenges with rising deposit costs. Largecap IT stocks remain uncertain due to AI. Defence stocks are overvalued. This earnings season may not drive markets higher. Investors should watch the June quarter closely for structural headwinds.
Beyond KYC: Why digital trust needs real-time intelligence
Ashok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across the customer lifecycle.
Trump family deal spree could open door for future presidents to profit from office
In a striking maneuver, President Donald Trump's family business is broadening its horizons internationally while tapping into the burgeoning world of cryptocurrencies. This bold expansion sparks a debate about ethical implications and potential conflicts of interest, especially with foreign dealings and prospective government contracts coming under the microscope.
Fintech’s next reset: Why fundamentals are back in focus
As India’s fintech sector recalibrates after the 2021 funding surge, growth is no longer being rewarded in isolation.
Stock picks of the week: 6 stocks with consistent score improvement and upside potential of up to 29%
Usually, official talks are mere formalities – meetings to ink things that have already been agreed upon. The one scheduled between the US and Iran is different for two reasons. One, it is about war. And two, one of the parties involved is US President Trump. So, one does not quite know what to expect. As far as markets are concerned, however, there are some things that are clearly visible. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
ETtech Deals Digest: Startups raise $370 million this week, up 80% on-year
The number of deals during the week was down to 22 transactions, compared to 42 in the corresponding week last year.
US Stock Market: AI anxiety batters US software stocks as growth narrative faces fresh test
U.S. software stocks tumbled as renewed fears over AI’s disruptive impact hit sentiment, with Reuters reporting steep declines across major names. A cautious rollout of a new model from Anthropic heightened concerns that advanced AI could erode traditional software demand, pressuring valuations and exposing vulnerabilities in legacy systems.
Axis MF's Sachin Relekar backs consumer internet, financials & metals for long-term gains
Sachin Relekar of Axis Mutual Fund sees opportunities in consumer internet, financials, and metals. He believes platform businesses are nearing profitability. Large private banks offer value at decade-low valuations. Metals provide predictable earnings due to domestic demand and supply dynamics. Investors should focus on these structural trends for long-term gains.
US Stocks: Carlyle private credit fund bleeds out amid industry-wide investor exodus
Carlyle's flagship private-credit interval fund has been hit by a wave of redemptions, according to a shareholder letter seen by Reuters on Thursday, as an investor exodus over fears of a looming downturn in the sector continues.
Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitch
The small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regulatory scrutiny.
Co-branded cards squeeze; Slice’s valuation reset
Happy Wednesday! Global economic challenges are casting dark clouds over the Indian consumer lending business. This and more in today’s ETtech Morning Dispatch.
Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuation
Digital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last private round before a planned public listing. The company is awaiting regulatory approval for its initial public offering. Kreditbee has expanded its offerings and is investing in new technology.
UAE draws up economic shield plan to counter Iran war fallout
The United Arab Emirates is preparing a contingency economic plan. This plan aims to protect the economy from disruption and boost long-term growth. Measures include liquidity support for businesses and large-scale investments in key sectors. Authorities are assuring investors of support and a strategy to counter capital flight risks. The government is also planning public housing to attract talent.
JPMorgan CEO Jamie Dimon: Iran war could reignite inflation and keep Fed rates higher for longer
JPMorgan CEO Jamie Dimon warned that the war in Iran could trigger oil and commodity price shocks, leading to persistent inflation and higher interest rates than anticipated. He also addressed concerns about the private credit sector, suggesting it likely poses no systemic risk despite recent investor pullbacks driven by AI worries.
ETMarkets Smart Talk | Financials, IT turn attractive; microfinance seen as turnaround bet: Niraj Kumar
Indian stock markets are presenting new chances for investors. Financial and IT sectors are looking attractive. Microfinance is seen as a turnaround play. Investors with a medium-term view can benefit from sectors showing growth. Geopolitical issues are a concern, but stability could lead to a market rebound. Domestic liquidity remains strong.
US stocks: Goldman Sachs' private credit fund defies sector-wide spike in redemptions
Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it apart from the rest of the industry that is struggling with a surge in redemptions.
Global Market | Private credit faces growing strains as redemptions rise and AI risks loom
The private credit market, a decade-old alternative to bank lending, is showing early signs of stress with rising investor redemptions and moderating returns. Concerns are mounting over opacity and the impact of AI-driven disruption on heavily financed tech firms, potentially affecting insurers and retirement savings.
TPG to buy NIIF Green Infra NBFC Aseem for Rs 4,000 cr
US buyout group TPG, alongside ICICI Bank and GIC of Singapore, is set to acquire Aseem Infrastructure Finance Ltd for Rs 4,000 crore. This strategic move aims to accelerate green funding and investment initiatives in India, with the existing sponsors exiting the non-bank lender.
Are stricter rules holding back fintech startups? QED Investors' Nigel Morris weighs in
India's fintech sector faces near-term challenges due to increased regulatory scrutiny, impacting early-stage startups' ability to scale. This tightening, coupled with global economic uncertainties, has led to portfolio companies adjusting operations and tightening underwriting standards.
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