Commercial lenders are shying away from their primary business as they turn risk averse despite the government and the Reserve Bank of India (RBI) doing whatever it takes to spur credit flow to MSMEs
Read MoreGold loan non-banking finance company (NBFC) Indel Money is expecting a 50 per cent growth in its gold loan business in the current financial year.
Read MoreIndel Corporation — the Mumbai based investment group — has finalised its plans to tap international funds for supporting future expansions.
Read MoreThe Rs 1500-crore Indel Corporation, a Mumbai-based investment group with diverse interests, plans to expand its financial and automotive segments to more states in the current year.
Read MoreIndel Automotives, a fully-owned subsidiary of the Mumbai-based Indel Corporation, has strengthened its presence in Kerala automobile sector through the acquisition of MGF Motors Limited, Kerala Cars Private Limited and Omega Motors Private Limited.
Read MoreIndel Money Private Limited, the NBFC with strong presence in Kerala and Tamil Nadu, plans its pan-India visibility by rolling out 700 branches across the country in the next five years.
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