lending

• MUMBAI: EarlySalary, a consumer lending platform for working professionals, on Wednesday said it has tied up with non-bank financier HDB Financial Services Ltd to fuel growth in digital lending.
• HDB Financial Services is a subsidiary of India’s largest private lender HDFC Bank.
• G Ramesh, managing director and chief executive of HDB Financial Services, said, the partnership will help reach millions of customers across India by providing them with easy finance with digital on-boarding and customer support, thus providing them with a seamless borrowing experience.

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• Home >Companies >News >India’s $1 trillion digital loan market is next battleground for tech giants.
• India’s digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., as they seek a foothold in what’s set to be a $1 trillion industry.
• The social media giant’s foray into India coincides with Xiaomi’s, the Chinese maker of everything from rice cookers to gaming monitors, plans to offer loans, credit cards and insurance products in partnership with some of the nation’s biggest banks and startup digital lenders, the Press Trust of India reported, citing local head Manu Jain.

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