Latest news with #RaghuMohan
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Business Standard
3 hours ago
- Business
- Business Standard
The role of TReDS is set to go up significantly: M1xchange's Mohindru
Sundeep Mohindru, founder-director of M1xchange, interacted with Raghu Mohan via email on the issues facing MSMEs premium Raghu Mohan New Delhi Listen to This Article M1xchange, the Trade Receivables e-Discounting System (TReDS) platform for invoice discounting, in FY25 recorded business of over ₹78,000 crore, up 100 per cent from the previous year. Higher US tariffs are expected to impact micro, small and medium enterprises (MSMEs); and TReDS' role in financing the sector will become more critical. Sundeep Mohindru, founder-director of M1xchange, interacted with Raghu Mohan via email on the issues facing MSMEs. Edited excerpts:
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Business Standard
27-07-2025
- Business
- Business Standard
Digital debt collection makes strides as lenders use tech to cut visits
For a business that's taken huge strides in recent years, mirroring the growth in retail credit, there's hardly anything by way of a sizing study on it premium Raghu Mohan Listen to This Article 'We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion,' says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere. 'WhatsApp, used by over 550 million of us, is now a default channel for collections and legal followups,' points out Nitin Purswani, cofounder and CEO of Medius Technologies. And that 'over 25 million people paid EMIs digitally in May 2025. Many of these are missed
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Business Standard
25-07-2025
- Business
- Business Standard
RBI to consider giving Section-8 MFI firms' access to credit bureaus
The lack of access to credit information leaves Section-8 MFIs in the dark about the worthiness of their clients, while allowing borrowers to exploit the arbitrage between Section-8 and mainline MFIs Raghu Mohan New Delhi Listen to This Article The Reserve Bank of India (RBI) is considering whether Section-8 companies or not-for-profit (NFP) entities involved in microfinance should get access to credit information companies (CICs). Under the Credit Information Companies (Regulation) Act (2005), only RBI regulated entities (REs) are allowed to hook into CICs or credit bureaus – that is sharing data with and accessing it from them. This leaves out data flow to Section-8 microfinance institutions (MFIs) as only non-banking financial companies (NBFCs) dedicated to microfinance (NBFC-MFIs) are eligible. A submission was also made to the banking regulator that Section-8 MFIs be allowed to convert to mainline NBFCs-MFIs.
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Business Standard
13-07-2025
- Business
- Business Standard
Nearly a decade into its existence, IBC framework needs to be reimagined
The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now premium Raghu Mohan Abhijit Lele Listen to This Article 'A comprehensive law like the IBC is often viewed as a last resort by lenders — an avenue that needs to be explored after exhausting all alternatives. However, this view stems from the lack of a comprehensive vision for the future of a beleaguered borrower,' noted Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI), at a conference on bankruptcy in Ahmedabad (May 6, 2022). His observation — five years after the Insolvency and Bankruptcy Code came into being — was a pointer to the convergence of opinion that outcomes under this architecture have not turned out the way it
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Business Standard
27-06-2025
- Business
- Business Standard
BCs seek meeting with finance ministry to break deadlock over remuneration
Industry representatives for business correspondents point out that there is pressure from banks to raise deposits, despite the fact that the BC channel has already overtaken branches in doing so The credit-deposit (CD) ratio of banks - the percentage given as loan(s) for every Rs 100 in deposits – had reached as much as 90 per cent during calendar year 2024. Raghu Mohan New Delhi Listen to This Article Business correspondents (BCs) have sought a meeting with the Ministry of Finance (MoF) to break the deadlock over the remuneration paid to them. particularly in light of pressure from banks to raise deposits. 'We are being seen as extension counters of banks. The remuneration paid to us has to be revised for the BC channel to be viable," an industry source said, on condition of anonymity because negotiations are still ongoing. The credit-deposit (CD) ratio of banks - the percentage given as loan(s) for every Rs 100 in deposits – had reached as much as 90 per cent during calendar
