Mumbai, Apr 22 (PTI) State-onwed Indian Bank has signed a pact with The Chennai Angels, an angel investment group, for funding eligible start-ups.

The amount will be sanctioned under the lender's loan product 'IND Spring Board', according to a statement.

As part of the product, the bank supports start-ups by extending credit facilities up to Rs 50 crore for working capital requirements and also fund term loan requirements for acquiring fixed assets for their unit.

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* Future Generali India Life Insurance launches internal complaints dashboard

* Private life insurer Future Generali India Life Insurance (FGILI) has launched a complaints dashboard which enables its sales team to identify and thereby address customer grievances quickly and efficiently.

The centralised dashboard is a digital tool that enables FGILI sales team members to analyse customer complaints along with policy level data systematically, on a near real-time basis, and address them quickly and appropriately, a statement said.

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* RapiPay to provide free AEPS services to its merchants

* Fintech company RapiPay said it will provide free AEPS (Aadhaar payment-enabled system) services for merchants and retailers.

The free AEPS activation will encourage more and more retailers to start providing AEPS services to serve customers and grow their business, a company statement said.

The company targets to activate over 1 lakh new AEPS IDs to its agents with this move which means 1 lakh more ATM machines for the people, it said. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)