Latest News | Business Briefs 2 Loan Recast: Transunion Cibil to Work with Lenders on Data Reporting Framework
Get latest articles and stories on Latest News at LatestLY. With the Reserve Bank of India allowing a loan recast, credit information firm Transunion Cibil on Thursday said it will work with lenders to define the data reporting framework for the same once the restructuring guidelines get announced.
Mumbai, Aug 6 (PTI) With the Reserve Bank of India allowing a loan recast, credit information firm Transunion Cibil on Thursday said it will work with lenders to define the data reporting framework for the same once the restructuring guidelines get announced.
Its Chief Operating Officer Harshala Chandorkar said restructuring of loans is an effective relief for the borrowers in India's credit market. *
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* IDEMIA launches innovation, incubation programme for start-ups
* Augmented identity player IDEMIA on Thursday launched iCube, an innovation and incubation programme to support and assist Indian start-ups that leverage augmented identity.
It will offer its expertise and technology to innovative start-ups and developers in India, an official statement said.
It added that identity has usage in financial services, healthcare, education, food sustainability, smart cities, internet of things, e-governance, e-commerce, travel and mobility, telecom and defence sectors. *
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Airtel Payments Bank teams up with Bharti AXA General Insurance
New Delhi: Airtel Payments Bank has tied up with Bharti AXA General Insurance to offer shop insurance for its retailers and merchants, according to a statement.
The policy provides protection against loss due to fire and allied perils, and burglary, among others.
"Airtel Payments Bank today (Thursday) announced that it will offer shop insurance exclusively for its retailers and merchants," the statement said.
It also added that offered in partnership with Bharti AXA General Insurance, the Smart Plan Shop Package policy provides financial protection in case of damage to assets inside the shopdue to fire and allied perils, and burglary, among others, as covered in the product.
(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)