<p>New Delhi, NBFC firm L&T Finance Ltd (LTF) on Monday announced the completion of the transfer of the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL), marking a foray into gold loan finance.</p>.<p>With the acquisition of PMFL, a wholly-owned subsidiary of Paul Merchants Ltd, LTF gets 130 branches, approximately 700 employees, and the business transfer of its gold loan book size of Rs 1,350 crore.</p>.<p>Earlier this calendar year, LTF announced the proposed acquisition of gold loan business undertaking of PMFL, marking its entry into the gold loan business, the NBFC said in a statement.</p>.<p>The gold loan franchise will be an addition to LTF's portfolio of secured loan products, it said.</p>.<p>Poonawalla Fincorp launches fully digital business loans for MSMEs Poonawalla Fincorp on Monday announced the launch of business loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs).</p>.<p>This innovative offering provides instant approval with a risk-first approach and flexible repayment options, the NBFC said in a statement.</p>.<p>Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model, it said.</p>.<p>This eliminates the need for branch visits or physical paperwork, delivering a user-friendly and secure experience across all touchpoints, it said. </p>
<p>New Delhi, NBFC firm L&T Finance Ltd (LTF) on Monday announced the completion of the transfer of the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL), marking a foray into gold loan finance.</p>.<p>With the acquisition of PMFL, a wholly-owned subsidiary of Paul Merchants Ltd, LTF gets 130 branches, approximately 700 employees, and the business transfer of its gold loan book size of Rs 1,350 crore.</p>.<p>Earlier this calendar year, LTF announced the proposed acquisition of gold loan business undertaking of PMFL, marking its entry into the gold loan business, the NBFC said in a statement.</p>.<p>The gold loan franchise will be an addition to LTF's portfolio of secured loan products, it said.</p>.<p>Poonawalla Fincorp launches fully digital business loans for MSMEs Poonawalla Fincorp on Monday announced the launch of business loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs).</p>.<p>This innovative offering provides instant approval with a risk-first approach and flexible repayment options, the NBFC said in a statement.</p>.<p>Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model, it said.</p>.<p>This eliminates the need for branch visits or physical paperwork, delivering a user-friendly and secure experience across all touchpoints, it said. </p>