Svasti Microfinance raises Rs 47.5 cr

Mumbai, Mar 17 (PTI) Svasti Microfinance on Tuesday announced a Rs 47.5 crore fundraise including equity and subordinated debt from Adar Poonawalla, Abler Nordic, and Rajiv Dadlani group.
     The company is targeting to expand its assets under management to Rs 1,400 crore by March 2027, as per an official statement.
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    Axis Finance implements AI-led quality monitoring framework
     Axis Finance on Tuesday announced that it has implemented an artificial intelligence-led quality monitoring framework for its collection calls.
     The efforts are aimed at improving customer protection, strengthening compliance, and reinforcing fair, transparent and responsible communication during repayment interactions, as per an official statement.
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     Jio Payments Bank on Tuesday introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints.
     Customers can withdraw cash by simply scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or access to traditional ATM infrastructure, as per an official statement.
    
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    Finnish smart ring maker Oura on Tuesday announced an entry into the Indian market.
    The rings, which will compete with players like the homegrown Ultrahuman, will be available at Croma and Amazon initially, as per an official statement.

(This story has not been edited by THE WEEK and is auto-generated from PTI)