Page 22 - Banking Finance April 2025
P. 22
PRESS RELEASE
India Exim Bank along with Asian Development Bank (ADB), Japan
International Cooperation Agency (JICA) helps Shriram Finance
Limited (SFL) raise USD 306 mn
Export-Import Bank of India (India Exim Bank) is happy to announce successful participation in fund raising of USD 306
mn by Shriram Finance Limited (SFL) along with co-financers Asian Development Bank (ADB) and Japan International
Cooperation Agency (JICA). India Exim Banks loan is intended to support MSMEs with an export orientation. This is the
first time three development financial institutions viz. India Exim Bank, ADB and JICA have come together to finance a
private sector deal.
Speaking on the occasion, Ms. Trupti Mhatre, General Manager, India Exim Bank, stated, we are happy to be a part of
this collaboration. This funding will help SFL identify and support more such MSMEs, among others, who are exporting
various goods and services from India. She also mentioned about India Exim Banks Trade Assistance Programme (TAP)
under which the Bank has identified 73 countries across continents for supporting Indias trade.
Under TAP, the Bank supports various trade instruments, including LC confirmation and negotiation. It also provides credit
enhancement to Indian partner banks by way of issuing SBLCs and Risk participation. TAP will help SFLs clients to unlock
the export potential and diversify its export destination.
Rupee112 Launches Indias First Fully Automated WhatsApp Loan
Disbursal, Redefining Instant Lending
Rupee112, a fast-emerging leader in
the fintech space, has launched a
groundbreaking innovation by
introducing Indias first fully automated
loan disbursal service through
WhatsApp. This cutting-edge solution
transforms traditional lending by leveraging AI and ML technologies to provide a fully digital, paperless, and lightning-
fast loan experience for salaried professionals.
This innovation allows borrowers to access unsecured loans ranging from ?5,000 to ?1,00,000 directly through WhatsApp,
without the need for cumbersome paperwork or lengthy processes. Customers simply initiate their loan application journey
by messaging Rupee112s official WhatsApp number at +91 78400 49929. The platform then verifies their details in real
time and disburses funds into their bank accounts within minutes, creating an effortless and intuitive financial solution.
What sets Rupee112 apart is its advanced AI-powered lending system, which ensures rapid verification, secure processing,
and unmatched efficiency. This innovation eliminates the friction typically associated with loan applications, making
financial assistance accessible, inclusive, and available on a platform that millions of Indians use daily.
Mr. Vikkas Goyal, Founder of Rupee112, said. Technology has always been at the core of what we do, and the introduction
of WhatsApp loan disbursal is another step toward making financial services more accessible and inclusive. By integrating
automated loan disbursal with WhatsApp, were not just meeting customer needswere anticipating them. This
innovation reflects our commitment to delivering smarter, faster, and more accessible solutions that empower salaried
professionals in real-time."
The WhatsApp loan feature is a testament to Rupee112s relentless pursuit of innovation in the fintech space. By combining
AI and machine learning with the convenience of messaging apps, Rupee112 is reshaping the financial services landscape
in India.
20 | 2025 | APRIL | BANKING FINANCE
