Page 24 - Banking Finance August 2024

PRESS RELEASE

Lark Finserv and Bajaj Capital Enters Into Strategic Partnership For

Loan Against Shares & Mutual Funds

Lark Finserv, a pioneer in digital lending solutions, is thrilled “Bajaj Capital is always focused on delivering value to its
to announce its partnership with India’s leading financial clients. With Lark Finserv, we are confident that their
institution Bajaj Capital, for the launch of its fully digital Loan innovative digital solutions will facilitate quick credit
Against Shares and Mutual Funds. enablement against investors' securities. Clients today want
With this innovative partnership, the service aims to fast and efficient loans against mutual funds, and Lark
empower investors by enabling them to easily access credit Finserv ensures timely access to funds for clients."
products through a seamless and efficient digital process Key Features of Lark Finserv’s Digital Loan Against
against their investment assets. Shares and Mutual Funds:
In today’s fast-paced financial landscape, Lark Finserv’s new Fully Digital Process: From application to disbursal,
offering stands out by providing a quick, transparent, and every step is conducted online, eliminating the need
hassle-free way for individuals to leverage their shares and for physical documentation.
mutual funds for instant liquidity. By integrating advanced Quick Approvals: Leveraging advanced algorithms,
technology and user-friendly processes, Lark Finserv ensures Lark Finserv offers rapid loan approvals, ensuring funds
clients can obtain loans with minimal paperwork and are available when needed.
maximum convenience.
Competitive Interest Rates: Clients benefit from
Commenting on this partnership, Rohit Pateria, Co-Founder attractive interest rates, making it a cost-effective
& CEO of Lark Finserv, said, “We are excited to introduce solution for meeting urgent financial needs.
our fully digital Loan Against Shares and Mutual Funds. Our
mission is to expand the ambit of the retail credit industry Flexible Loan Amounts: Loans are tailored to the value
by making loans against securities accessible to a broad of the shares and mutual funds, providing personalized
range of investors and new credit audiences alike. This new financial solutions.
service reflects our commitment to innovation and Secure Transactions: Robust security measures are in
customer-centricity. By leveraging technology and forming place to protect client information and ensure safe
strategic partnerships, we aim to provide our clients with transactions.
the financial flexibility they need, without the usual
complexities associated with traditional lending.” Lark Finserv enables clients of these platforms to access
funds against securities just in time, enhancing financial
“With our strategic collaborations with Bajaj Capital, we are flexibility and convenience. Lark Finserv invites all investors
sure to offer seamless digital integration,” added Pateria. to explore this new offering and experience the benefits of

Sanjiv Bajaj, MD & Joint Chairman of Bajaj Capital, said, a streamlined, digital lending process.

PNB signs MOU with India Infrastructure Finance Company Limited (IIFCL)
Punjab National Bank (PNB) and India Infrastructure Finance Company Limited (IIFCL), a wholly-owned Government of
India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects have signed a
Memorandum of Understanding at PNB Corporate Office in Dwarka, New Delhi. With this step, both the institutions will
collaborate to fund the infrastructure projects wherein the parties can mutually participate under consortium/multiple
lending arrangement to provide financial support to the prospective borrowers subject to due diligence and on case to
case basis.
A signing ceremony for the MOU took place, with Shri Atul Kumar Goel, MD & CEO of PNB, and Dr. Padmanabhan Raja
Jaishankar, MD of IIFCL. The occasion was graced by all Executive Directors of PNB, along with senior executives from both
PNB and IIFCL.
This MOU shall be a milestone in finding new avenues of lending to the infrastructure projects of the country and they
assured full participation from both sides in this endeavour.

22 | 2024 | AUGUST | BANKING FINANCE