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Kinara Capital to focus on embedded finance

MPC Poll: RBI to leave key interest rates unchanged in June monetary policy, say economists, bankers

The six-member Monetary Policy Committee of the RBI will meet from June 5 to 7 to decide on interest rates.

Kinara Capital releases FY24 financial year results; records 9th consecutive year of profitability

PRNewswire Bengaluru Karnataka [India] May 16 Kinara Capital India fast-growing fintech driving MSME financial inclusion today reported its FY24 financial year results marking it as the organization 9th consecutive year of profitability Closing the year with profit after tax PAT of INR 62 crores a 51 year-over-year YoY jump has further demonstrated the viability of Kinara unique business model of blending technology with omnichannel customer service In FY24 Kinara Capital marked YoY revenue growth of 47 with revenues totaling INR 723 crores while the operational expenses OpEx as a percentage of the AUM decreased by 32 thus further boosting the annual profits Kinara Capital loan book grew by 26 in FY24 YoY with its year-end assets under management AUM recorded at INR 3142 crores Specializing in providing formal credit without property collateral to support India small business entrepreneurs Kinara Capital is purposefully focused on financial inclusion of the micro-small-medium-enterpris

Kinara Capital FY24 results: 9th consecutive year of profitability; PAT jumps 51%

Weekly Musings – Big start-up updates for the week to May 03, 2024