HDFC Bank teams up Ashv Finance with to enhance lending

11 Jun 2024 CW Team

HDFC Bank, a prominent as initiated a collaborative effort with Ashv Finance, a non-banking financial company affiliated with the Aavishkaar Group, specialising in impact investing. This initiative aims to improve credit accessibility for micro and small enterprises (MSEs).

Under this agreement, Ashv Finance will extend unsecured business loans, ranging from Rs 2 million to Rs 5 million, to eligible MSEs. Repeat customers may qualify for loans up to Rs 7.5 million. The loan terms will vary from 12 to 36 months.

Nikesh Kumar Sinha, the Managing Director of Ashv Finance, praised the partnership, emphasising that it validates their data-driven approach to underwriting MSME businesses. He highlighted that this collaboration contributes to the 'Make in India' initiative by offering credit to MSMEs nationwide.

These unsecured business loans are tailored to support various aspects of MSME operations, including infrastructure investments, working capital needs, acquisition of new equipment, technology integration, and covering overhead expenses like salaries, rent, and office costs.

To be eligible for these loans, MSMEs must have a minimum operational history of three years, with an annual turnover ranging from Rs 30 million to Rs 1billion. They are also required to furnish GST and income tax returns for the preceding three years.

Raveesh Bhatia, the Group Head of the Emerging Corporates Group at HDFC Bank, expressed confidence in the partnership, stating that it aims to enhance financial inclusion for underserved customers, empowering individuals and businesses to achieve their goals.

Ashv Finance has been actively seeking co-lending partnerships to strengthen its MSME lending capabilities.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..