Karnataka Bank Partners with Navi Tech for UPI Credit Line

28 Aug 2024 CW Team

Karnataka Bank, in collaboration with Navi Technologies, has introduced a new credit line on the Unified Payments Interface (UPI) platform, marking a significant step in expanding digital lending services. This partnership enables customers to access instant credit directly through UPI, providing them with a more convenient and efficient way to manage short-term financial needs.

The credit line feature will allow users to make UPI transactions even if they do not have sufficient balance in their bank accounts. Instead, they can draw from their approved credit limit, making it easier to handle emergencies or everyday expenses without delays.

Karnataka Bank aims to enhance customer experience through seamless digital banking solutions, and this new service aligns with its strategy of leveraging technology to drive financial inclusion. Navi Technologies, a leading fintech company, brings its expertise in digital lending and credit management to the partnership, offering customers a smooth onboarding process and access to real-time credit decisions.

This UPI-based credit line is expected to attract a wide user base, especially among tech-savvy consumers looking for quick and hassle-free credit options. The service reflects the growing trend of banks partnering with fintech firms to develop innovative financial products tailored to modern consumer needs.

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..