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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..