.wp-block-surecart-product-media img { height: auto; max-width: 100%; } /* * This file is part of the Symfony package. * * (c) Fabien Potencier * * For the full copyright and license information, please view the LICENSE * file that was distributed with this source code. */ namespace Symfony\Component\String; if (!\function_exists(u::class)) { function u(?string $string = ''): UnicodeString { return new UnicodeString($string ?? ''); } } if (!\function_exists(b::class)) { function b(?string $string = ''): ByteString { return new ByteString($string ?? ''); } } if (!\function_exists(s::class)) { /** * @return UnicodeString|ByteString */ function s(?string $string = ''): AbstractString { $string = $string ?? ''; return preg_match('//u', $string) ? new UnicodeString($string) : new ByteString($string); } } TFCI plans to enter Short-Term Retail Lending segment, ET TravelWorld News, ET TravelWorld – Janmanch
March 14, 2026
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TFCI plans to enter Short-Term Retail Lending segment, ET TravelWorld News, ET TravelWorld

Janmanch03 mins

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Tourism Finance Corporation of India (TFCI), a non-banking finance company, on Monday announced its diversification into retail lending through FinTech platforms and its plans to establish an Alternative Investment Fund. “Partnering with FinTech companies to diversify in retail lending allows TFCI to tap vast credit opportunities in household and micro-small enterprises market segments, particularly the younger generation who expect quicker loan approvals and prefer the convenience of a digital lending platform. The digital lending business will bolster the company and its balance sheet,” a statement said. In the first quarter of FY25, TFCI raised INR 50.02 crore through a preferential issue of equity shares at an issue price of INR 225 per share. With capital adequacy of about 58 per cent, TFCI has enough headroom to expand the wholesale & retail loan book aggressively.

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Anoop Bali, Managing Director of TFCI, said, “this strategic move reaffirms our commitment to our long-term growth strategy. By deciding to tap into the fast-growing short-term retail lending through digital technology and to sponsor an Alternative Investment Fund, we are diversifying our offerings to add more sectors, driving our next growth phase.” TFCI provides finance through term loans and investment in debentures to the tourism/hospitality sector, social-infrastructure sector (with an emphasis on healthcare & educational institutions, green energy, warehousing & logistics), manufacturing sector and real-estate sector.

  • Published On Aug 20, 2024 at 06:45 PM IST

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