SME-focused business financial platform Tide looks to onboard 5 lakh MSMEs to reach 10 lakh members by December 2025 on the back of new AI-powered solutions, a top company official said on Thursday.Tide has crossed 5 lakh MSMEs (members) on its platform within two years after its market entry, Tide in India CEO Gurjodhpal Singh said in a statement.Our goal is to welcome another 500,000 small businesses to Tide by December 2025. To make this happen, we’re expanding our range of financial tools using advanced technology to tackle the latest business challenges, Singh said.We’re focusing on smarter AI-powered financial insights, stronger connections with India’s growing digital payment systems, and new features to make managing finances and admin even easier, he added.Tide plans to offer new products like savings and investments, tailored insurance plans, easy access to formal credit, simplified Udyam registration, hassle-free GST filing and advanced payment acceptance solutions.
Read moreFinance Minister Nirmala Sitharaman faces significant challenges as she prepares to present the Union Budget in just over three weeks. India Inc has submitted a set of recommendations, emphasising the need for simplified taxation, increased capital
IREDA Q3 Results: Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago
Get latest articles and stories on Latest News at LatestLY. State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction
Indian Overseas Bank Unveils Mega NPA Sale Indian Overseas Bank (IOB), a state-run lender, announced on Thursday its decision to sell a substantial amount of non-performing assets totaling Rs 11,500 crore. The move invites asset reconstruction
Lending in the last fortnight of 2024 outpaced deposit growth, with credit growing 11.16% year-on-year compared to deposits rising by 9.8%. Banks are facing challenges in raising deposits despite increased rates, due to competition from