DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately nine per cent in Bengaluru-based non-banking financial company Techfino Capital Private Limited (TCPL).
Techfino provides customised consumer loans in education and healthcare sectors, and is present in key metros and tier II cities across India, the private sector bank said in a statement.
Financial details of the transaction were not disclosed.
"The funds raised will be used in enhancement of current tech stack apart from on-lending to customers," the statement added.
Mumbai Special Court Sentences Malad Man To 10 Years Of Rigorous Imprisonment For Kidnapping, Raping Mentally Challenged Woman
Mumbai Sessions Court Convicts Kandivali Scrap Dealer In 2013 Gas Cylinder Fire Case; Sentences Him To 1-Year Jail For Negligence
Mumbai Crime: Uniformed Policeman Arrested For Obscene Act With Differently-Abled Woman At Public Garden In Tardeo
Navi Mumbai Fraud: 5 Aspiring Women Pilots Cheated Of ₹2.39 Crore; FIR Against Kharghar Aviation Academy
