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Indian Infotech and Software Board of Directors Approves Foray into Personal Lending Industry

At the meeting of February 18, 2021

Indian Infotech and Software’s Board of Directors, at its meeting held on February 18, 2012, considered exploring the RETAIL LOAN business opportunities, as the company will begin to explore avenues such as gold lending. , motor vehicle loan, household appliance loan, etc. The necessary documents are working and compliance will be completed until March and the company will be able to start providing the retail loan from April 2021, i.e. from the new fiscal year 2021-2022.

The board of directors also approved fundraising up to Rs 250 crore for his business in retail finance.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Thu February 18, 2021. 6:43 PM IST

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