Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Sanjay Nayar's Sorin Investments, Lightspeed lead Rs 100 crore funding in Shivalik Small Finance Bank
MSME & Udhyam
Shivalik Small Finance Bank announced securing Rs 100 crore in equity funding led by Lightspeed and Sorin Investments, with participation from existing investors Accel and Quona. The capital infusion aims to bolster its technological infrastructure, expand its team, and enhance product offerings, focusing on small businesses and underserved segments. \r
Anshul Swami, Managing Director and CEO, emphasized leveraging digital banking to reach MSMEs and retail customers in 'Bharat', underscoring partnerships as key to their strategy. Founded in 1998, the bank transitioned from an urban cooperative to the first small finance bank in India. \r
It serves over 8 lakh customers through 175 branches across several states, emphasizing secured lending and a hybrid model of physical and digital channels.
