Poonawalla Fincorp Ltd Share Price – NSE  / BSE

Finance, Small Cap

Poonawalla Fincorp has launched an education loan business focusing on students pursuing higher education in international universities. As part of this launch, the company has also announced an industry-first initiative of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers.

Features of the new education loan:

• Loan up to Rs 3 crore with collateral: Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals

• Loan up to Rs 1 crore: Option available with zero collateral

• Instant Sanctions: An industry-first initiative for loan up to Rs 75 lakh, ensuring faster decision-making process

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Poonawalla Fincorp has launched PL Prime Digital 24x7, an industry first fully end-to-end digital personal loan offering designed to meet the needs of salaried professionals seeking quick and convenient access to credit.

 This industry-first financial product is set to redefine the personal lending segment by offering a seamless and instantaneous borrowing experience around the clock to salaried professionals of prime corporates. The PL Prime Digital 24x7 Loan enables eligible customers to bypass traditional loan processes and avail loans up to Rs 15 lakh in just 15 minutes through a completely paperless process. It also provides the flexibility to choose longer EMI tenures and comes with a zero collateral requirement. The PL Prime Digital 24x7 will be available on the company's mobile app, website and with authorised partners.

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Poonawalla Fincorp has received credit ratings from Brickwork Ratings India as under:

Proposed NCD (Rs 50 crore) - BWR AAA/Stable (assigned)
Secured NCD (Rs 4.71 crore) - BWR AAA/ Stable (upgraded)
Subordinated NCD (Rs 110 crore) - BWR AAA/ Stable (upgraded)

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Poonawalla Fincorp has launched PL Prime Digital 24x7, an industry first fully end-to-end digital personal loan offering designed to meet the needs of salaried professionals seeking quick and convenient access to credit.

 This industry-first financial product is set to redefine the personal lending segment by offering a seamless and instantaneous borrowing experience around the clock to salaried professionals of prime corporates. The PL Prime Digital 24x7 Loan enables eligible customers to bypass traditional loan processes and avail loans up to Rs 15 lakh in just 15 minutes through a completely paperless process. It also provides the flexibility to choose longer EMI tenures and comes with a zero collateral requirement. The PL Prime Digital 24x7 will be available on the company's mobile app, website and with authorised partners.

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Poonawalla Fincorp has received credit ratings from Brickwork Ratings India as under:

Proposed NCD (Rs 50 crore) - BWR AAA/Stable (assigned)
Secured NCD (Rs 4.71 crore) - BWR AAA/ Stable (upgraded)
Subordinated NCD (Rs 110 crore) - BWR AAA/ Stable (upgraded)

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Poonawalla Fincorp is working with ServiceNow the AI Platform for business transformation and global digital workflow leader, to implement Generative AI-powered solutions aimed at enhancing audit and governance capabilities. This strategic collaboration will drive greater efficiency, automation, and compliance, reinforcing Poonawalla Fincorp's commitment to leveraging technology for operational excellence.

By integrating ServiceNow's AI-driven workflows, Poonawalla Fincorp will not only strengthen its risk management framework and streamline internal audits but also optimize governance mechanisms. This transformation will enhance the accuracy and reliability of audit outcomes, building trust with clients and regulatory bodies. Generative AI goes beyond analyzing existing data and aims to create new content for the auditors that resembles the patterns and characteristics of the data it was exposed to. These models learn patterns and features from large datasets, enabling them to generate new content which enriches the overall governance mechanism.

Powered by Capital Market - Live News

Poonawalla Fincorp has launched an education loan business focusing on students pursuing higher education in international universities. As part of this launch, the company has also announced an industry-first initiative of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers.

Features of the new education loan:

• Loan up to Rs 3 crore with collateral: Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals

• Loan up to Rs 1 crore: Option available with zero collateral

• Instant Sanctions: An industry-first initiative for loan up to Rs 75 lakh, ensuring faster decision-making process

Powered by Capital Market - Live News

Poonawalla Fincorp has launched PL Prime Digital 24x7, an industry first fully end-to-end digital personal loan offering designed to meet the needs of salaried professionals seeking quick and convenient access to credit.

 This industry-first financial product is set to redefine the personal lending segment by offering a seamless and instantaneous borrowing experience around the clock to salaried professionals of prime corporates. The PL Prime Digital 24x7 Loan enables eligible customers to bypass traditional loan processes and avail loans up to Rs 15 lakh in just 15 minutes through a completely paperless process. It also provides the flexibility to choose longer EMI tenures and comes with a zero collateral requirement. The PL Prime Digital 24x7 will be available on the company's mobile app, website and with authorised partners.

Powered by Capital Market - Live News

Poonawalla Fincorp has received credit ratings from Brickwork Ratings India as under:

Proposed NCD (Rs 50 crore) - BWR AAA/Stable (assigned)
Secured NCD (Rs 4.71 crore) - BWR AAA/ Stable (upgraded)
Subordinated NCD (Rs 110 crore) - BWR AAA/ Stable (upgraded)

Powered by Capital Market - Live News

Poonawalla Fincorp has launched PL Prime Digital 24x7, an industry first fully end-to-end digital personal loan offering designed to meet the needs of salaried professionals seeking quick and convenient access to credit.

 This industry-first financial product is set to redefine the personal lending segment by offering a seamless and instantaneous borrowing experience around the clock to salaried professionals of prime corporates. The PL Prime Digital 24x7 Loan enables eligible customers to bypass traditional loan processes and avail loans up to Rs 15 lakh in just 15 minutes through a completely paperless process. It also provides the flexibility to choose longer EMI tenures and comes with a zero collateral requirement. The PL Prime Digital 24x7 will be available on the company's mobile app, website and with authorised partners.

Powered by Capital Market - Live News

Poonawalla Fincorp has received credit ratings from Brickwork Ratings India as under:

Proposed NCD (Rs 50 crore) - BWR AAA/Stable (assigned)
Secured NCD (Rs 4.71 crore) - BWR AAA/ Stable (upgraded)
Subordinated NCD (Rs 110 crore) - BWR AAA/ Stable (upgraded)

Powered by Capital Market - Live News

Poonawalla Fincorp is working with ServiceNow the AI Platform for business transformation and global digital workflow leader, to implement Generative AI-powered solutions aimed at enhancing audit and governance capabilities. This strategic collaboration will drive greater efficiency, automation, and compliance, reinforcing Poonawalla Fincorp's commitment to leveraging technology for operational excellence.

By integrating ServiceNow's AI-driven workflows, Poonawalla Fincorp will not only strengthen its risk management framework and streamline internal audits but also optimize governance mechanisms. This transformation will enhance the accuracy and reliability of audit outcomes, building trust with clients and regulatory bodies. Generative AI goes beyond analyzing existing data and aims to create new content for the auditors that resembles the patterns and characteristics of the data it was exposed to. These models learn patterns and features from large datasets, enabling them to generate new content which enriches the overall governance mechanism.

Powered by Capital Market - Live News