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At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner. It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

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Kotak Mahindra Capital Company (KMCC) helps leading Indian corporations, banks, financial institutions and government companies access domestic and international capital markets. KMCC has the most current understanding of investor appetite, having been the leading book runner/lead manager in public equity offerings in the period FY 2002-06.

Loansdirect is initiated by group of experienced persons and started its operations in Chennai. The team was engaged in the financial services from the past 15 years and operated DSAs/DMAs for many banks. During the tenure, the team found gaps between prospective customer and bank services, which made to think further to provide qualitative & appropriate services to our valuable customer. Now, Loansdirect.in is now into online services for retail loans in India and guides you with required information on all Bank Loans. Ours web portal, not only provides information on loans, but also developed supportive systems in loan comparison, market updates and directory of lenders. Customers are busy with their day to day commitments either at home or at work place and we knows that you are not having time to spend at banks. Moreover, thanks to our globalization, now everything is possible at one click.

People-Lend is a peer-to-peer lending platform which allows borrowers to avail loans from investors at rates commensurate with their Risk Class. Investors get an opportunity to earn up to 30% on their investments. Being a technology enabled digital platform, the entire process is quick and simple. Traditionally, banks and financial institutions would collect funds from people in the form of deposits at lower rates and disburse loans at comparatively higher interest rates. Peer-to-Peer lending by the virtue of removing these intermediary institutions, can offer an opportunity for investors to make higher returns and borrower to get cheaper loans.

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