RattanIndia Enterprise plans tie-up with Fintech companies; stock skyrockets ~10%

14 Mar 2022 , 04:12 PM

On Monday, RattanIndia Enterprises Ltd.’s stock remained steady throughout the day and ended on a higher note with a gain of 9.98%. This spurt in its stock was followed by the recent developments shared by the company that it is seeking tie-ups with banks by the end of next fiscal. The company has recently entered the fintech business.

The company’s Fintech platform currently has an arrangement with 21 banks and financial firms to offer loan products.

The company stated in its press communication that it plans to cover all the banks by the end of the next financial year so that customers could have access to loan products from all the banks.

Rattan stated that adding more products would be onboarded going forward because it strives to make a fuller marketplace for all financial products.

Customers can conveniently log on to their app or website and upload requisite documentation digitally to experience output in real-time.