The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
What is the fastest growing thing in finance? SIPs? SIFs? Credit cards? Radhika Gupta answers
Women are emerging as the fastest-growing segment in India’s financial ecosystem, according to Edelweiss Mutual Fund CEO Radhika Gupta. Participation by women has surged across