CURRENT AFFAIRS

Detailed explanation-1: -Digital payments player Paytm on Tuesday partnered non-banking financial company Clix Finance to offer instant digital loans to customers and merchants on its platform.

Detailed explanation-2: -Clix Finance India Private Limited is a non-banking financial company that offers various products in Commercial and Retail lending, which includes Vehicle Leasing, Industrial Equipment, Health Equipment, and Corporate Loan.

Detailed explanation-3: -Clix Capital, a non-banking financial services group which claims to have a pan-India presence, has announced its appointment of Gagan Aggarwal as its CFO from November 8, 2022.

Detailed explanation-4: -CCSPL is a Non-Banking Financial Company registered with, and regulated by, the Reserve Bank of India (“RBI”) and is in the business of extending various credit facilities to different types of customers, which include, Partnership Firms, Companies and other Corporate/Legal Entities.

Detailed explanation-5: -Tezzract is a MSME focused fintech (private limited) company, engaged in sourcing of term loans to MSME borrowers across India. Clix Capital Services Private Limited (“Clix Capital”) & Tezzract Private Limited, under their joint strategic partnership, are offering secured and unsecured loan products to MSME Customers.