TraceX Technologies

Photo: Zee Business

TraceX Mints $1 Mn In Pre-Series A Funding

In the pre-series A funding, TraceX, an agritech startup company, raised $1 million, which is approximately Rs 7.5 crore. The pre-series A funding was led by Nabard-backed NABVENTURES fund. "The newly raised capital will be used towards scaling up operations across geographies in India," said TraceX in a statement. TraceX is led by a blockchain-powered traceability platform that enhances supply chain and maximises long-term value for… read-more

Thu, 07 Apr 2022 - 09:05 PM / by Shibu Immanuel S

Tags: TraceX, Agritech, Startup, Series A Funding, NABARD

Courtesy: Live Mint

Representative image of RRB

Photo: Banking Frontiers

Regional Rural Banks Face 3 Times Higher Loss Than Previous Fiscal Year

National Bank for Agriculture and Rural Development informed that Regional Rural Banks faced a net loss of Rs 2,206 crore in fiscal year ended March, 2020. Reportedly, the loss is 3.38 times higher than FY19, which was Rs 652 crore. It also revealed RRBs witnessed a growth of 8.6% in their business as compared to 9.5% in FY19 and their outstanding loans stood at Rs 2.98 lakh crore for FY20.

Sun, 04 Oct 2020 - 03:28 PM / by Mahadevan K V

Tags: NABARD, RRB, Loans, Debts

Courtesy: Deccan Herald