NBFC Stock Standard Capital Markets Partners With Fintechs To Enter Into Educational Business Segment

On Monday, Standard Capital Markets Limited announced a partnership with fintechs to provide loans for education. Standard Capital Markets Limited will be able to provide competitive loan options that are specifically targeted to the needs of students by utilising the fintech company's cutting-edge platform and knowledge of student finance through this strategic relationship. Financial limitations won't prevent students from acquiring a top-notch education because the loans will pay for living expenses, tuition, and other educational fees.

They will offer tools and resources to assist families and students in making well-informed decisions on how to pay for their education as part of their collaborative endeavour. This includes workshops on educational loans, assistance in budgeting, and advice on financial planning.

The smooth digital experience the collaboration provides for students is one of its main benefits. Students may simply apply for loans online, check the status of their applications, and manage loan payments through an easy-to-use interface by utilising the fintech company's technology.

"One of the key advantages of this collaboration is the seamless digital experience it offers to students. By leveraging the fintech company's technology, students can easily apply for loans online, track their application status, and manage their loan repayment through a user-friendly platform. This eliminates the hassles of traditional loan processes and streamlines the entire experience for students," said Standard Capital Markets in a regulatory filing.

Additionally, the partnership will give borrowers access to thorough financial counselling, enabling them to manage their debt responsibly and make wise financial decisions.
"Standard Capital Markets Limited remains dedicated to supporting the educational aspirations of students," says Mr. Ram Gopal Jindal, MD. "We believe that this partnership will play a crucial role in shaping the future of student financing. As part of our commitment INR 10 Million worth of loans has already been disbursed to 150 students. The collaboration aligns with our mission to empower students with the means to achieve their academic goals and build successful careers".

Those who are interested can visit Standard Capital Markets Limited's website for additional details about the educational loan options made available through this arrangement, or they can call their customer service numbers to get particular guidance and assistance.

Recently on 08th May 2024 the Board of Directors of the company announced the incorporation of a subsidiary company i.e. Standard Insurance Broking Limited and also appointed M/s Virender Kumar & Associates as Secretarial Auditor of Standard Capital Markets Limited with immediate effect, as recommended by the Audit Committee of the company.

In the special trading session on Saturday, the shares of Standard Capital Markets ended at a 5% upper circuit limit at Rs 1.61 apiece.