Paytm claims that it processed loans worth Rs 550 crore to over a lakh merchant partners in the last financial year.

Europe has enormous potential in terms of solar capacity and the market is expected to witness the commissioning of new solar PV capacities of about 7 GW each year and emerge as a 28 GW market by 2023.

Stateowned Bank of Maharashtra has reduced its repo linked lending rate (RLLR) by 15 basis points to 6.90 per cent. The lender's retail and MSME loans are linked to RLLR. The new rates are effective from November 7. Reduction in RLLR makes our home loan, car loan, gold loan, education loan, personal loan along with MSME loans more attractive and affordable, bank's executive director Hemant Tamta said in a release. Earlier ahead of the festive season, the bank had also announced processing fee waiver on home, car and gold loans. With this downward revision in RLLR, home loan rates start at 6.95 per cent (0.05 per cent concession to woman and defence personal), car loan rates start at 7.55 per cent and gold loan rates at 7.35 per cent, the bank said. Bank of Baroda also reduced its RLLR by 15 basis points (bps) to 6.85 per cent from November 1.

In the industrial business, Kadam said that railways is a strong sector and they have a clear strategy to increase their share in the sector.