Crisil Completes ₹332.5-Million Stake Buy In Online PSB Loans

Crisil Ltd. has completed the acquisition of a minority stake in Online PSB Loans Ltd. for ₹332.5 million, the ratings agency said in a press release on Thursday. Crisil had announced its investment plans in the company in December.

Online PSB Loans is a digital credit infrastructure firm that facilitates loans to micro, small and medium enterprises and retail borrowers by integrating artificial intelligence and analytics. Its current shareholders include public and private banks, credit bureaus, and government entities.

The MSME credit ecosystem is being digitalised and formalised through both government and private initiatives, Crisil CEO Amish Mehta said.