New Delhi, Oct 3 (PTI) Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of the Groww Group, has been assigned an 'A/A1' (stable) rating by ICRA.

The rating indicates strong capital position, liquidity and asset quality of the lending entity.

Also Read | PM Internship Scheme 2024 to Launch Today: From Eligibility Criteria to How to Apply, Here’s All You Need to Know.

GCS commenced its operations in April 2023 by offering unsecured loans and launched its consumer durables lending business in Karnataka and Tamil Nadu in December 2023.

GCS has launched a dedicated app - Groww Credit to enhance its services and deliver a seamless experience to its customers, the company said in a statement.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for October 3 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

ICRA's A/A1 rating for GCS is supported by its position as part of the group, Groww Co-founder Harsh Jain said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)