Announced Tue, 20 Jan · 18:48 IST

Press Release with respect to entering in to Strategic Digital Lending Partnership with Rajasthan Financial Services Delivery Limited.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mega Corporation, an NBFC, has signed a strategic partnership with RFSDL, a Government of Rajasthan undertaking, to offer Earned Salary Access (ESA) and Earned Pension Access (EPA) products to state government employees and pensioners. Mega will act as the regulated digital lender, providing short-term and medium-term credit through its proprietary digital platform with end-to-end processes for onboarding, credit assessment, disbursement, repayment, and grievance redressal. All lending will follow RBI's Digital Lending Guidelines and applicable data-protection standards. The partnership gives Mega access to a large, stable borrower base with payroll/pension-linked recoveries, and the model is designed to be scalable across other departments and future government-linked programs. The company expects a positive medium-to-long-term impact on its loan book, digital lending revenues, and operational efficiencies, though exact numbers will depend on adoption and disbursement volumes.

Likely market impact

Positive medium-to-long-term signal — the partnership opens a new government-backed borrower pool with low credit risk (salary/pension deductions), supporting loan book growth and strengthening Mega's digital lending vertical. Near-term impact on stock price may be limited as financials depend on actual adoption and disbursement volumes.