Venlo, a neo-banking platform, has launched a UPI-powered app to provide faster cross-border payment experience for users. The app enables users, including expats and immigrants […]
Category: BFSI
RBI brings out norms for outsourcing of IT services
The Reserve Bank of India on Monday released master directions for the outsourcing of IT services by banks and non-banks that ensure that regulated entities […]
Retail loan securitisation rises 56% to Rs 1.76 lakh cr in FY23
Retail loan securitisations jumped a robust 56 per cent to Rs 1.76 lakh crore in the just concluded fiscal 2023, while that of wholesale rose […]
CVC asks banks, govt depts to send factual report on corruption complaints in one month
The Central Vigilance Commission (CVC) has asked public sector banks, insurance companies and government departments to provide factual reports on corruption complaints sent to them […]
SBI looks to raise up to $2 billion in FY24 via overseas bond sales
State Bank of India (SBI), the country’s biggest government-owned entity by market capitalisation, Monday said it plans to garner up to $2 billion in FY24 […]
Arohan Financial Services raises Rs 730 crore in share sale to private equity investors
Microfinance company Arohan Financial Services has raised Rs 730 crore in a share sale to private equity investors in one of the largest fund raises […]
End of ECB tax breaks a GIFT for Gujarat Financial Centre
As a decade of tax breaks offered by India to encourage overseas borrowing ends, Gujarat International Finance Tec-City (GIFT City) could take centre stage for […]
NARCL to step up acquisitions of distressed assets in FY24
The government-promoted National Asset Reconstruction Co Ltd (NARCL) will step up the pace on the acquisition of distressed assets this fiscal year even though it […]
FY’23 loan growth at 11 year high despite steep hike in lending rates
Credit growth continued to outpace deposit growth in FY’23 at an eleven year high even as banks have transmitted fully -250 bps – their lending […]
G20 development banks panel may list priorities at September meet
The G20 expert group on strengthening multilateral development banks (MDBs) may present some priority areas with timelines for consideration at the leaders’ summit in September. […]