Paytm Payments Bank Limited (PPBL) on Wednesday went live with its UPI LITE, a feature enabled by National Payments Corporation of India for multiple small-value […]
Category: BFSI
Goldman Sachs leads India fintech funding while deals dry up
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will […]
Payment aggregators acting as loan service providers cannot handle funds between the lender and the borrower
The Reserve Bank of India in a set of FAQs on digital lending guidelines has clarified that payment aggregators acting as loan service providers (LSP) […]
ICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater to the banking needs of […]
Kotak Bank arm raises USD 590 mn fund for data centre investments in India
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 590 million (about Rs 4,885 crore) for investments in the data centres […]
Digital lending to pip traditional lending in unsecured loans segment by 2030: Report
Fintechs will fuel digital lending over the next seven years, and take it ahead of traditional lending by 2030 in the unsecured loans category, a […]
Billionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with […]
Total exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in […]
RBI cancels registration of two entities for regulatory lapses
The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) – Pune-based Kudos Finance and Investments […]
RBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff
The Reserve Bank of India (RBI) and Yes Bank have moved the Supreme Court against a Bombay High Court order that had set aside their […]