The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report […]
Category: BFSI
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]
IDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users
Private sector lender IDFC First Bank has partnered with the association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to provide digital microfinance […]
India’s Largest Retail Finance NBFC is Here – Shriram Finance Limited. Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance
Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and […]
India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3
India logged 23.06 billion digital transactions worth Rs 38.3 lakh crore in the third quarter of FY23, stated a report on Monday. These digital transactions […]
RBI response sought on PIL seeking uniform banking code for forex transactions
The Delhi High Court on Monday sought the response from the Reserve Bank of India on a public interest litigation seeking uniform banking code for […]
SBI’s personal banking advances excluding home loans cross Rs 5 lakh-cr mark
State Bank of India’s (SBI)’s non home loan retail book has surpassed the milestone of Rs. 5 lakh crore, growing over Rs 1 lakh crore […]
Paperless home loans may become a reality soon
The Ministry of Electronics & Information Technology’s (MeitY) recent push to digitise several new types of contracts may soon make paperless home loans a reality, […]
Centrum Housing Finance to pay Rs 112 crore to buy Natrust’s business
Centrum Housing Finance will pay Rs 112 crore to buy the business of National Trust Housing Finance (Natrust). Both the companies have entered into a […]
Banks have ceded UPI space to nonbanking sector: RBI Dy Guv
Banks have ceded the unified payments interface space to non-banks, Reserve Bank of India deputy governor T Rabi Sankar has said. Sankar also said the […]