Sumitomo Mitsui Banking Corporation (SMBC) of Japan has received in-principle approval from the Reserve Bank of India (RBI) to establish a wholly owned subsidiary (WOS) […]
Category: BFSI
PhonePe launches ‘Bolt’ to enable one-click card payments
PhonePe Payment Gateway (PhonePe PG) has launched PhonePe PG Bolt for Visa and Mastercard credit and debit card transactions, aiming to simplify and secure in-app […]
NUCFDC powering UCBs with accessible modern technology
How does NUCFDC support financial inclusion through UCB modernization? NUCFDC’s fundamental purpose is to make Urban Cooperative Banks future-ready while preserving their community-first mission. Under […]
Karnataka Bank adds Khajane-2 payments to its online banking platform
Karnataka Bank has introduced the Khajane-2 government receipts facility on its internet banking platform, enabling customers to make payments related to Karnataka state government services […]
5paisa Capital delivers strong profit growth in Q3 FY26
5paisa Capital Limited has reported improved financial performance for the quarter ended December 31, 2025, with its consolidated profit after tax rising to Rs 12.3 […]
Karur Vysya Bank expands Maharashtra presence with new Pune branch
Karur Vysya Bank (KVB) has strengthened its presence in Maharashtra with the inauguration of a new branch in Pune’s Sahakar Nagar. The opening marks an […]
ICICI Bank takes full control of ICICI Prudential Pension Fund
ICICI Bank Limited has completed the acquisition of 100 per cent equity in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential […]
Arrowhead raises $3 Mn for BFSI Voice AI
Arrowhead has raised $3 Mn (Rs 27 crore) in its seed funding round led by early-stage venture capital firm Stellaris Venture Partners. The round also […]
How agentic AI can power workforce training in banking
Inside most banks, the story is familiar: workforce training is mandatory and often checkbox-driven. Employees are told to “finish this course in a week”, because […]
Bank of India Mutual Fund launches BFSI-focused equity scheme
Bank of India Mutual Fund has launched the Bank of India Banking & Financial Services Fund, a specialised open-ended equity scheme designed to generate long-term […]