In response to the rising cost of funds, three major public sector banks- Bank of Baroda (BOB), Canara Bank and UCO Bank have increased their […]
Category: BFSI
Bandhan Bank appoints Manoj Batra as Head of Product and Process for Government Business Group
Bandhan Bank has appointed Manoj Batra as the new Head of Product and Process for its Government Business Group. In this key leadership role, Batra […]
Jai Kisan secures NBFC licence, expands financial offerings to rural India
Rural-focussed FinTech startup Jai Kisan has broadened its financial services by acquiring a Non-Banking Finance Company (NBFC) licence. This development follows the company’s acquisition of […]
Prest Loans reports financial turnaround with significant growth in FY’24
Prest Loans has reported a transformative financial performance for the fiscal year ending 31st March, 2024. The company has witnessed substantial growth and profitability across […]
Agriwise appoints Jasoda Gulliya as Head – Strategic Alliances and Partnerships
Agriwise has announced the appointment of Jasoda Gulliya as Head – Strategic Alliances and Partnerships. In her new role, Gulliya will be instrumental in onboarding […]
RBI announces four major updates on UPI, cheques and digital lending
The Reserve Bank of India (RBI) has rolled out a new feature for UPI called ‘Delegated Payments,’ which allows the primary account holder to authorise […]
Ageas Federal Life Insurance partners with PhonePe to enhance life insurance access
Ageas Federal Life Insurance has partnered with PhonePe to offer instant term insurance to its extensive customer base. This collaboration positions Ageas Federal Life Insurance […]
IREP Credit Capital and AllCloud join forces for MSME lending innovation
IREP Credit Capital, a leading non-deposit taking Non-Banking Financial Company (NBFC-ND) dedicated to provide financial services to Micro, Small and Medium Enterprises (MSMEs), and AllCloud […]
RBI sets new rules for cooperative banks’ bad debt reserves
The Reserve Bank of India (RBI) has released new guidelines for the prudential treatment of Bad and Doubtful Debt Reserve (BDDR) by cooperative banks. The […]
RBI approves re-appointment of Inderjit Camotra as Unity SFB Chief for two years
The Reserve Bank of India (RBI) has given the green light for Inderjit Camotra to continue as Managing Director (MD) and Chief Executive Officer (CEO) […]