InPrime Finserv has raised $3 million in Series A round led by Matrix Partners India. The round also saw participation from existing investors, InfoEdge Ventures, […]
Category: BFSI
FIDC releases its vision document and Code of Conduct for NBFCs
The Board of Directors for the Finance Industry Development Council (FIDC) has released its vision document and Code of Conduct today, a statement from FIDC […]
Centre appoints Rajay Kumar Sinha as IRDAI’s finance member
The Centre has appointed Rajay Kumar Sinha as the Whole-Time Member (Finance and Investment) of the Insurance Regulatory and Development Authority of India (IRDAI) for […]
RBI revises guidelines for Small Finance Banks
The Reserve Bank has raised the minimum capital requirement for Small Finance Banks (SFBs) to Rs 200 crore and permitted payments bank to upgrade as […]
Hitachi Payment Services acquires Writer Corporation’s cash management business
Hitachi Payment Services yesterday acquired Writer Corporation’s cash management business and unveiled its new name – Hitachi Cash Management Services, in line with Hitachi’s single […]
RBI asks Federal Bank to submit new names for CEO’s post
The Reserve Bank of India (RBI) has asked Federal Bank to submit a fresh proposal comprising two fresh names for the position of Managing Director […]
Decentro launches two new modes for Bank Account Verification
Decentro has launched its penniless Bank Account Verification (BAV) API. It aims to help enterprises save over five to 10 man hours and close to […]
Anupam Kaura to join Kotak Mahindra Bank as CHRO
Kotak Mahindra Bank has appointed Anupam Kaura as its Chief Human Resources Officer (CHRO). Prior to this, Kaura was working as the global HR Chief […]
REC and Bank of Baroda sign MoU to finance power, infrastructure and logistics projects
REC, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with Bank of Baroda today. […]
RBI releases notification for dividend declaration by banks
The Reserve Bank of India (RBI) yesterday came out with a notification on declaration of dividend by banks and remittance of profits to head office […]