BFSI Archives - Page 89 of 150 -

France gets India’s UPI, tourists can make payments in Rupees: PM Modi

14/07/2023
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India’s Unified Payments Interface (UPI) payment system will soon be available in France. Prime Minister Narendra Modi announced this on Thursday. PM Modi said that […]

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HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform

14/07/2023
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Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital currency (CBDC) […]

Reward points and freebies push credit card spends to record levels

13/07/2023
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Credit card usage has surged to a record, but what is driving it is not consumption, but the reward points and freebies associated with card […]

Vehicle loans outstanding rise 22 pc in May despite high interest rates

13/07/2023
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Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. […]

Satya MicroCapital raises Rs 53 crore in ECB from German bank

13/07/2023
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Microfinance company Satya MicroCapital raised about Rs 53 crore in external commercial borrowing from a German co-operative bank, which focuses on sustainable development. The deal […]

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Fintech

Pushing e-rupee payments using UPI infra on RBI’s agenda

12/07/2023
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In what is an ambitious e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 […]

BFSI

Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi Sankar

12/07/2023
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MUMBAI: The Reserve Bank of India, which is aiming for a million retail central bank digital currency (CBDC) transactions per day by the end of […]

Hindujas look to raise up to $1b to finance Reliance Capital acquisition

12/07/2023
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New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition […]