A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency system by adopting liquid currencies, […]
Tag: bfsi
Money transfer: RBI mandates complete info about originator, beneficiary
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the […]
HDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24
HDFC Bank is likely to open more than 675 branches in semi-urban and rural geographies across the country, reported Reuters, citing a senior bank official. […]
Temasek set to invest $130 million in Niva Bupa for a minority stake
Singapore’s state investment firm Temasek has emerged as the front-runner to buy a minority stake for $120-130 million (about ₹985-1,070 crore) in health insurance company […]
RBI’s credit on UPI plan can create a win-win situation for all
India’s financial inclusion will soon add another successful case study. This time, the second iteration of India’s financial inclusion program is poised to connect millions […]
Willing to tie up with NPCI; GoI has been vital catalyst: Alfred Kelly, executive chairman, Visa
Visa Inc is open to cooperating with even the National Payments Corp of India (NPCI) as it looks to expand its footprint locally, its executive […]
Centre confident of meeting FY23 fiscal gap target of 6.4%
The Centre is expected to achieve the FY23 fiscal deficit target of 6.4% of gross domestic product (GDP) despite a downward revision in national income […]
FM Nirmala Sitharaman asks ADB to support India with more concessional climate finance
New Delhi: Finance minister Nirmala Sitharaman on Tuesday impressed upon Asian Development Bank (ADB) to support India with more concessional climate finance, stating that the […]
Carlyle, India’s Premji Invest eye stake in auto loan firm TVS Credit: Sources
Private equity firm Carlyle and Indian billionaire Azim Premji’s investment unit are in separate talks to invest about $150 million in TVS Credit Services, an […]
Public sector banks weigh consolidating foreign business at Gift City
The government has asked state-run lenders to explore consolidating their overseas business currently done through foreign branches in the International Financial Services Centre (IFSC) housed […]