Nearly 70% of the senior management of HDFC, which has merged with HDFC Bank, will step down from executive positions, in a move that could […]
Tag: bfsi
The RBI has just lobbed a disruptor at the card sector
In a recent circular, the Reserve Bank of India (RBI) seems to have fired a shot in India’s war on international card networks. The country […]
Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, […]
Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
Airtel Payments Bank is experiencing “strong tailwinds of demand”, and will grow its banking points and deepen product offering range this year, as it looks […]
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds […]
PhonePe launches one-stop POS solution for merchant partners
PhonePe, today announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them […]
PNB launches its virtual branch in the Metaverse
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which […]
Bihar overtakes Tamil Nadu to become biggest MFI market in India
Bihar has overtaken Tamil Nadu to emerge as the state with the highest microlending borrowings as of March 2023, a report said on Wednesday. Bihar […]
Veritas Finance raises Rs 1,200 crore
Veritas Finance Private Limited has raised Rs1,050 crore from Multiples Private Equity along with its co-investors including International Finance Corporation (IFC) to expand access to […]
RBI cancels licenses of two co-operative banks
The Reserve Bank of India (RBI) on Wednesday said it has cancelled the banking licenses of two co-operative banks in Maharashtra and Karnataka. The licenses […]