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 […]
Tag: bfsi
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 […]
R.V. Vasanth has recently joined Spendflo as the Director for APAC in the Strategic Buyer Team.
B2B Infomedia: Originally from Coimbatore, Vasanth brings more than 17 years of experience with a diverse background. He started his career in outbound desktop sales […]
Piramal Capital to sell more loans for Rs 1,669 crore
Piramal Capital & Housing Finance is in talks to sell a stressed loan portfolio worth ₹2,437 crore spread across 14 accounts to JM Financial ARC […]
HSBC relaunches private banking in India
Hong Kong and Shanghai Banking Corp Ltd (HSBC) has relaunched its private banking business in India almost eight years after it closed the division amid […]
RBI rejects three applications for small finance bank licences
The Reserve Bank of India rejected three applications for small finance bank licences saying they “the applicants were not found suitable for granting of in-principle […]
PNB launches UPI Payments with IVR-based UPI 123PAY
State-owned Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering aligns with the Digital Payment Vision […]