The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network, an official release said on […]
Tag: finance
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Lenders of Reliance Capital (RCAP) have approved the capital infusion in Reliance General Insurance to improve solvency margin of the general insurance arm, according to […]
SBI to set up trustee company to manage corporate debt market development fund
State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund […]
Bain frontrunner to buy Adani Capital for Rs 1500 crore
Mumbai: Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based […]
New accounting standard for insurance soon
The government will soon notify a new accounting standard for insurance contracts, which would align Indian norms with international practices and help global investors better […]
IIFL Home Finance raises $50 million loan from US International Development Finance Corp
IIFL Home Finance has raised a $50 million loan from US International Development Finance Corp (DFC) to grow its affordable housing finance portfolio with a […]
Credit Card default surges as retail credit grows
Credit card payment defaults have surged in June 2023 despite the growth of credit card lending, as per a TOI report. Unsecured credit portfolios and […]
France gets India’s UPI, tourists can make payments in Rupees: PM Modi
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 […]
Reward points and freebies push credit card spends to record levels
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
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. […]