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Pranay Lakshminarasimhan

Articles By Pranay Lakshminarasimhan

44 Articles

Firms continue to tap bond markets

Companies and non-bank financial companies (NBFC) have together mopped up R1.34 lakh crore from the bond markets in the three months to June.

Firms continue to tap bond markets

What is India’s most popular service? Find out here

Transactions via the Immediate Payment Service (IMPS) platform are growing at a fast pace, both in value and volume, reports Pranay Lakshminarasimhan in Mumbai.

Power of instant cash transfer in your hands coming; find out when

The Unified Payment Interface (UPI), which was launched in April by the National Payments Corporation of India (NPCI), will become available for public use next month.

RBI monetary policy review: It does not matter whether rate cut happens, says Abheek Barua

The monetary policy review scheduled to take place on Tuesday has been preceded by a promising set of numbers – those pertaining to both gross domestic product (GDP) and inflation.

RBI monetary policy review

We plan to take our network of lenders to over 100 by FY17 end: Manavjeet Singh

Rubique, an online domestic marketplace for loans, has partnered with 54 financial institutions to offer loans on their behalf on its website.

We plan to take our network of lenders to over 100 by FY17 end: Manavjeet Singh

Bank of Baroda recovers Rs 3,200 credit from non performing loans in Q4

Bank of Baroda (BoB) recovered close to Rs 3,200 crore from non-performing loans during the March quarter, including from assets that were upgraded, a senior executive of the bank told FE.

Bank of Baroda

Consumers now see digitisation as an additional benefit: Ravi Narayanan, HDFC Bank

HDFC Bank has been undertaking a lot of initiatives in terms of digitising, both internally and for customers.

Consumers now see digitisation as an additional benefit: Ravi Narayanan, HDFC Bank

Bharat Bill Payment System likely to be launched in July

The Bharat Bill Payment System (BBPS), a comprehensive bill payment system that connects multiple billers who accept online payment for their products or services, is expected to be launched by the first half of July.

Bharat Bill Payment System likely to be launched in July

RuPay, Indian payment company working on ‘contact-less’ debit card

Domestic payment gateway RuPay, whose debit cards make up more than a third of the total number of debit cards in the country, is now working on a "contact-less" debit card...

debit card, debit card payment, credit card, credit card payment, tax benefit, income tax benefit, tax benefits 2015-16, tax benefits 2015, tax benefits on card payment, income tax benefit 2015-16, income tax benefit 2015, online payment, e payment, online transaction, narendra modi, news

NPCI’s interface to not include wallet accounts

The National Payments Corporation of India’s (NPCI’s) much-awaited unified payment interface (UPI), which is set to go live on April 11, will only consist of bank accounts and will not include wallet accounts, chief opera

NPCI’s interface to not include wallet accounts

Kotak Mahindra Bank developing app to cater to corporate clients

Kotak Mahindra Bank is now working on developing a new mobile application that will exclusively cater to corporate clients, Deepak Sharma, executive vice-president Digital Initiatives, told FE.

Kotak Mahindra Bank developing app to cater to corporate clients

We are digitising entire bank, simplifying the process: Nitin Chugh, HDFC Bank

HDFC Bank has been one of the frontrunners in digitising the banking process.

We are digitising entire bank, simplifying the process: Nitin Chugh, HDFC Bank

Bank of Baroda likely to recover NPAs worth Rs 2,700 cr in FY16

Bank of Baroda (BoB) is likely to recover up to Rs 2,700 crore from non-performing assets in the current fiscal year, up 80% year-on-year, a senior official at the bank told FE.

Bank of Baroda

Banks wary of receiving 15% cash while selling bad loans to ARCs

Banks are wary of selling because of the way they are compensated for it

Banks wary of receiving 15% cash while selling bad loans to ARCs

PSBs’ provisions 7 times more than govt’s capital infusion since FY14

Since the financial year ending March 2014, the government has infused Rs 35,547 crore of equity into 21 public sector banks, including State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB).

Banks bad loans, BoB, Central Bank of india, Allahabad Bank, Dena Bank

FINO to transform itself to meet financial services needs of customers: Rajeev Arora

Despite banks being directed to open more brick and mortar branches in villages, the business correspondent model (BC) is still quite indispensable on the road to financial inclusion, says Rajeev Arora, chief operating office

FINO to transform itself to meet financial services needs of customers: Rajeev Arora

Investment-led credit growth may be some distance away: YM Deosthalee

YM Deosthalee, chairman and managing director at L&T Finance Holdings expects infrastructure debt funds to contribute to the company’s growth.

Investment-led credit growth may be some distance away: YM Deosthalee
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