Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans
ICICI Bank-I-Sec merger faces opposition minority shareholders Norges Bank Investment Management’s Government Pension Fund Global holds 3.13 percent stake in ICICI Securities. By Siddhant MishraSeptember 8, 2023 02:00 IST
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official On Wednesday, RBI Governor Shaktikanta Das had asked fintech companies to form a self regulatory organisation and improve governance standards. By PTISeptember 7, 2023 21:05 IST
Global Fintech Fest 2023: Fintech is cornerstone of an evolved India, says Dr Bhagwat Kishanrao Karad “Fintech is the cornerstone of an evolved India. It not only enables us to serve the diverse consumer base of… By FE BusinessSeptember 7, 2023 15:20 IST
UPI via pre-approved credit lines unlikely to hamper credit cards Banks may, as per their board approved policy, stipulate terms and conditions of use of such credit lines. The terms… By Ajay RamanathanSeptember 7, 2023 06:23 IST
Listing norms by end of year: IFSC-A chief The International Financial Services Centres Authority (IFSC-A) is likely to come up with regulations with respect to direct listing of… By Siddhant MishraSeptember 7, 2023 03:40 IST
Digital Personal Data Protection Act 2023: What does it mean for India’s financial services sector Regulators, through guidelines on customer protection and data privacy, outsourcing, information security, technology and cyber risk management, among others, have… By GuestSeptember 6, 2023 16:54 IST
Global Fintech Fest 2023: ONDC CEO underlines importance of trust and governance in digital commerce The discussion between Noopur Chaturvedi, CEO, NPCI Bharat BillPay Limited and Suresh Sethi, MD and CEO, Protean eGov Technologies, centrered… By FE BusinessSeptember 6, 2023 12:30 IST
AI will revolutionize risk management with custom-fit regulation, says SEBI Chairperson Madhabi Puri Buch During her address, SEBI Chairperson Madhabi Puri Buch elaborated on the importance of building resilient financial systems and leveraging the… By FE BusinessSeptember 6, 2023 10:11 IST
RBI planning use of CBDC in call money market Efforts on to internationalise Rupay, UPI and other Indian payment systems By Mukesh JagotaSeptember 6, 2023 06:25 IST
UPI targets 2 billion transactions a day by 2030 “I think 10x growth on the users on the credit side, and it is not very ambitious,” Asbe said in… By Piyush ShuklaSeptember 6, 2023 06:00 IST
Solution for easier cross-border transactions lies outside correspondent banking system: RBI DG The DG called for self-regulation on the part of Fintechs to build trust among consumers. By FE BureauSeptember 6, 2023 03:55 IST
Yono is evolving into a digital bank within the bank: Khara Overall, 65% of SBI’s new accounts are being opened through the app. Further, more than 500,000 remittance transactions also take… By Piyush ShuklaSeptember 6, 2023 00:33 IST
RBI committed to bring down inflation to 4 pc; watchful of price risks: Governor Das “The role of continued and timely supply side interventions as is being undertaken by the government assumes criticality in limiting… By PTISeptember 5, 2023 18:28 IST
Fintechs surpassing conventional banks in driving more inclusion, influencing financial ecosystem, says FM Sitharaman “Fintechs in India are driving more inclusion and influencing India’s financial ecosystem. Today, fintech has become a robust and dynamic… By FE BusinessSeptember 5, 2023 16:52 IST
Paytm disburses Rs 5,517 crore loans in August, deploys 87 lakh devices for offline payments The number of merchants paying subscription for payment devices stood at 87 lakh as of August 2023, which is an… By PTISeptember 5, 2023 11:40 IST
FSIB recommends Vinay M Tonse for MD position at State Bank of India The FSIB recommended the name of Vinay M Tonse as managing director of SBI. Vinay M Tonse is currently serving… By Tanya KrishnaSeptember 5, 2023 07:30 IST
CBDCs can make cross-border payments faster, cheaper, more secure: Das During July, Sankar said about 5,000 CBDC retail transactions were taking place each day. By Piyush ShuklaSeptember 5, 2023 05:15 IST
Will launch balance confirmation certificate, e-auction portal for lenders in FY24: PSB Alliance MD During FY23, PSB Alliance enabled about 600,000 different door step banking transactions through its 100 centres. By Piyush ShuklaSeptember 5, 2023 03:00 IST
Humility and tech: Pillars behind making billionaires Alakh Pandey and Prateek Maheshwari’s Rs 31,000 crore ed-tech startup
$40k cheque, red carpet treatment – Indian-origin McDonald’s employee in US hailed ‘company’s pillar’
Cartridges of AK rifles, rounds of pistols seized from Kashmir Times office; editors call raid ‘intimidation tactic’
