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Startup News: Razorpay started out with a very simple premise. Six years later, it became India’s latest fintech startup to have a billion-dollar valuation. → Read More
The country’s leading banks have each launched special loan offers and discounts for the upcoming festival season in a bid to bolster retail credit growth and consumption. While waivers of processing charges during this period is commonplace, this year, lenders are going the extra mile to tie up with merchants and offer cash-backs and discounts to lure consumers into purchases. → Read More
Public sector borrowing, across the central government, state governments and public sector enterprises, rose to Rs 11.82 lakh crore in the first half of 2020-21. → Read More
Fintech News: SBI plans to hive off YONO into a separate subsidiary and will share the underlying technology with other banks through a ‘plug and play’ model. → Read More
As the Indian government and private sector step up their digital infrastructure and extend a greater number of services through the web, issues of digital rights, data ownership, privacy, data protection and surveillance naturally follow. → Read More
RBI Priority Sector Lending Norms: RBI wants credit to reach untapped districts in the northeast, Bihar, Jharkhand, Chhattisgarh and Uttar Pradesh. Who will take the banks there? → Read More
A select set of banks will launch their account aggregator services next month after experimenting and implementing the data sharing technology solution for the last year, said multiple people aware of the development. → Read More
RBI Annual Report 2019-20: Bank frauds worth more than Rs 1.85 lakh crore were reported in the year ended June 2020 compared with over Rs 71,500 crore in the previous fiscal. → Read More
The Indian government is leaning on two state-owned non-bank lenders to provide relief to strained power distribution companies. → Read More
The Reserve Bank of India has issued final guidelines for a new umbrella entity for retail payments systems with an option to operate as a “for-profit” entity. → Read More
The Reserve Bank of India is pushing for payment companies to develop and deploy offline payment solutions due to network issues which continue to plague the adoption and use digital payments. → Read More
It has never been a better time to take a home loan as successive rate cuts by the Reserve Bank of India in recent months have dropped home loan rates to their lowest in nearly 15 years. → Read More
Transactions on digital payment platforms continued to grow during the month of July with several platforms hitting record highs as adoption continues to grow. → Read More
Government-owned Bank of Baroda raised Rs 764 crore through additional tier-1 bonds on Wednesday. → Read More
Lower rated non bank lenders, which had become near pariahs in the bond market, are slowly making a comeback. Ample liquidity, availability of long term funds from the Reserve Bank of India, and falling yields on government and AAA-rated credit is pushing some money towards these non bank financiers. → Read More
Hit by a payment fraud? Here’s what you need to do. → Read More
Transactions via the Unified Payment Interface (UPI) and the Aadhaar-Enabled Payment Systems (AEPS) hit record highs in June, NPCI data shows. → Read More
India’s banks shunned lending to small and medium-sized businesses, while also staying away from riskier personal loans. → Read More
Indian bond markets have seen some degree of calm restored after a few months of turbulence. This, despite the fact that the Reserve Bank of India has remained relatively conservative in its actions, even though its words promised both conventional and unconventional measures to ensure the smooth functioning of financial markets. → Read More
A flight to safety among debt investors has led to yields on Treasury Bills falling in the past three months with the longer-dated papers falling to their lowest levels in 20 years on Wednesday. → Read More