Paytm Payments Bank Expects Central Bank Curbs to be Lifted in Three-Five Months
India’s Paytm payments bank, which facilitates transactions on the mobile commerce platform Paytm, is expected to allow it to resume accepting new customers in the...
Tag : RBI
Slice Launches UPI In Big Payments Bet as Fintech Moves Beyond Credit
Tiger Global-backed fintech unicorn Slice has launched Unified Payments Interface (UPI) on its platform as it looks to tap into India’s multi-trillion-dollar payments market, an...
Future Enterprises Sells 25% Stake in JV Insurance Firm
Today, Future Enterprises has sold a stake in Future Generali India Insurance Company (FGIICL) for Rs 1,266.07 crore to its joint venture partner Generali Participations...
RBI Projects India GDP Growth Rate at 7.8% for FY23
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday projected India’s economic growth for the financial year 2023 (FY23) at 7.8 per cent. The...
RBI Refuses to Relax Asset Classification for NBFCs
The RBI has turned down the request of non-banking financial companies (NBFC) to relax asset classification and provisioning norms. This will give rise to lousy...
Economic Recovery Need Both Fiscal, Monetary Policy Support
Economic recovery will need both fiscal and monetary policy support, and the government will have to act quickly in fixing the protectionist policies and fast-tracking...
Barclays Cuts India’s FY22 GDP Estimate to 9.2%
Barclays on Tuesday cut India’s FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the...
HDFC Bank to Upgrade Credit Card Business
HDFC Bank Ltd, India’s biggest private sector lender, is looking to replace its legacy credit card system with a modern technology platform to make the...
RBI Imposes Penalty on Himachal Pradesh State Cooperative Bank
The RBI has imposed a penalty of Rs 40 lakh on Himachal Pradesh State Cooperative Bank, Shimla, for non-compliance with certain regulatory directions issued by...
Foreign Investors Make $15 Billion in Q3
Even because the financial system slowed down following COVID-19 induced nation-wide lockdown, international buyers took again residence 30 per cent larger returns from their investments...