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Core values Imitating a fintech firm not the right business model: Former RBI Deputy Gov

Imitating a fintech firm not the right business model: Former RBI Deputy Gov

Banks must go for meaningful co-operation with these companies, says SS Mundra

Fino Payments Bank to continue its focus on ‘emerging India’

Also aims to improve its phygital delivery model

BLS International becomes National Business Correspondent of SBI

This partnership is aimed at delivering last mile banking services to the tier2 & tier3 cities

Lenders to DHFL may be paid this week

The SBI has signed the transaction document on September 20 while other lenders are likely to do so in the coming days, say sources

Kotak Mahindra Bank launches healthcare financing

The scheme includes Insta Programme for quick loans upto ₹50 lakh

Telangana HC directs IRDA to promote overlooked senior official

Terms relaxation of qualification in favour of another candidate as contrary to law

Banks face significant margin pressure despite surfeit of liquidity

SBI Ecowrap says conundrum of weak credit demand and excess liquidity is evident from average reverse repo

PayNearby cash collection crosses ₹350 crore in monthly GTV

Company offers cash collection as a service to over 50 clients across sectors such as NBFC, microfinance, OTTs, food delivery aggregators, cab aggregators, FMCG, and logistics

DICGC moves to engage CA firms to complete depositor verification at 55-odd UCBs

Move aimed at ensuring that first list of depositors get paid by the corporation within the stipulated time frame

Home loans HDFC announces special offer for festival season

Offers Home Loans starting 6.7 per cent per annum

‘Skin-in-the-game’ MF staff under 35 get two years to comply with the 20% norm

SEBI allows them to initially invest 10%, 15% of their salary in schemes they manage

G-Sec To purchase and simultaneously sale G-Secs on Sept 23: RBI

So far, under G-SAP, the RBI has only conducted standalone G-Sec purchases

G-SAP RBI to conduct G-SAP auctions on Sept 23

The central bank is simultaneously conducting purchase and sale of G-Secs as there is ample liquidity in the banking system

Pension Fund PFRDA’s board okays sponsor licence for Tata Asset, Max Life

Move to take the overall count of pension fund managers to 10

Arohan Financial looks to expand its footprint in newer markets

Awaiting capital raising plan for the expansion programme

Climate risks can impact the financial sector: RBI Deputy Governor

It is vital to make the financial system more resilient in the face of the potential costs of extreme weather events, Says M Rajeshwar Rao

BoB, BPCL launch international co-branded debit card

It’s powered by NCMC feature enabling contactless transactions across all the public transport systems.

Now, a pocket money app to help in parenting financially-responsible kids

Fintech start-up Fyp launches payments app along with India’s first holographic card for teenagers

PayPoint ties up with BoB to expand bank’s network

PayPoint will offer a slew of banking services

Mastercard ban fallout: YES Bank partners with Visa for credit cards

Also completing tech integration with NPCI for Rupay branded cards

India Post Payments Bank, Bajaj Allianz General Insurance tie up for non-life products

Postal service providers to play key role in distribution and promotion of these insurance products

Y Combinator-backed inai raises $4 million in seed round

Round was led by Paua Ventures, 9Unicorns & others

HDFC Bank, Paytm set to launch co-branded credit cards

Say card will offer one of the best-in-class rewards and cashback for users

Non-industrial sectors dominate non-food credit growth since 2014

Overall credit growth decelerated in the same period, primarily in the industrial sector

Kotak Mahindra Bank to acquire 9.98% stake in KFin Technologies

To subscribe to 1,67,25,100 equity shares in KFin Technologies for about Rs 310 cr

Index inclusion buzz lures foreign funds back into bonds

“Foreign ownership of Indian government bonds has been declining, but 2022 would be the turning point that could bring an acceleration of bond inflows”

Bond market enjoys its Yhprum’s law moment

Lower inflation, global bond index inclusion talks shadow minor disappointments

E-mandate processing: Banks, payment aggregators rush to meet deadline for recurring online transactions

To make online transactions secure, the RBI has introduced an additional factor authentication for cards, wallets, prepaid instruments and UPI during registration