Correction in markets may lead to rise in bank deposits, says SBI MD
State Bank of India (SBI)‘s Managing Director (MD) Ashwini Kumar Tewari, on Wednesday, said the deposits of banks may rise
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Category: Banking & Financial Services
Paytm gets Finmin approval for downstream investment into its payment services arm
One97 Communications Ltd (OCL), which owns the brand Paytm, has received the Finance Ministry’s approval for its “downstream investment” into
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Top US Fed Member doubts FPSs interlinking arrangements’ ability to achieve goals amid India’s UPI expansion effort
Even as India is making concerted efforts to expand the international reach of the Unified Payments Interface (UPI), including via
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Co-branded credit cards to outpace traditional credit cards by 2X by FY28: Report
Co-branded credit cards (CBCCs) are growing at a compound annual growth rate (CAGR) of 35-40 per cent and could account
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MFI sector faces headwinds, overleveraging concerns rise: Ind-Ra
Improved availability of loans from microfinance institution (MFI) players, government loans, Kisan Credit Card loans, mudra loans, gold loans and
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Paytm Money appoints NV Srinivasan as Independent Director
Paytm Money Ltd (PML), a wholly-owned subsidiary of One97 Communications Ltd (OCL), has appointed Narasinganallore Venkatesh Srinivasan as Non-Executive Independent
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LIC knocks IRDAI doors for review of Surrender Value Guidelines
Insurance behemoth LIC is understood to have approached insurance regulator IRDAI, seeking a review of final Surrender Value Guidelines issued
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MFIs see asset quality worsening in Q1FY25
Microfinance institutions (MFI) have seen their asset quality worsening in Q1FY25, with 90-plus days past due (dpd) loans — or
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Nationwide launch of Unified Lending Platform in due course: RBI Governor
The nationwide launch of a technology platform that would enable frictionless credit across sectors, particularly for agricultural and MSME borrowers,
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RBI Governor foresees UPI system as a game-changer in cross-border remittances
India’s real-time payment system — Unified Payments Interface (UPI) system — has the potential to evolve into a cheaper and
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