Finance

Airtel Payments Bank is among the fastest growing digital banks in India. Airtel Payments Bank, among the fastest-growing banks with more than 115 million users in India and over 8 million merchants, informed on Jan 4 that it has been…

RBI has identified the state-owned lender State Bank of India and two private lenders ICICI Bank and HDFC Bank as Domestic Systemically Important Banks for 2021 The banking regulator Reserve Bank of India (RBI) has released the list of…

According to RBL Bank’s regulatory filing on December 25, the lender’s board appointed Rajeev Ahuja, its current executive director, as the interim MD & CEO of the bank with immediate effect. A lot of developments occurred around…

RBI has extended the timeline for storing of CoF data by 6 months. In regards of the card tokenisation deadline put in place by the regulator bank Reserve Bank of India for December 31, 2021, the regulator has now revised the deadline,…

The markets regulator has directed the commodity exchanges to suspend trading of futures contracts of seven agri-commodities until further orders. In attempts to control the rising inflation, the Finance Ministry has put a ban on…

According to RBI data analysis, about 50% of the transactions made through UPI platforms are under Rs 200 Among the announcements made by RBI Governor Shaktikanta Das in the Monetary Policy Statement on Wednesday, was the central bank’s…

FM Sitharaman has clarified that the new crypto bill would soon be introduced in the Parliament, as soon as it receives a clear from the Cabinet. In the latest update to the highly-awaited new crypto bill, Finance Minister Nirmala…

Finance Minister Nirmala Sitharaman has stated that the government has no proposal to recognise Bitcoin as a currency in the country. With the start of winter session of the Parliament from November 29, a lot of reforms are expected to…

According to RBI, SBI has held shares in the borrower companies of an amount more than 30% of the paid-up share capital of those companies. The country’s largest lender State Bank of India has been imposed a penalty of Rs 1 crore by…

The issue is expected to fetch the company an upper price band of Rs 7,249.18 crore, marking the third largest IPO size in 2021. The highly-awaited initial public offer of the ace investor Rakesh Jhunjhunwala-backed Star Health and…

Members and non-members of such entities are advised by the RBI to be cautious of cooperative entities using the term 'Bank' in their names. After reports of certain cooperative societies extending the word ‘Bank’ in their names, while…

A part of the Capital Group, an American fund has bought almost 3.5 million equity shares of Policybazaar, priced at 1,912 apiece The parent company of Policybazaar and Paisabazaar, PB Fintech is trading 4.8% higher at Rs 1406.20 at…

NSE’s shares are being quoted currently in the range of Rs 3,000- 4,000 per piece The Indian equity exchange National Stock Exchange (NSE) coil likely roll out its initial public offering shortly, in the upcoming weeks, as the market…

The fall in profit is majorly caused by the company’s increased expenses on marketing and advertising The FSN E-Commerce Ventures owned beauty and fashion platform Nykaa was listed on the Indian exchanges last week, its IPO valued at Rs…

HSBC considers Asia a major investment centre, stating that the wealth in Asian markets is growing twice as fast as other regions of the world. The London-based investment banking company HSBC is exploring to re-enter the Indian private…

The offer listed today, will close for subscription on November 3, 2021. The eagerly awaited public listing of PB Fintech, the parent company of Policybazaar and Paisabazaar, has successfully been listed in the Indian stock exchange on…

RBI has invited NBFCs to submit applications for being permitted to authenticate clients' Aadhaar e-KYC. The Reserve Bank of India in an announcement on Monday, has invited NBFCs (Non-Banking Financial Companies), payment system…

About Rs 70,000 crore have been raised through only the IPO market this year, with more than 40 companies launching their IPOs. Three companies from the insurance sector are on their way to boom into the primary market with IPOs worth…

The RBI had last week granted HDFC Bank, the authority to re-issue credit cards after a ban of over 8 months. Over 8 months after the banking regulator, Reserve Bank of India (RBI) prohibited the country’s largest private lender, HDFC…

Indians visiting UAE for business or leisure can now use the Unified Payments Interface (UPI) platform for payments. The international arm of National Payments Corporation of India, NPCI International Payments (NIPL) has partnered with…