RBI rejects three applications for small finance bank licences
The Reserve Bank of India rejected three applications for small finance bank licences saying they "the applicants were not found...
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BFSI
PNB launches UPI Payments with IVR-based UPI 123PAY
State-owned Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering aligns...
Read moreOver 75% of Rs 2,000 notes returned by users to banks
Nearly four-fifths of the ₹2,000-denomination currency notes have been deposited in banks, the central bank said on Monday. It said...
Read moreBank of Maharashtra clocks 25 per cent loan growth
State-owned Bank of Maharashtra (BoM) on Monday said it has posted a credit growth of 24.93 per cent at Rs...
Read moreJM Financial hits 1st close of ₹600cr for its maiden credit fund
Financial service group JM Financial has hit the first close of its maiden performing credit fund - JM Credit Opportunities...
Read morePM ups the ante for co-op; askes it to partner govt for a developed India
Addressing the 17th Indian Cooperative Congress at Pragati Maidan in New Delhi on Saturday, Prime Minister Shri Narendra Modi upped...
Read moreBanks’ net interest margin jumps 46 basis points to 3.3% in March quarter, says report
Banks' net interest margin (NIM), a key profitability gauge, grew 46 basis points to 3.3 per cent in the January-March...
Read moreBank of Baroda plans to divest up to 49 pc in credit card arm
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB...
Read moreSBI launches fully revamped YONO app; to have UPI features like scan & pay
The State Bank of India (SBI) launched its fully revamped digital banking application ‘YONO for Every Indian’ on Sunday. With...
Read moreFintechs seek first loss default guarantee cover for co-lending deals
Digital lenders are set to lobby with the Reserve Bank of India to extend the first loss default guarantee cover...
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