In a first for India, Paytm Payments Bank launches UPI LITE feature
Paytm Payments Bank Limited (PPBL) on Wednesday went live with its UPI LITE, a feature enabled by National Payments Corporation...
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BFSI
Goldman Sachs leads India fintech funding while deals dry up
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually...
Read morePayment aggregators acting as loan service providers cannot handle funds between the lender and the borrower
The Reserve Bank of India in a set of FAQs on digital lending guidelines has clarified that payment aggregators acting...
Read moreICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater...
Read moreKotak Bank arm raises USD 590 mn fund for data centre investments in India
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 590 million (about Rs 4,885 crore) for...
Read moreDigital lending to pip traditional lending in unsecured loans segment by 2030: Report
Fintechs will fuel digital lending over the next seven years, and take it ahead of traditional lending by 2030 in...
Read moreBillionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit,...
Read moreTotal exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total...
Read moreRBI cancels registration of two entities for regulatory lapses
The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) -...
Read moreRBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff
The Reserve Bank of India (RBI) and Yes Bank have moved the Supreme Court against a Bombay High Court order...
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