Mastercard & CERT-In Will Enhance Cyber-Resilience In Financial Sector

Two entities will leverage their shared expertise to strengthen financial sector cybersecurity incident response

1 Days Ago

Giant Leap Towards Actively Preventing Digital Frauds

The RBI has selected BCT’s product, the rt360 Real Time Monitoring system as viable

1 Days Ago

Children’s MFs AUM Up By 142% In Last 5 Years

The Assets under Management (AUM) of children’s mutual funds surged to touch Rs20,081.35 crore in May 2024, up from Rs8,285.59 crore in May 2019

2 Days Ago

Net Direct Tax Collections Grow At 21%

Refunds aggregating to Rs53,322 crore issued in the current fiscal

2 Days Ago

Trade Deficit Widens On Higher Imports

Services exports declined by 0.6% MoM to USD 30.2 bn

3 Days Ago

Harish Narayanan Joins HDFC AMC As CMO & CDO

Mr. Narayanan brings over 17 years of experience across various sectors in multiple senior leadership roles.

3 Days Ago

India Inc. Braces For Revenue Uncertainties In Q1 FY2025

Operating profit margin for India Inc expected to remain steady at 15-18% in Q1 FY2025

3 Days Ago

How have NRI deposits moved?

While aggregate deposits in the banking system grew by 10.2%, NRI deposits increased by 7.2%

Jun 14, 2024

GradRight Partners With PhonePe

Democratizing access to higher education financing with secure, one-click solutions

Jun 14, 2024

IT Sector's Q4 Sales Growth Moderated To 3%

Sales of listed private non-financial companies registered 6.9 per cent growth (y-o-y) in Q4:2023-24

Jun 14, 2024

AccelHERate: HerKey's Initiatives Will Propel Gender Diversity In Corporate India

The HerKey platform will connect talented women with supportive companies, partners and allies committed to advancing women's careers

Jun 13, 2024

Food Inflation: A Key Risk

On demand front, still the picture is hazy

Jun 12, 2024

LTIMindtree-SNP Launch Services Platform MELD

It is a Collaborative Services Platform for Acquisitions & Divestitures Programs for SAP Customers

Jun 12, 2024

SBI Sanctions SME Digital Business Loans In 45 Mins

For loans up to Rs 50 lakhs, SBI has waived the requirement for financial statements, relying instead on transaction history and GST returns for appraisal

Jun 11, 2024

Govt To Give Assistance To Construct 3 Cr Houses Under PMAY

Total 4.21 Crore houses have been completed for the eligible poor families under the housing schemes in the last 10 years.

Jun 11, 2024

AIM Unveils ‘Innovations For You – SDG Entrepreneurs Of India’

Atal Innovation Mission, NITI Aayog also unveils AIM – ICDK Water Challenge 4.0

Jun 10, 2024

United Cotfab’s IPO Opens On 13 June

The issue proceeds will be utilized to meet Working Capital requirement and General Corporate Purposes

Jun 10, 2024

ARCs To See 500-700 Bps Higher Recoveries From Residential Realty

IBC amendments specific to real estate projects to aid resolutions

Jun 10, 2024

ED Freezes FDs Of Rs7.25 Cr In Online Fraud

The accused persons contacted the victim and convinced her to transfer the investments held in a bank to a crypto currency account claiming that the existing account is not safe

Jun 08, 2024

Amalgamation Of Yadagiri LNS UCB With Gayatri UCB Approved

RBI approves the voluntary amalgamation of 2 co-operative urban banks of Telangana

Jun 08, 2024

Perceptions Of Tech Leaders On RBI Policy

The regulator’s measures will drive multi-fold growth in UPI led transactions

Jun 07, 2024

RBI Decides By 4: 2 Majority To Keep Repo Rate Unchanged

Monetary Policy Statement, 2024-25; Resolution of the Monetary Policy Committee (MPC) June 5 to 7, 2024

Jun 07, 2024

Nifty Next 50 Up By 60% In Past One Year

Global Market Snapshot report May 2024 by Motilal Oswal Asset Management Company

Jun 06, 2024

EY World Entrepreneur Of The Year

Entrepreneurs around the world are answering the call to address sustainability; rapidly evolving technology; diversity, equity and inclusion; and economic volatility.

Jun 05, 2024

MediaTek Integrates NVIDIA TAO ToolKit With NeuroPilot SDK

Integration is for Accelerated Development of Edge AI Applications in IoT

Jun 05, 2024

SEBI’s App SaaRthi 2.0 Launched

SEBI’s Mobile App is on personal finance for investors

Jun 04, 2024

Rs100 Bn Seizure In Polls: 620 Mn Searches By Voters On ECI Portals

2.5X Voters of 27 EU countries in their last National Elections; Celebrities, startups, and citizens unite to spread voter awareness

Jun 03, 2024

SC Mandates Self-Declaration By Agencies Before Releasing Advts

Self-Declaration Certificate To Become Mandatory For All New Advertisements From 18th June, 2024

Jun 03, 2024

ED Attached Properties Of Rs3 Cr Of Clerk In UHBVN

Government money of Rs56 Crore has been misappropriated and embezzled by transfer from the government accounts to the accounts of persons with connivance of the officials of UHBVN, Yamuna Nagar

Jun 03, 2024

Level III UCBs Advised To Go For Gap Assessment Through CERT-In Empaneled Auditors

IT examination of all the level IV UCBs and some select level III UCBs was carried out in the last FY

Jun 01, 2024

Combined Index Of 8 Core Industries increases By 6.2%

Production of Electricity, Natural Gas, Coal, Steel, Refinery Products, Crude Oil and Cement record positive growth in April 2024

May 31, 2024

RBI Will Assess Reasons For Low Level Of Complaints In Rural/ Semi Urban Areas

Develop a consumer protection assessment matrix for REs

May 31, 2024

RBI Will Extend CPFIR To StCBs, DCCBs, UCBs, RRBs For Payment Fraud Reporting

Agenda Of RBI’s DPSS & IT For 2024-25; 340 e-BAAT programs conducted

May 31, 2024

2 Pvt Company Directors Given RI In Coal Block Allocation Case

Designated Court Sentences Directors To 02-03 Years’ Rigorous Imprisonment With Total Fine Of Rs70 Lakh

May 30, 2024

Highest Standards Of Governance Essential For Effectiveness Of FinTech SRO: RBI

Framework for Recognising Self-Regulatory Organisation(s) for FinTech Sector

May 30, 2024

Economic Outlook Is Brightening But Political Risks Loom Large in 2024

82% of chief economists expect the global economy to remain stable or strengthen this year – almost twice as many as in late 2023

May 29, 2024

Bank Credit Growth To Stay Healthy, Slip 200 Bps To 14%

Retail segment to grow fastest, corporate to hold steady, MSME to slow on a high base

May 28, 2024

Anil Mehta Appointed As Independent Director To Yubi 's Board

Anil Mehta has held key leadership positions at institutions like Max Life Insurance, ANZ Banking Group, Bank of America, and American Express, consistently demonstrating his ability to lead consumer credit and business functions while fostering innovation and growth

May 28, 2024

Instant Loan Against Policy Is Possible With TATA AIA LI

Since the launch, the digital-first initiative has already processed over 500 requests and disbursed around Rs. 5.5 crores, streamlining liquidity-solutions for policyholders

May 27, 2024

RBI Imposes Penalty Of Rs3.10 Lakh On Hero FinCorp

The company did not convey the terms and conditions of loans in writing to the borrowers in the vernacular language understood by them.

May 26, 2024

KFin Appoints C. Jayaram As Independent Director

The former Joint Managing Director of Kotak Bank has joined the board of General Atlantic-backed leading provider of global investor and issuer solutions

May 25, 2024

Affle's PAT Up By 21% At Rs2.97 Bn

Affle reports robust performance for Q4 & 12M FY2024

May 24, 2024

USD 13 Mn Invested In SAVE Group

Incofin India Progress Fund (IPF) and Maj Invest Financial Inclusion Fund III K/s Invest USD 13 million in SAVE Group

May 22, 2024 Intellect Digital Core Launched For Coop Banks

This launch will redefine banks’ operations with a competitive edge to grow exponentially and further the Digital India goal

May 22, 2024

Bank of India Paris Branch Marks 50 Years Of Excellence

The event, held in Paris, was a grand affair, attended by eminent guests and loyal customers, symbolizing the deep bonds and trust the Paris Branch has cultivated over the years

May 21, 2024

MOFSL Rebrands Malad Metro As Wealth Creation Station

Motilal Oswal Financial Services Deepens Local Ties

May 21, 2024

Propelld Secures $25 Mn By Debt Raising

9 lenders including banks and NBFCs support Edgro in its mission to democratize access to education.

May 18, 2024

Election-Time Seizures To Cross Rs90 Bn Soon

Commission’s crackdown on inducements behind historic spurt

May 18, 2024

CBI Registers Case Against Head Cashier OF PNB

Allegations of illegally transferring an amount of Rs4.98 crore

May 18, 2024

Enhancing Digital Trust, Creating Secure Digital Environment For Investors

Ankit Ratan: This move by SEBI will ensure the protection of investor interests in the capital market and promote the development of security markets.

May 16, 2024

NBFCs Urged To Bolster Governance, Assurance Functions

Conference for the Heads of Assurance Functions of Non-Banking Financial Companies (NBFCs)

May 16, 2024

PFC Group’s PAT Up By 25% To Rs2.64 Bn

The current balance sheet size is 10.39 trillion

May 16, 2024

Empower Women Through STEM & ICT: Isha

In the last decade, there has been a 6% increase in women’s representation in the tech workforce

May 15, 2024

Zerodha Nifty 1D Rate Liquid ETF Crosses Rs10 Bn AUM

The ETF primarily invests in TREPS (Treasury Bills Repurchase) traded on the CCIL (Clearing Corporation of India Ltd) platform.

May 14, 2024

Quant Mutual Fund Gets RBI Approvals To Go Up To 9.98% In RBL Bank

In The Event, If The Aggregate Holding Falls Below 5%, Prior Approval Of RBI Will Be Required To Increase It To 5% Or More Of The Paid-Up Share Capital Or Voting Rights Of The Bank

May 14, 2024

Convicted EPFO Officials Given 5 Years’ RI

CBI Court Sentences Two Accused Including Then Regional PF Commissioner-And Enforcement Officer Of EPFO, Nagpur To 05 Years’ Rigorous Imprisonment With Total Fine Of Rs4 Lakh In A Case Of Bribery

May 13, 2024

Training For 4 foreign languages To Be Provided To Youth In Maharashtra

German Language Training Started In Prabodhini in Mumbai; Germany will need 7 million skilled manpower by 2035

May 11, 2024

Technology Becoming Integral To Reducing Healthcare Costs: Harshit

From personalized medicine and triggered messaging to virtual consultations and smart devices, technology is revolutionizing healthcare access

May 11, 2024

PropEquity's Pre-Tax Profit Up By 10% To Rs15.7 Cr

Revenue increases to Rs. 44.1 Cr in FY’24, Rs. 32.3 Cr in FY’23

May 10, 2024

BOI Rakshak Package Offered To Indian Coast Guard

Through this exclusive BOI Rakshak Package, Bank of India will offer numerous benefits to all Ranks of the Indian Coast Guard, Veterans, Recruits and Agniveers

May 09, 2024

DBS Bank India Supports Women Re-entering Workplace

The bank introduces six-month project-based internship program for women returning from a career break, as part of larger diversity and inclusion efforts

May 09, 2024

Das Discusses Strategies For Scaling Up Of UPI infra With Major Stakeholders

Das Met Major Stakeholders In UPI Ecosystem

May 08, 2024

Restrictions On 'Bob World' Mobile Application Lifted

The bank will now resume onboarding new customers in the Bob World application

May 08, 2024

Aadhar HFC Raises Rs898 Cr From 61 Anchor Investors

Aadhar Housing Finance Limited allocates 2,85,04,761 Equity Shares at the upper price band of Rs315 per Equity Share with face value of Rs10 per Equity Share

May 08, 2024

Indian Airlines To Carry Half Of Country's International Traffic By FY28

700 bps climb to be driven by fleet addition, new routes, direct flights to key destinations

May 07, 2024

IGPF-I Garners Capital Commitments Of Rs3.30 Bn

IGPF-I is targeting a final close of INR 500 Crore

May 07, 2024

CBI Arrests FSSAI Official: Rs37 Lakh Cash, 45 Gram Gold Recovered

Accused Assistant Director, FSSAI, was caught red handed while accepting the bribe of Rs1,20,000/-

May 06, 2024

ICICI Pru Platinum Launched

Fund Value-based distributor payouts to motivate long-term investment behavior by customers

May 06, 2024

Digital Expansion Drives Radio Mirchi’s Operator ENIL’s EBITDA Growth

ENIL’s FY24 Consolidated Revenues stood at Rs5 Bn

May 04, 2024

C2treds Goes Live With State Bank of India And Dabur India

With the launch of C2treds, C2FO distinguishes itself as the only fintech platform of scale in India offering both Ealy Pay (Dynamic Discounting) and TReDS functionalities

May 03, 2024

Kinara Capital Gets ‘A’ Grade In SER From MFR

Independent Assessment Rates Kinara Capital on its Current Performance & Future Capacity to Achieve its Social and Environmental Goals

May 03, 2024

Motilal Oswal Flexicap Fund Celebrates A Decade of High Conviction Investing

Skin in the Game - Promoters have invested INR 1993 cr in Motilal Oswal Flexicap Fund, +20% of the total AUM INR 9660* crore of the fund.

May 02, 2024

SK Finance Files DRHP With SEBI For IPO

The company plans to raise funds through initial public offering of equity shares (face value of Rs1 each) aggregating up to Rs2,200 crores.

May 02, 2024

mPokket Onboards Global Executive Todd Ruppert To Advisory Board

Todd brings a wealth of experience to the table, having served as a venture partner at Greenspring Associates and Founder of Ruppert International, a firm with diversified global interests in startup companies.

May 01, 2024

Proactive Forward-Looking Regulations Approved By SEBI Board: Goenka

Disclosure of financial statements via QR code or weblink. Digitisation of the fixed income industry will help in fast information dissemination and also increase efficiencies in listing of debt

May 01, 2024

REs Directed To Review Practices About Mode Of Loan Disbursal, Application Of Interest, Other Charges

Fair Practices Code for Lenders – Charging of Interest

Apr 30, 2024

5 Coop Banks Penalized

These actions by the RBI on 5 coop banks are based on deficiencies in regulatory compliance

Apr 29, 2024

PayNearby & Myshubhlife Will Provide MSMEs Easy Access To Revolving Credit

To enable them with better working capital and drive growth in their businesses

Apr 29, 2024

No Significant Impact Of Election Likely On Equity Market: Fidel Folio

It expects Nifty 50 to reach the range of 30,000-35,000 points in the next three years

Apr 29, 2024

YES Bank's Net Profit Up 74% At Rs12.51 Bn Y/y

GNPA, NNPA Ratio (each down 30 bps Q-o-Q) and PCR (up 10 percentage points) significantly improve Q-o-Q

Apr 27, 2024

RBL Bank’s Net Profit Grows By 30% Y/y To Rs3.53 Bn

GNPA improved 72bps YoY to 2.65%; NNPA improved 36bps YoY to 0.74%, PCR including technical write-off of 89.8%

Apr 27, 2024

USTR Lists Out Concerns With India on IP Protection & Enforcement

USTR Releases 2024 Special 301 Report on Intellectual Property Protection and Enforcement; The report details concerns and developments in 20 countries that USTR placed on the Watch List

Apr 27, 2024

MOFS Reports Highest Ever PAT Of Rs.26 Bn

Motilal Oswal Financial Services Declared 3 Bonus Shares for 1 Fully Paid up Equity Share

Apr 26, 2024

CRISIL ESG Ratings & Analytics Gets SEBI Nod To Offer ESG Ratings

CRISIL Will use proprietary, India-specific framework to further the ESG agenda of all stakeholders

Apr 26, 2024

Mphasis' Gross Revenue Grew 2.1% In Constant Currency

Net profit margin at 11.7% at INR 15,548 million in FY 2024

Apr 26, 2024

IndusInd Bank's Net Profit Up By 21% To Rs90 Bn Y/y

Net Interest Margin for Q4 of FY24 stood at 4.26% against 4.28% for Q4 of FY 23 and 4.29% for Q3 of FY24

Apr 25, 2024

IIFL Samasta Finance Adds 3 Members To BoD

This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector

Apr 25, 2024

Shifting Tides: Market Capitalizations, Sectoral Performance And Equity MF Inflows

Alpha Strategist April 2024 Report from Motilal Oswal Private Wealth

Apr 24, 2024

RBI Issues Master Direction For ARCs

The ARC shall have a Board-approved policy regarding taking up the role of Resolution Applicant which may, inter alia, include the scope of activities, internal limit for sectoral exposures, etc.

Apr 24, 2024

360 ONE WAM’s PAT Up 20% At Rs8 Bn

Annual Recurring Revenue (ARR) AUM at Rs 2,27,879 Crore - up 36.3% YoY

Apr 24, 2024

ICICI PLI Will Leverage Tech For Balancing Growth, Risk And Profitability: Anup

ICICI Prudential Life Insurance PAT grows to Rs8.52 bn in FY2024

Apr 24, 2024

Tamilnad Mercantile Bank Records Highest Ever Net Profit of Rs10.72 Bn

TMB Announces Dividend of Rs 10/share

Apr 23, 2024

Operating Revenue Of RIL’s Media Business Up By 49% Y/y

News business revenue was up 19% Y-o-Y, Viacom18 revenue was up 62% Y-o-Y

Apr 23, 2024

Aurionpro Solutions Acquires

The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD

Apr 22, 2024

French FinTech Studely Expands To India

Studely offers comprehensive solutions to hassle free European studies

Apr 22, 2024

RMSI Cropalytics To Give Final Crop Estimate In May To SEA

Forecast Of Normal Monsoon Bodes Well For Agriculture Sector: Ajay Jhunjhunwala

Apr 22, 2024

MPC Minutes: Make No Haste!

A delayed or no-cut scenario from the US Fed is a big risk for the EM rate cycle

Apr 22, 2024

Infosys’ Capabilities In Generative AI Continue To Expand: Salil Parekh

The global leader in next-generation digital services and consulting reported revenues at Rs37,923 crore, growth of 1.3% YoY

Apr 19, 2024

Generali Group Will Focus On Insurance And Asset Management From June

This transformational change in structure is designed to further accelerate growth and address key business priorities for the insurance and asset management businesses more effectively, fully aligned with the ambitions of the Group strategic plan "LifeTime Partner 24: Driving Growth”

Apr 19, 2024

Happiest Minds Technologies Acquires Macmillan Learning India

The acquisition of 100% equity interest in the Macmillan Learning India further strengthens the already strong Edutech vertical of the Company.

Apr 19, 2024

HDFC Life's PAT Grew By 15%

Navigating well through sectoral changes with focus on increasing volumes, retail protection and making meaningful in roads into Bharat

Apr 18, 2024

ICICI Lombard’s PAT Grows 11% at Rs19.19 Bn

Gross Direct Premium Income (GDPI) of the Company stood at ? 247.76 billion in FY2024 compared to ? 210.25 billion in FY2023, a growth of 17.8%,

Apr 17, 2024

Indian Markets Are At A Multi-Year Bull Cycle

The recovery in the consumer staples minus discretionary is weak and elusive at this point of time

Apr 17, 2024

Celebrating Women Led Festival of Democracy

How the narrative has decisively changed from “Missing Women” to “Women-in-the-Middle” in the last decade

Apr 17, 2024

4 Coop Banks Penalized: Total Fine Rs16 Lakh

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Apr 15, 2024

Arvind Vashistha Continues As Citi’s Head Of India ECM

Citi tops India and Asia-Pac underwriting league tables for first quarter 2024

Apr 15, 2024

Vodafone Idea's 180 Bn FPO Opens On April 18

Price Band fixed at Rs10 to Rs11 per Equity Share of face value of Rs 10 each

Apr 15, 2024

Superior Interest Rates: Tectonic Change For Senior Citizens

Deposit rates moved up more for public sector banks even as RBI holds rates

Apr 15, 2024

There Could Be Still Some Scope For Gold To Go Higher

Gold has outperformed most asset classes in CY24TD

Apr 13, 2024

India To Become Skill Capital Of World With Growing Digitalization: Choudhari

Recruitment Processes Are Now AI-Driven, Data Analytics Shaping Employee Engagement

Apr 12, 2024

RBI’s Move Will Lead To Widespread Adoption Of CRMs: Goyal

Linking of PPIs through UPI applications will facilitate seamless peer-to-peer and peer-to-merchant transactions, by enhancing accessibility and flexibility to use funds in the PPI like Ongo wallet or cards: Chairman & MD, AGS Transact Technologies

Apr 11, 2024

RBI Penalizes 5 Coop Banks: Total Fine Rs17 Lakh

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 09, 2024

ECI Leverages Power Of Social Media To Engage Young Voters

Election Commission of India Nudges young & first-time voters through ‘Turning 18’ campaign to enhance participation in GE 2024

Apr 08, 2024

Vivriti Capital Gives Source.One Rs40 Cr

The fintech NBFC's sales and vendor factoring solution will ensure operational efficiency and support 6000+ buyers and 300+ suppliers

Apr 08, 2024

44,600 Elections Requests Approved On Suvidha Portal

Suvidha Portal promotes transparency in election management, Critical Application to ECI IT Ecosystem

Apr 07, 2024

RBI’s New Website, Mobile Application Launched

The new website can be accessed using the URL or through the QR code

Apr 06, 2024

RBI Penalizes IDFC First Bank (Rs1 Cr), LIC Housing Finance (Rs49 Lakh)

These actions are based on deficiencies in regulatory compliance

Apr 06, 2024

Xcelerate Acquires Equity Stake In Stirrup

ESG-related advisory and communication services witnessed increasing demand in recent years and are poised for exponential growth going ahead.

Apr 05, 2024

Policy Repo Rate Kept Unchanged At 6.50%

Prof. Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points; MPC decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth

Apr 05, 2024

Increase In Banks’ Participation Likely To Boost Securitisation In FY2025

ICRA Pegs Securitisation Volumes At Rs1.88 Trillion For FY2024

Apr 04, 2024

NBFC Sanctions Grew 6% YOY

Home loans showed a marginal decline of 2%

Apr 03, 2024

Gen AI SaaS Startup Vodex Raises $2 Mn

SaaS offering of Vodex generates human-like voice conversations empowering businesses to accelerate their sales cycles

Apr 03, 2024

Ultra-Violet Lamps Will Detect Counterfeit Notes

FNV Cell shall submit a status report on a half-yearly basis

Apr 01, 2024

Fiscal 2024 H2 Credit Ratio Elevated At 1.79 On Domestic Tailwinds

Credit quality outlook positive for fiscal 2025, geopolitical events bear watching

Apr 01, 2024

2 Ex Bankers, 1 CA Sentenced To RI In Bank Fraud Case

Designated court at Lucknow sentences four accused including two then managers of Allahabad Bank, a then partner/director of private companies and a chartered accountant to 3-5 years’ rigorous imprisonment with total fine of Rs Six lakh in a bank fraud case

Mar 31, 2024

Growth Decelerated In Vehicle Loans, Other Personal Loans

Sectoral Deployment of Bank Credit – February 2024

Mar 29, 2024

Flows Of USD 20-22 Bn Expected Under JPM Bond Route

Given the current assessment of a resilient economic condition, the rate cutting cycle this time is likely to be shallow

Mar 28, 2024

4 UCBs, 1 DCCB Penalized

These penalty actions on 4 coop banks are based on deficiencies in regulatory compliance

Mar 27, 2024

Zoomcar Partners With ACKO Drive

This Strategic Partnership Will Provide Competitive Offers for Local Zoomcar Hosts to Purchase Additional Vehicles with Industry-Leading Financing Options

Mar 27, 2024

Monthly Increasing Trend In Gross Services Exports Appears To Be Structural

INR is expected to post a moderate weakness towards 84.5-85.0 levels by Mar-25

Mar 26, 2024

IRDAI Approves Insurance Electronic Marketplace To Establish DPI

Regulatory Revamp: A Paradigm Shift; The Authority approved eight principle-based consolidated regulations, following the comprehensive review of regulatory framework for insurance sector.

Mar 23, 2024

DBS Foundation Awards SGD 3.7 Mn In Grant Funding To 24 Businesses

Businesses for Impact (BFIs) to also receive bank-wide support such as preferential banking packages and mentorship

Mar 21, 2024

Invoicemart Drives Rs1 Tn Of MSME Invoice Financing

This significant achievement brings Invoicemart into the spotlight, showing that it has successfully financed over 2.5 million MSME invoices

Mar 20, 2024

TAC Security's IPO Opens On March 27

IPO comprises a fresh issue of 28,29,600 equity shares with a face value of Rs. 10 each through the book-building route

Mar 20, 2024

RRP Electronics Launches A Groundbreaking Semiconductor Facility In Maharashtra

The foundation stone for the new 25,000 sq ft facility will be laid on 23rd March 2024, with the renowned Indian nuclear physicist and mechanical engineer, Dr. Anil Kakodkar, officiating

Mar 19, 2024

Interarch Building Products Files DRHP With SEBI For IPO

The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of shares of up to Rs 200 crore and an offer of sale of up to 4.45 million by the promoter group and investor-selling shareholders

Mar 19, 2024

CBI Arrests CGST Officer, Inspector For Bribe Of Rs1.5 Lakh

It was alleged that accused Assistant Commissioner demanded Rs6,00,000/- bribe from complainant for settling the Show Cause Notice related to Service Tax

Mar 18, 2024

TATA AIG Introduces ‘Travel Guard Plus'

A Comprehensive Travel Insurance Solution with Enhanced Features

Mar 18, 2024

RBI Reconstitutes Committee Of Advisors Of Abhyudaya Coop Bank

Committee of Advisors" will now comprise of Devendra Kumar (former Chief General Manager, SBI); Venkatesh Hegde (former General Manager, SBI); Suhas Gokhale (former MD, COSMOS Co-operative Bank)

Mar 16, 2024

17% Hike In LIC’s Wage Bill

This will benefit more than 1,10,000 LIC employees

Mar 16, 2024

ADB’s $23 Mn Will Enhance Access To Fintech Research & Innovation At GIFT City

The project will establish an International Fintech Institute (IFI) to strengthen fintech education, boost start-up success rates, and drive fintech research and innovation

Mar 15, 2024 & Shivalik Bank Empower Farmers With Rs2 Bn In Commodity Financing

Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks

Mar 14, 2024

Pumpumpum Secures Rs2 Cr

Pumpumpum is empowering millennials with an IoT enabled smart car subscription model

Mar 14, 2024

SpiceJet Finalises Lease Agreement for 10 Aircrafts

Airline to Expand Operational Capacity Further with Acquisition of Three Additional Airframes and Engine

Mar 14, 2024

Passport Officials Took Bribe Through Payment-Gateways

CBI registers a case against 05 accused including officials of regional passport office on allegations of taking bribe and conducts searches

Mar 13, 2024

HDFC NIFTY Realty Index Fund Closes On March 21

An open-ended scheme replicating/tracking NIFTY Realty Index (TRI); NFO Period up to Mar 21, 2024

Mar 12, 2024

IndusInd Bank Launches All In 1 Payment Wearables

The bank launches Indus PayWear – India's first contactless wearables for both credit and debit cards

Mar 11, 2024

Processes For Monitoring End Use Of Loans Must Be In Place: FIDC

Advisory on strict compliance to regulations & governance to all members of FIDC

Mar 11, 2024

Multi-Channel Approach Contributes Significantly To Customer Acquisition & Retention

Shilpa Bhatter, Chief Financial Officer, Dvara KGFS: To facilitate growth, we will foster originating partnerships to achieve an On Book: Off Book Assets Under Management (AUM) Ratio of 70:30, ensuring a balanced and sustainable business model

Mar 09, 2024

Rs103 Bn Approved for IndiaAI Mission

IndiaAI Financial Outlay to Benefit Kerala with its Immense Potential in AI Innovation & Startups": Rajeev Chandrasekhar; Public AI Compute Infrastructure of 10,000 or more GPUs to be Established for catalyzing AI Innovation; Indigenous Tools for Safe, Trusted and Ethical AI Development & Deployment

Mar 08, 2024

Yes Securities Records Strong Growth In Women Investors

Maharashtra and Andhra Pradesh lead in women investor participation

Mar 08, 2024

Homemakers to Entrepreneurs: Key insurance factors for Women

As more women take on diverse roles in both professional and personal spheres, understanding the nuances of purchasing life insurance becomes increasingly essential

Mar 07, 2024

1/3rd Of Jobs Created By Women-Owned MSMEs Go To Women

Women-Owned MSMEs Created 11% More Jobs For Women Than Men-Owned MSMEs; Women-owned MSMEs Demonstrate Higher Repayment compared to Male-owned MSMEs

Mar 07, 2024

SpiceJet's Settlement Secures $48 Mn Savings, Acquisition of 2 Airframes

SpiceJet Resolves $49.8 Million (INR 413 Crore) Dispute with Echelon Ireland Madison One Ltd., Saving Millions

Mar 07, 2024

AGS Transact Technologies’ Brand Ongo Partners with Patanjali Ayurved

Open-loop Cobranded Rupay Prepaid Cards will be Issued

Mar 06, 2024

Home Credit India & SEWA Bharat Will Educate 20,000 Marginalised Women

Saksham 2024 intends to organise 800+ financial literacy workshops to train 20,000 women

Mar 06, 2024

Agents Will Have To Report MTSS Statement On CIMS Portal

Submit a quarterly statement on the quantum of remittances received through Money Transfer Service Scheme using the eXtensible Business Reporting Language (XBRL) platform

Mar 06, 2024

mPokket raises up to Rs 500 crore facility from BPEA Credit

The funds will be used to meet the growing credit demand from mPokket's 24 million registered customer base

Mar 05, 2024

PNB, EaseMyTrip Introduce EMT Credit Card

A unique travel-focused co-branded credit card that promises a seamless and rewarding travel experience for Indian customers

Mar 04, 2024

Slowdown In Discretionary IT Spends By BFSI, Retail, Tech, Communication

INDIAN IT SERVICES INDUSTRY FEBRUARY 2024 Revenue growth to remain tepid at 3-5% in FY2025

Mar 04, 2024

Suryoday SFB Revises FD Rates By 41 Basis Points

Senior citizen can get 9.25 percent interest rate

Mar 04, 2024

Newspaper Registration Goes Online: Portal With E-Sign, Digital Payment Gateway

The Press Sewa Portal intends to put in place a chatbot-based interactive grievance resolution mechanism. The Portal ensures paperless processing and offers services with e-sign facility, digital payment gateway, QR code-based digital certificates for instant download.

Mar 02, 2024

Personal Loans Growth Moderated To 18.4%

Sectoral Deployment of Bank Credit – January 2024

Mar 02, 2024

Paytm Payments Bank Penalized Of Rs 4.59 Cr By FIU-IND

After considering the written and oral submissions of the Paytm Payments Bank Ltd, Director, FIU-IND, based on the voluminous material available on record, found that the charges against Paytm were substantiated

Mar 01, 2024

Real GDP Grew By 8.4% In Q3, FY’23-24

Indian economy remained resilient with robust 7.6% growth rate of GDP in FY 2023-24 over and above 7% growth rate in FY 2022-23

Mar 01, 2024

Indian Bus Industry Value Pegged At Rs1 Tn in 2026

Traveltech 2.0 - The Next Phase of Digitally Empowering the Indian Traveler Report

Feb 29, 2024

Going Global is Easier for Companies Successful in India: Sameer Nigam

the IT industry attracted significant FDI to India, creating jobs: Founder & CEO, PhonePe

Feb 28, 2024

Dvara Money & Jana SFB Facilitate Digital Banking In Bharat With Spark Money

A collaboration that aims to develop the digital banking landscape in Bharat, enhancing user experiences through the Spark Money platform

Feb 27, 2024

59% Women Prefer Online Loan Journey

Both women (77%) and men (79%) are almost at par when it comes to optimism about continued adoption of digital lending services due to internet & data revolution; Rapid Adoption Of Technology Seen Among Indian Women For Credit Needs: Home Credit India Survey Revelations

Feb 27, 2024

‘Investor Info and Analytics Platform’ Launched

IIT Madras Introduces One-Stop-Shop Platform for Startups to Access to Investor Networks, Insights & Research Analysis

Feb 27, 2024

Bandhan Financial Holdings Acquires Aegon Life

Bandhan Financial Holdings Limited has completed its acquisition of Aegon Life Insurance Company Limited from Aegon India Holding B.V. and Bennett, Coleman & Company Limited

Feb 26, 2024

23 Licensing Agreements For Transfer Of Technology Given To Electronics, Laser, Aeronautics Industries

DRDO hands over Agreements during Maharashtra MSME Defence Expo 2024

Feb 26, 2024

India’s longest Cable-stayed bridge Built At Cost Of Rs9.80 Bn Opened by PM

Sudarshan Setu has a total of 12 tourist galleries giving an expansive view of the ocean; The electricity consumption for lighting the bridge will be generated from the solar panels fitted to it; Multiple development projects worth more than Rs4150 crores in Dwarka dedicated to the nation

Feb 26, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 24, 2024

Trust Fintech Eyes Listing In March 2024 On NSE Emerge

Trust Fintech provides Core Banking SaaS Products and Fintech Software Solutions around ERP Implementation, Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector

Feb 23, 2024

REC Showcases Integrated Digital Platform For DISCOMs

The workshop witnessed the participation of more than 200 attendees from all state DISCOMs, Program Management Agencies (PMAs) and REC-TPQMAs and other stakeholders

Feb 23, 2024

LTIMindtree & Eurolife FFH Will Setup Gen Al and Digital Hubs in Europe & India

The multi-million-dollar partnership will enable widespread adoption of AI and digital solutions across insurance, banking, shipping, and manufacturing industries

Feb 23, 2024

Issuances Of SDI By Corporate Entities To Rise To Rs1 Bn In FY2024: ICRA

The number of non-financial sector entities tapping into the securitisation market through SDI issuances has risen in recent years

Feb 22, 2024

Telangana Tech Funding In 2023 78% Lower Than Y/Y

Telangana Tech startup ecosystem ranks 7th among the top-funded states in India

Feb 22, 2024

Amendment In FDI Policy On Space Sector Approved

Now, the Space sector has been liberalized for foreign direct investment in prescribed sub-sectors/activities

Feb 22, 2024

HFCL To Start Optical Fiber Cable Plant In Poland

HFCL to Expand Presence in Europe for aligning with Europe's gigabit connectivity opportunities

Feb 21, 2024

PC Filed Against Tower Infotech For Fraudulently Issuing Investment Certificate

High Court, Jharkhand had directed CBI to take over investigations of all FIRs registered in the state of Jharkhand against Chit-Fund Companies

Feb 21, 2024

Sensex Is Trading Further Higher Today

Bank of England Governor along with other BoE members, commented on the possibility of rate cuts

Feb 21, 2024

RBI Bulletin – February 2024

The Bulletin includes monetary policy statement, five speeches, four articles, current statistics

Feb 21, 2024

CBI Arrests EPFO Officer For Taking Bribe Of Rs 2 Lakh

CBI has registered a case on complaint against the said Enforcement Officer, EPFO, Tirunelveli, Tamil Nadu on allegations that accused demanded bribe of Rs15 lakh from complainant who is running a software company at Tirunelveli

Feb 20, 2024

Indian Stock Exchanges Listed Most IPOs In World In 2023

Q4 2023 witnessed a staggering 72% increase in IPOs compared to the same period in 2022, signaling robust market activity

Feb 19, 2024

Investor’s Awareness Needed On Risk Of Technology: Ananth

Healthy Capital Market Drives Long Term Economic Growth: Pandey

Feb 19, 2024

Bridge Competency Gap In Negotiation Processes At WTO

National Institute of Communication Finance brings together all stakeholders in a unique initiative in partnership with Centre for WTO Studies

Feb 19, 2024

Leverage e-Auction platform For Property Listing Of Banks, FIs Under Various Acts

DFS Secretary chaired conference of heads of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery of Tribunals

Feb 19, 2024

CBI Apprehends 3 Railway Engineers In Cases Of Bribery

CBI apprehends 4 persons including two senior section engineers and one assistant divisional electrical engineer of two railway zones in two separate cases of bribery

Feb 17, 2024

Soroco & Happiest Minds Technologies Partner To Redefine 'Future Of Work’ With AI

Through this partnership with Soroco, Happiest Minds brings intelligence to automation discovery with process and task mining

Feb 17, 2024

DAC Clears Capital Acquisition Proposals Of Rs845.60 Bn 

Amendments in Defence Acquisition Procedure 2020 get the nod to promote procurement of advanced technologies from Start-Ups & MSMEs to boost the capabilities of the Armed Forces & Indian Coast Guard

Feb 16, 2024

Trade deficit narrows marginally: FIEO

The exports sector also needs easy & low cost of credit, marketing support, besides conclusion of some of the key FTAs with UK, Oman and EU soon: Israr Ahmed

Feb 16, 2024

Kendriya Vidyalaya Students Can Pay Fees via Bharat BillPay-Enabled Apps

The collaboration facilitated by Union Bank of India marks a significant milestone in simplifying payment of education fees

Feb 15, 2024

APEDA Enables 500 Startups To Market & Export Millet Based Products

Sangrur farmer turns exporter, ships 14 metric tonne ready-to-cook millets to Australia

Feb 14, 2024

Yubi Powers Co-lending Between Axis Bank & Muthoot Microfin

Axis Bank will leverage Yubi's advanced co-lending platform to build a diverse and profitable portfolio, initially focusing on Microfinance Institutions (MFI)

Feb 13, 2024

C-DOT-IIT Roorkee To Develop 140GHZ Transmitter & Receiver Module For 6G Ecosystem

The agreement is signed under the Telecom Technology Development Fund (TTDF) scheme

Feb 13, 2024

Short Term Rates May Remain Higher For Longer

Building Bridges; Fortifying Financial Landscape The Long And The Short Of Prudent Policy Making

Feb 12, 2024

National Creators Award For Digital Innovators Launched

20 Award categories specified

Feb 12, 2024

Remuneration of Banks' NEDs hiked to Rs30 Lakh

The Board of the bank may fix a lower amount within the ceiling limit of Rs30 lakh per annum depending upon the size of the bank, experience of the NED and other relevant factors

Feb 10, 2024

RBI Allows Branches Of Indian Banks In IFSC To Trade On Int’l Bullion Exchange

This circular is applicable to all Scheduled Commercial Banks (other than Regional Rural Banks).

Feb 10, 2024

Maha Govt & M1xchange To Empower MSMEs Through TReDS

Since its inception in 2017, M1xchange has covered invoice discounting worth INR 80,000 crore

Feb 09, 2024

RBI Is Likely To Ensure Liquidity Conditions Remain Aligned With The Monetary Policy Stance

In the light of MPC's comfortable outlook on growth and undeterred focus on the 4% inflation target, a prolonged pause is expected to continue

Feb 09, 2024

Sensex Is Trading Higher Today, In Line With Its Asian Peers

Global stocks ended mixed. Investors monitored robust earnings report while also assessing the future path of interest rates

Feb 09, 2024

“Pragmatic Approach In Quest For Digital Robustness, Customer Centricity And Price Discovery”

Contrary to market expectations of RBI pivoting away from its tight monetary stance, it delivered a well-balanced decision that retained its steadfast focus on inflation

Feb 08, 2024

RBI To Review Framework For Electronic Trading Platforms

Market makers have made requests to access offshore ETPs offering permitted Indian Rupee (INR) products

Feb 08, 2024

Policy Repo Rate Unchanged At 6.50%

The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth

Feb 08, 2024

Digitization Vs Digitalization Vs Digital Transformation

These three processes all share a common foundation in leveraging technology to improve productivity, efficiency, and decision-making

Feb 08, 2024

Muthoot Expects Gold Linked Credit Line Via UPI

George Alexander Muthoot, MD, Muthoot Finance, shares his expectations on RBI monetary policy

Feb 07, 2024

Ciklum Expands Global Presence, Acquires Infogen

With this deal, Ciklum, currently headquartered in London with a development centre in Chennai, propels its drive into the North American market

Feb 07, 2024

RBI Cancels License Of Jai Prakash Narayan Nagari Sahakari Bank

The said coop bank does not have adequate capital and earning prospects

Feb 07, 2024

Ravi Kumar Jha Appointed As LIC MF’s MD & CEO

Ravi Kumar Jha is eager to tackle the challenges and capitalize on opportunities to drive innovation, foster growth, and elevate LIC Mutual Fund to greater heights

Feb 06, 2024

Case For A Relook At Mid-Rated Bonds As Metrics Improve

Health of 'A' category rated companies similar to 'AA' category rated ones a few years back

Feb 06, 2024

CII launches Guidelines on Appointment of independent Directors and Process of Board Evaluation

In today's dynamic #business landscape, effective corporate governance is key for sustained success

Feb 06, 2024

REC Wins Best Green Bond Corporate Award

Maharatna CPSE has been honoured for issuance of $750 million USD Green Bonds at the Asset Triple A Awards for Sustainable Finance

Feb 05, 2024

Over 20 MoUs Signed At FutureLABS Summit With Industry Partners

FutureLABS initiative is strategically positioned to leverage futuristic technologies, including AI, Big Data, and Quantum Computing, marking a transformative phase in Indian research

Feb 05, 2024

Northern Arc Capital files DRHP with SEBI for IPO

The company plans to raise funds via Initial Public Offerings through issue of equity share of face value Rs. 10 each comprising of fresh issue aggregating up to Rs 500 crore, and an Offer for Sale aggregating up to 21,052,629 equity shares

Feb 05, 2024

BoI’s Q3 Net Profit Up by 62% to Rs18.70 Bn

Provision Coverage Ratio (PCR) of Bank of India stood at 89.95% in Dec'23 against 90.27% in Dec'22. GNPA ratio improved by 231 bps from 7.66% in Dec'22 to 5.35% in Dec'23

Feb 03, 2024

Aadhar HFC Files DRHP With SEBI For IPO

The HFC has filed a draft red herring prospectus proposing an IPO comprising fresh issue of Equity Shares of up to Rs10000 million and an Offer for Sale of up to Rs. 40,000 million

Feb 02, 2024

Support For Rural Housing, Digitization Augurs Well For Robust Credit Demand

Budget has relied on capex led socio-economic growth template while ensuring the fiscal prudence

Feb 02, 2024

Eiffel Tower: First Merchant To Offer UPI Payments In France

This announcement is of particular significance considering that Indian tourists rank as the second largest group of international visitors to the Eiffel Tower

Feb 02, 2024

Godrej Agrovet, Apex Frozen Foods And Avanti Feeds Would Benefit From Budget

Companies that can benefit from the trend of Nano DAP are Paradeep Phosphates, Chambal Fertilizers & Chemicals, Nagarjuna Fertilizers & Chemicals, and Rashtriya Chemicals & Fertilizers (RCF): T Manish

Feb 01, 2024

Growth Of Digital Public Infrastructure Is Most Welcome

Some New Financial Innovations Such As Treds For Exporters Are Expected To Go Live In 2024-25

Feb 01, 2024

Fiscal Deficit In 2024-25 Pegged At 5.1% Of GDP: Real GDP Projected To Grow At 7.3%

The Gross And Net Market Borrowings Through Dated Securities During 2024-25 Are Estimated At Rs 14.13 Lakh Crore And 11.75 Lakh Crore Respectively; Capital Expenditure Outlay For The Next FY Is Being Increased By 11.1 %To Rs 11,11,111 Crore, Which Would Be 3.4 %Of The GDP; Scheme Of 50 Year Interest Free Loan For Capex To States Will Be Continued This Year With Total Outlay Of Rs 1.3 Lakh Crore; Development Approach For Making India Viksit Bharat By 2047; About One Crore Tax Payers Expected To B

Feb 01, 2024

FM Retains Same Rates For Direct Taxes, Indirect Taxes And Import Duties

Tax benefits to Start-Ups, investments made by Sovereign wealth funds or pension funds extended to 31.03.2025

Feb 01, 2024

Continuation Of Scheme For RoSCTL For Export Of Apparel Approved

Cabinet approves Scheme of Sugar Subsidy for AAY Families under PDS; marketing margin for supply of Domestic gas to Fertilizer and extension of Animal Husbandry Infrastructure Development Fund

Feb 01, 2024

Net Tax Revenues Likely To Exceed By Rs0.3 Tn

Core Sector Expansion Halved To A 14 Month Low

Feb 01, 2024

Growth In Credit To NBFCs Decelerated In Dec 2023

Sectoral Deployment of Bank Credit – December 2023

Feb 01, 2024

Karnataka Bank Will Use nPOS For Colending

This collaboration will allow Karnataka Bank to digitally onboard various NBFCs, to lend significant amount of money

Jan 30, 2024

India Can Be US$7 Tn Economy By 2030

The advent of Artificial Intelligence poses the profound and troubling questions for growth in services trade and employment since technology might remove the advantage of cost competitiveness that countries exporting digital services enjoy

Jan 30, 2024

YES Bank’s Q3 Net Profit At Rs2.31 Bn, Grows 349% Y/Y

Resolution Momentum strong with Total Recoveries & Upgrades for Q3 FY24 at INR 1,316 Cr. YTD FY24 cumulative recoveries and upgrades at INR 3,869 Cr

Jan 27, 2024

44% Investors Are Funding Startup Growth in Tier 2 & 3 cities

Primus Partners Report: An overwhelming 64% have directed their investments towards technology-based startups

Jan 27, 2024

Maharashtra Contributes Major Share In StCBs’ Net Profits

Credit growth of StCBs remained robust in 2022-23 and they liquidated their SLR investments to bridge the C-D gap due to contraction in deposits; 2 StCBs reported GNPA ratios greater than 50 %

Jan 27, 2024

A Proprietor & A Guarantor, Given RI For Causing Loss To Central Bank Of India

It was alleged that accused diverted the funds for their personal gain without its end utilization and caused loss to the tune of over Rs4.40 crore

Jan 26, 2024

Equitas SFB’s Q3 PAT Is Rs2 Bn

GNPA down to 2.38% in Q3 FY24 from 3.46% in Q3FY23

Jan 25, 2024

Grihum HFC’s Revenue Is Rs2.70 Bn

The HFC's Profit After Tax is Rs37 Cr, up by 8% YoY, AUM atRs7,604 Cr, up by 31% YoY

Jan 25, 2024

Tata Capital Provides Collateral-Free Education Loans Of Rs7.5 Mn

The flagship financial services company of the Tata Group provides secured loans of up to rs2 cr or the total cost of education, including tuition fees and living costs

Jan 25, 2024

Texas Is Top Destination For Indian FDI In The US: CII

CII hosts Governor Greg Abbott of Texas at Texas-India Business Roundtable

Jan 24, 2024

Fiscal Deficit For FY25 Likely To Be Around 5.5% Of GDP

Govt's Gross Borrowing Likely At Rs15.3 Trillion In FY25; Gross Tax To GDP Ratio At 16 Year High In Fy24, Could Touch Highest Ever In The Last 2 Decades In FY25

Jan 24, 2024

200 Ropeway Projects Of Rs1.25 Tn Will Be Developed In 5 years: Gadkari

Projects will be identified under National Ropeways Development Programme "Parvatmala Pariyojana"

Jan 24, 2024

World Is Uncertain On Trajectory Of Interest Rates

Rate hike cycle has become shorter while rate cut cycle is getting stretched. NIIF's analysis of RBI's policy over the last 20-years indicates that a pause in a rate cycle lasts between 3 and 14 months

Jan 24, 2024

RBI’s January 2024 Bulletin

The Bulletin includes seven speeches, six articles, current statistics. Financial Stability Report December 2023 and Report on Trend and Progress of Banking 2022-23 are supplements to the January 2024 Bulletin

Jan 24, 2024

Alwrite Adopts Moody’s RMS Location Intelligence API

The commercial insurance sector which waited for long to be revolutionised by fin-tech innovations now will be able to provide a quick quote procurement and placement procedure

Jan 23, 2024

TMB Records Highest Ever Quarterly Net Profit of Rs2.84 Bn

Net Interest Income of Tamilnad Mercantile Bank is Rs537 Crores

Jan 22, 2024

Additional Tax Revenue of Rs250 Bn Likely Due to UP Government’s Tourism Initiatives

UP Credit/Deposits 5-Year CAGR is better than All-India level; Where Latin America meets Scandinavia: The Road to Salvation passes through Uttar Pradesh

Jan 22, 2024

RBI’s December 2023 Bulletin

The Bulletin includes Monetary Policy Statement December 8, 2023, two speeches, seven articles and current statistics

Jan 22, 2024

JIO Continues To Outpace Competition

JIO'S TRUE 5G has scaled up rapidly to deliver one-fourth of wireless data traffic

Jan 20, 2024

AIBI Launches Standard Practice Manual for IPO Offer Documents

Manual Aims to Make Capital Formation More Robust and Faster

Jan 19, 2024

360 ONE WAM Announces Dividend Of Rs4.5 Per Share

It remains focused on expanding our domestic coverage in Tier 2 and 3 cities

Jan 19, 2024

Vivriti Capital Partners Goldi Group For Its Expansion In Solar Sector

Vivriti Capital has strategically offered a tailored solution under its SCF offerings to help Goldi Group in securing essential raw materials

Jan 18, 2024

Fintech Fello Partners With Gold Platform Augmont

Fello provides direct access to Augmont's gold investment services that seamlessly align with its distinct reward-based saving system

Jan 18, 2024

Google Pay India & NIPL Will Drive Global Expansion of UPI

the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions

Jan 17, 2024

India Inc Revenue Grows On-Year, But Loses Pace Sequentially

Of the 47 sectors CRISIL Market Intelligence and Analytics (MI&A) Research tracks, all but 13 recorded an on-year pick-up in revenue growth

Jan 16, 2024

EPACK Durable’s IPO Opens On Jan 19 To raise Rs6.4 Bn

Price Band fixed at ? 218 to ? 230 per equity share of face value of ? 10 each

Jan 16, 2024

Highest Ever -2.5 Mn -Clients Added By Angel One In Q3

Angel One's PAT for the Quarter ended December 31, 2023 is Rs2,603 million vs Rs2,280 in Q3 '23, an increase of 14.17% YoY basis

Jan 16, 2024

Year-End Pick-Up In Exports; Trade Deficit Narrows

For FY24 and FY25, CAD expected at 1.4% and 1.5% of GDP

Jan 16, 2024

Government NBFCs Shall Be Guided By Prescribed Exposure Norms & Limits

RBI releases draft circular on Credit/investment Concentration Norms – Government owned NBFCs

Jan 16, 2024

StCBs, DCCBs Shall Appoint Or Remove Statutory Auditors After RBI Approval

RBI issues Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks

Jan 16, 2024

Infosys Topaz Driving Differentiation And Market Leadership In Gen AI

Large deal momentum continues with 71% net new deals; Resilient performance in a seasonally weak quarter

Jan 15, 2024

India-US Bilateral Trade Likely Surpassed $200 Bn In 2023

Joint statement on India - United States on Policy Forum

Jan 13, 2024

Big Investments: Torrent Group (Rs480 Bn) Welspun (Rs400 Bn), Zydus (Rs50Bn)

CM: Gujarat Allocates Rs2 Tn For Green Growth Sector Over Next 5 Years

Jan 13, 2024

Equitas SFB Celebrates Success Of Women Entrepreneurs’ Soaring Aspirations

The small finance bank celebrates women entrepreneurs' resilient spirit and success in Uttarayan 2024 through its new Circle of Life video

Jan 12, 2024

SBI Launches Green Rupee Term Deposit

This unique deposit scheme is open to Resident Individuals, Non-Individuals, and NRI Customers

Jan 12, 2024

Conference For Heads Of Assurance Functions Of SCBs Held

The theme of the Conference was 'Resilient Financial System – Role of Effective Assurance Functions'

Jan 12, 2024

FIDC Aims To Enhance Impact & Income Of NBFCs

FIDC Issues Vision Document & Code of Conduct For Its Members

Jan 11, 2024

HDFC Capital Backs Tribeca For Parel Project

The 2.5-acre project is located in Parel and will have 400+ residences with a total sale value of Rs1,800 Crs

Jan 10, 2024

Experian Appoints Manish Jain as MD, India

Experian will enhance its ability to provide market-leading solutions to its clients

Jan 10, 2024

BLS E-Services & Kotak Mahindra Bank Spearhead FI in Initiative

The Master 1 Business Correspondent Agreement, inked for an initial three-year term and extendable for an additional year, marks a pivotal moment in the quest to broaden financial access throughout India

Jan 09, 2024

Choice International Achieves Rs50 Bn Market Capitalization

This showcases the resounding success and investor confidence in its strategic growth and performance

Jan 09, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Jan 09, 2024

Customers Can Book Ujjivan SFB’s FD On Digital Assets Of Bajaj Markets

Bajaj Markets partners with Ujjivan Small Finance Bank to offer attractive interest on fixed deposits

Jan 08, 2024

Jocata to enhance SBM Bank India’s lending experience via DDE Platform

SBM Bank aims to achieve a substantial reduction in the loan disbursal turnaround time (TAT), thereby providing its customers with a quicker and more streamlined lending experience

Jan 08, 2024

Large Cap Category Looks Set To Regain Momentum

The trends show that investors are adopting a proactive approach to wealth building, recognizing the enduring benefits of smart and disciplined investment practices

Jan 08, 2024

Patna Jeweller Remanded To Judicial Custody In Bank Fraud Case

ED initiated investigation on the basis of FIR and subsequent charge-sheet, alleging that the fraudulent transactions of Rs31.93 Cr from the bank account of Competent Authority for Land Acquisition (CALA) cum District Land Acquisition Officer (DLAO) were executed and funds were siphoned off using bank accounts of various shells/dummy entities

Jan 06, 2024

Growth Assumed For H2 FY2024 Is Quite High

GoI's capex declined by 8.8% YoY during October-November 2023 after rising by 43.1% in H1 FY2024

Jan 06, 2024

5 Year’s Rigorous Imprisonment, Fine Of Rs1.05 Cr Imposed On Postal Official

It was alleged that the accused during 2007 to 2012 at Tiruvottiyur Post Office, Chennai entered into conspiracy related to forging the signature of depositors in the withdrawal/closure forms & pre maturely closing monthly income scheme, RD Scheme and Senior citizen Saving Scheme of the depositors for misappropriating the proceeds of deposits

Jan 06, 2024

Jupiter Wagons Gets Contract of Rs1 Bn

The a provider of comprehensive mobility solutions embarks on Significant Contribution to Atmanirbhar Bharat through advanced technologies

Jan 05, 2024

Maharashtra has to be first choice whenever GJEPC wishes to create any new ecosystem: Fadnavis

Gems & jewellery industry belongs to Mumbai as Mumbai accounts for 72% of the annual USD 37 bn of exports

Jan 05, 2024

Jyoti CNC Automation’s IPO Opens On January 9

Price Band fixed at Rs.315 per equity share to Rs.331 per equity share of the face value of Rs.2 each ("Equity Shares") of Jyoti CNC Automation

Jan 04, 2024

MoUs Over Rs7 Tn Signed In Gujarat

Record MoUs have been signed in a single day in the presence of Chief Minister Bhupendra Patel

Jan 03, 2024

Zuno HealthPlus Policy unveiled

An Affordable & customisable Health Insurance plan

Jan 03, 2024

Banks & IT Can Drive Markets In 2024

2024 Equity Outlook

Jan 03, 2024

BoB’s RuPay Prepaid Card To Pay For Public Transport, Tolls & Shopping

The card can be availed by both customers and non-customers at Bank of Baroda branches, and will be immediately activated for real-time use

Jan 02, 2024

DCB Bank’s Savings Account with Cashback Rewards for UPI Transactions

Happy Savings Account holders can receive cashback up to INR 7,500 per year on eligible UPI transactions

Jan 02, 2024

Bulk Deposits limit for SUCBs Up in Tier 3 and 4 to Rs 1 Cr

RBI Reviews Instructions on Bulk Deposits for UCBs

Jan 02, 2024

Dr. Arvind Panagariya Is Chairman Of 16th Finance Commission

Ritvik Ranjanam Pandey has been appointed as Secretary to the Commission

Jan 01, 2024

Why There Is Liquidity Deficit In System?

Excluding the impact of HDFC merger, deposits have risen by Rs 16.2 lakh crore (+9%) in FYTD24 so far

Dec 30, 2023

Botad Peoples Coop Bank allowed to function as NBFC

RBI cancels the license granted to The Botad UCB

Dec 30, 2023

Bank Frauds Up Y/Y In H1’23-24

While the majority of the frauds in PSBs were related to advances, PVBs accounted for a majority of card/ internet and cash-related cases

Dec 28, 2023

RBL Bank goes live on GST portal

This service will enable RBL Bank customers to make GST and direct tax payments seamlessly via various digital channels and RBL Bank branches

Dec 27, 2023

Enhance UPI’s Accessibility In Rural Areas, Among Diverse Age Groups

Akash Sinha: We will see the introduction of regulatory frameworks that will help curb risk to build a safer and more secure digital payment environment

Dec 27, 2023

Universal Halwasiya Group Completes Rs1.13 Bn Open Offer of Cupid

This achievement reaffirms our commitment to excellence and innovation, inspiring us to set even higher benchmarks: Aditya Halwasiya

Dec 26, 2023

Earnings for poultry companies improved in H1’24

Commodity inflation could disrupt the momentum in H2: ICRA

Dec 26, 2023

Harvest Of Rabi Oilseed Crop Seems Promising

The demand for soymeal from India in the international market got a buoyancy

Dec 26, 2023

Advanced AI Will Give Deep, Actionable Insights Into Customer Needs

In 2024, more impact can be seen by adopting GenAI potential further for software development and optimization

Dec 25, 2023

A DCCB Penalized

RBI's action is based on deficiency in regulatory compliance

Dec 25, 2023

RBI imposes monetary penalty on 4 Coop Banks

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Dec 23, 2023

Azad Engineering’s IPO Subscribed 80 Times

The IPO of Azad Engineering is Subscribed 23.71 times in the retail category; 179.66 times in QIB category and 87.54 times in NIIs category

Dec 22, 2023

SIDBI's Grant To ETO Motors For 300 EVs

ETO Motors manages over 1,500 E3Ws (Passenger + Cargo) and has over 1,500+ drivers, including 200 women drivers

Dec 22, 2023

FIs Set To Integrate Gen AI For Certain Services

A growing number of countries are anticipated to enhance or implement their Open Banking frameworks

Dec 22, 2023

NIIF To Invest Rs6.75 Bn In Airport At AP

The greenfield airport at Bhogapuram, Andhra Pradesh is being developed by GMR Airports

Dec 21, 2023

RBI Releases December 2023 Bulletin

With strong growth in tax and non-tax revenues in H1:2023-24, the States have frontloaded their capital spending, aided by the Centre's scheme for 'Special Assistance to States for Capital Investment'

Dec 21, 2023

Cards Can Be Tokenised For Multiple Merchant Sites Through Single Process

It has been decided by the RBI to enable CoFT directly through card issuing banks / institutions also

Dec 21, 2023

More Investment In AI & ML Crucial To Outsmart Fraudsters

The surge in data breaches has made us realize the vulnerability of data privacy in the face of modern technology

Dec 20, 2023

Ageas Federal LI Strengthens Partners with NKGSB Coop Bank

NKGSB Co-operative Bank today has 104 branches spread over the state of Maharashtra, Goa, Karnataka, Gujarat and Madhya Pradesh

Dec 19, 2023

Happy Forgings raises Rs3 Bn from 25 anchor investors

Global investors such as Fidelity International, Neuberger Berman, Morgan Stanley, Janchor Partners, WhiteOak Capital, Eastbridge Capital and Kotak Offshore participated as a part of the anchor book

Dec 19, 2023

ED provisionally attaches property of Rs1.93 Bn in JK STCB case

The fraud involved sanctioning of loan of Rs250 Cr in 2019 to a fake cooperative society by the then Chairman of JKSTCB & Others

Dec 18, 2023

4.38 Cr ABHA Cards Created

Footfall of more than 10 crore people recorded in over 12.6 lakh Health Melas

Dec 18, 2023

Properties Of Rs2 Bn Attached In Financial Fraud

ED initiated investigation on the basis of the investors' complaints lodged before the Economic Offences Wing (EOW), Madurai against Neomax Properties

Dec 18, 2023

Who owns India Inc.? FII share drops, DMF share hits fresh record high

India Inc. Ownership Tracker

Dec 16, 2023

Highlights Of The Week & Market Outlook

The overall trend of the market is positive but in the short run, it seems to be overheated and a meaningful correction will be healthy for the markets

Dec 16, 2023

Decline In Exports Due To Rising Uncertainties, Slow Global Economic Recovery

Dr Sakthivel : While goods exports have shown minor decline during the month, services continued with its growth momentum and maintained the rising trend, helping to narrow the trade deficit

Dec 16, 2023

60% of Indian Investors Stress Over Future Uncertainty

Aspero's Wealth & Well-Being Report Reveals Diversification Emerges as the Key Stress Management Strategy

Dec 15, 2023

Women Empowerment is a sine qua non for Economic Development

Women voters will outstrip men from 2029 onwards and almost at par in 2024

Dec 15, 2023

AIFs delivered 13.5% IRR alpha over Sensex during 2013-2023

AIFs play a pivotal role in India's start-up ecosystem, the third largest globally caption Rohit Bhayana, Co-CEO and Founder, Oister Global

Dec 14, 2023

RBI cancels Certificate of Registration of Jaryal Motor Finance

The NBFC company shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934

Dec 13, 2023

AUM At A New Peak; Equity Inflows Moderate

Motilal Oswal Fund Folio Report: INR22.3t-Equity AUM at a new peak; INR49t-MF industry's AUM up 5% MoM and INR170.7b-Amount garnered through SIPs

Dec 13, 2023

Cashfree Payments launches self-hosted Payments Orchestration Platform ‘FlowWise’

FlowWise cuts processing costs upto 40%, improves success rates upto 10%; FlowWise significantly enhances security of the payments system, by eliminating the risks such as data leaks

Dec 13, 2023

Atal Pension Yojana Enrolments Cross 6 Cr Mark

The feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks

Dec 13, 2023

CPI: Rises amid food price shock; IIP: Mining and Mfg. fuel growth

US expected to start easing rates by cumulative 50bps in H2 2024

Dec 13, 2023

Outstanding Government Securities Up 7%

Vishal Goenka: The yields on government securities will remain range bound and RBI is likely close to end of rate hike cycle

Dec 12, 2023

Fintech Expect More Recognition of FI Work: Bisht

The sector's outlook is positive overall as RBI is looking at soft regulating FinTechs initially without hampering innovation

Dec 11, 2023

RBI Cautions Against Unauthorised Campaigns On Loan Waiver

These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms

Dec 11, 2023

Liquidity Measures Will Facilitate Better Fund Management By Banks

Read comments on RBI policy from Dinesh Khara, Chairman, SBI; Saikrishnan Srinivasan, MD, Experian Credit Information Company of India; Girish Kousgi, MD&CEO PNB Housing Finance; Achala Jethmalani, Economist at RBL Bank; Anurag Mittal, Head of Fixed Income, UTI AMC; ASSOCHAM Secretary General Deepak Sood; Bhuvan Rustagi, COO and Co-Founder, Per Annum & Lendbox; Kanav Kalia, Chief Sales and Marketing Officer, Oxane Partners; and Vijay Kuppa, CEO, InCred Money:

Dec 09, 2023

Status Quo On Rates, Sanguine Growth Outlook

Robust manufacturing activity amidst easing input cost pressures, revival in construction and a gradual recovery in the rural sector bodes well for overall consumption demand

Dec 09, 2023

“We Were Getting Contrary Signals From The Market On Rural Demand”

Given the importance placed by MPC on inflation, it looks unlikely that there can be a rate cut before August of next year

Dec 08, 2023

Retail Organizations Unable to Halt Ransomware Attack in Progress: Sophos

Recovery Costs Are Four Times Higher for Those That Pay the Ransom

Dec 07, 2023

IDFC FIRST Bank Changes Credit Card Transaction Game

IDFC FIRST Bank Launches Digital Credit Cards on RuPay platform

Dec 07, 2023

After climbing to a record high, Sensex is trading lower today

Labour market in the US is continuing to show signs of loosening, as ADP data shows that private payrolls were up by only 103k in Nov'23

Dec 07, 2023

Further moderation in the PMI indices

Manufacturing sector relatively steady, slowdown in services evident

Dec 06, 2023

Razorpay POS’ 40% growth in TPV

Ezetap Thrives Post-Acquisition, Records 60% Growth in Annualized Recurring Revenue

Dec 06, 2023

UCO IMPS TXNs of Rs8.20 Bn: CBI Files FIR

CBI Conducts Searches At Around 13 Locations In West Bengal & Karnataka: Electronic evidence including mobile phones, laptops, computer systems, email archives, and debit/credit cards recovered

Dec 05, 2023

CoreEL Technologies secures $16 million funding from 360 ONE Asset

CoreEL designs, manufactures and supplies advanced electronic products and complex systems to Indian Aerospace & Defence Industry including Ministry of Defence

Dec 05, 2023

Gopinath Natarajan is CEO of Geojit’s Portfolio & Managed Assets

Geojit Financial appoints Rahul Roy Chowdhury as CEO, Private Wealth Services

Dec 04, 2023

IIFL Samasta to Raise up to Rs10 Bn via Bonds

The leading NBFC-MFI Offers Up to 10.50% Coupon Rate

Dec 04, 2023

Gold is the new stable multi-bagger: Liquidity management needs unconventional tools

Markets destined for 'Interesting Times' in 2024; Domestic Economy nearing Tipping Point to embrace next wave of growth

Dec 04, 2023

Private sector banks record faster credit growth

The share of personal loans in bank credit has successively increased to over 30 per cent from 22 per cent share five years ago

Dec 02, 2023

BLS International Opens Visa Application Centre in Delhi

Spanning 7000 square feet the modern facility ensures a seamless experience for applicants, with state-of-the-art biometric enrollment and document verification systems

Dec 01, 2023

97.26% of Rs2000 banknotes has been returned

The Rs2000 banknotes continue to be legal tender

Dec 01, 2023

Services sector growth waning

India GDP: Growth remains resilient

Dec 01, 2023

Nod for Rs2.23 Tn Defence Plans

98% to be sourced from domestic industries in major boost to 'Aatmanirbharta' in defence; Medium Range Anti-Ship Missiles for surface platform of Indian Navy accorded approval; Acquisition of Towed Gun System cleared to replace Indian Field Gun; Procurement of Light Combat Helicopters & Light Combat Aircraft Mk 1A from HAL gets a nod

Dec 01, 2023

LTIMindtree & Metasphere to Deliver Smart Sewers Solutions

LTIMindtree will transform Metasphere's next-generation wastewater monitoring solution portfolio, and enable scalable delivery and platform to their customers

Nov 30, 2023

Godrej Capital Nirmaan to aid MSMEs with DBS Bank, Visa, Amazon

13 partners have been onboarded to offer business solutions with added benefits to MSMEs pan-India

Nov 30, 2023

Global alliance will accelerate innovation for sustainable economies

German Agency for International Cooperation (GiZ), Organization for Economic Cooperation and Development (OECD), United Nations Research Institute for Social Development (UNRISD), Impact Hub and Fourth Sector Group collaborated in organizing the Summit

Nov 30, 2023

U.S. & Indian higher edu internationalization extended by digital approaches

University of Denver (DU), with support from the U.S. Consulate General in Mumbai, announces the launch of a new project aimed at furthering higher education partnerships between Indian and U.S. institutions

Nov 30, 2023

Net Zero target: Funding Needed For Tech Deployment At Scale

Investment, collaboration and robust R&D-translation ecosystem can create impact at National level in CCUS towards India's Net Zero target by 2070: Experts

Nov 29, 2023

Harshvardhan Lunia, Jitendra Gupta Will Lead Fintech Convergence Council

FCC will work with respective regulators to drive independent SROs in areas of lending or fintech in general

Nov 28, 2023

India’s 10Y yield is trading further higher today at 7.27%

Sensex is trading flat today, while other Asian indices are trading mixed

Nov 24, 2023

FIDC wants RBI to re-evaluate rise in risk weights assigned to bank loans to NBFCs

The representative body for non-bank lenders has welcome the move by the RBI to regulate the growth of consumption oriented credit

Nov 24, 2023

Sensex trading higher today, while other Asian indices are trading mixed

FTSE slipped for the 3rd straight session led by fall in energy stocks amidst a drop in oil prices

Nov 23, 2023

Reading the Market’s Mind: Decoding Monetary Policy Expectations from Financial Data

Brief: The Reserve Bank recently released the November 2023 issue of its monthly Bulletin. The Bulletin includes four articles, out of which one article is titled 'Reading the Market's Mind: Decoding Monetary Policy Expectations from Financial Data.'This article uses the Overnight Index Swaps (OIS) rate to decode the near-term market expectations of changes in the monetary policy rate during 2016 to 2023.

Nov 23, 2023

MOAMC Focuses On ‘High Quality, High Growth’ Portfolios

Skin in the Game continues – Promoters and fund management team's investments across its own Mutual Funds, PMSs and AIFs, touching Rs50 Bn

Nov 21, 2023

Fintech-led Digital Lending: Coming of Age

The White Paper of ECICI covers the impact created by fintechs, pertinent issues & outlook 2030

Nov 20, 2023

Disinvestments to remain elusive, yet again!

Rs510 bn for FY24 looks to be a stretch, given only Rs80 bn has been garnered till date

Nov 20, 2023

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