Economic Times
The United States has expressed concerns about linking domestic fast payment systems like India's UPI for faster global transactions. Federal Reserve'
State Bank of India chairman Challa Sreenivasulu Setty, appointed for three years, urges employees to elevate the bank into the most valued financial
Pradhan Mantri Jan Dhan Yojana, launched in 2014, has reached 531 million beneficiaries. The scheme helped in distributing welfare funds and provided
RBI governor Shaktikanta Das announced plans to make UPI and RuPay global to improve cross-border payment systems. The central bank aims to create UPI
The National Company Law Appellate Tribunal has asked IL&FS to justify extending its protection from legal proceedings, which currently expires on Oct
IndiaFirst Life has become the first Indian life insurer to start operations in Gujarat International Finance Tec City (GIFT City). The company has in
UPI is an instant real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones. NPCI backed RuPay debit and
The Reserve Bank of India has designated the Fintech Association for Consumer Empowerment (FACE) as a Self-Regulatory Organisation in the FinTech Sect
India is also trying to build and help countries in the global south with DPI (Digital Public Infrastructure). "For a long time, India has always been
C S Setty, the new Chairman of SBI, outlined his vision to enhance the bank’s net profit and establish it as India's 'Best Bank'. With a vast custom
State Bank of India has raised Rs 7,500 crore through Basel III compliant tier 2 bonds at a 7.42% annual rate. This 15-year bond has a call option aft
SBI Managing Director Ashwini Tewari noted that a correction in the equity markets could help banks regain deposits. The bank is focusing on small-tic
The Reserve Bank of India will streamline its licensing process for payment aggregators by merging requirements for online and offline entities. This
Foreign banks from Japan and the Middle East are eyeing majority stakes in India's Yes Bank and IDBI Bank, as existing investors look to divest. Yes B
Shriram Capital has appointed Subhasri as its new managing director and CEO. Previously serving as joint managing director, she will now lead the comp
Indian banks are expected to increase cybersecurity spending due to rising online thefts and frauds. Currently, they spend significantly less on secur
Interlinking fast payment systems is widely seen as a means to enhance global cross-border payments and reduce costs, but Christopher Waller said that
Challa Sreenivasulu Setty is set to become the 27th chairman of State Bank of India on August 28. With extensive experience across various roles in SB
Overseas credit card spending saw a significant rise post Covid-19 travel restrictions easing, outpacing prepaid payment instruments and debit cards.
Medi Assist TPA signed an agreement to acquire Paramount TPA for Rs 311.8 crore. Funded by internal accruals and short-term debt, the acquisition aims
