Economic Times
UPI Payments, a part of “India Stack”, has emerged as the flagship Indian fintech product over the recent years. It has seen remarkable growth, ri
1722524202 Companies - 4 months ago
About 300 small Indian banks were temporarily offline following a ransomware attack on C-Edge Technologies, which provides tech services to the banks.
1722520858 Companies - 4 months ago
“The impact was limited to C-Edge systems hosted in their data center and not on any of the co-operative banks or regional rural banks' own infrastr
1722518843 Companies - 4 months ago
The Reserve Bank of India (RBI) announced that 97.92 per cent of the Rs 2000 denomination banknotes have returned to the banking system, with only Rs
1722517241 Companies - 4 months ago
The industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and implementi
1722516168 Companies - 4 months ago
India's biggest private lender, HDFC Bank Ltd., posted a 16.5% increase in its market capitalization to 12.811 trillion rupees. Barring IndusInd Bank
1722511163 Companies - 4 months ago
By June 2024, growth in bank credit to NBFCs had fallen to 8.5% from 16% in May. Credit card and gold jewellery loans, however, saw substantial growth
1722510612 Companies - 4 months ago
The Reserve Bank of India has approved Fairfax Financial Holdings, Emirates NBD, and Kotak Mahindra Bank as bidders for a majority stake in IDBI Bank.
1722507301 Companies - 4 months ago
A ransomware attack by the RansomEXX group has disrupted India's banking system and payment firms, affecting around 300 small-sized lenders across the
1722506772 Companies - 4 months ago
The benchmark one-year tenor MCLR, which is used to price most consumer loans such as auto and personal, will be at 8.90 per cent against the earlier
1722500355 Companies - 4 months ago
The company plans to utilise these funds to strengthen its lending capabilities across the MSME, Education, and Healthcare Equipment sectors, enhance
1722496112 Companies - 4 months ago
C-Edge Technologies, a tech service provider for cooperative banks, experienced a ransomware attack that disrupted online payment services for over 10
1722486562 Companies - 4 months ago
Indian banks transferred $2.5 trillion, or 80% of GDP, through smartphones. However, the RBI is now raising liquidity requirements for mobile-linked d
1722478807 Companies - 4 months ago
The pilot is expected to leverage a secure infrastructure that will enable financial institutions to exchange relevant information with strong privacy
1722452681 Companies - 4 months ago
The government's National Credit Guarantee Trustee Co Ltd has released ₹301 crore to Bank of Baroda (BoB) as part of its claim from loans given to t
1722449288 Companies - 4 months ago
A software glitch has disrupted online transactions at nearly 300 banks across India for the past three days, primarily affecting cooperative banks. T
1722439539 Companies - 4 months ago
RBI issues draft framework on Alternative Authentication Mechanisms for Digital Payment Transactions
The Reserve Bank of India announced new alternative methods for additional factor authentication (AFA) in digital payments, including options such as
1722433996 Companies - 4 months ago
RBI data for June 2024 indicated a slowdown in credit growth across sectors, except for large corporates, housing, and gold loans. Loans to large corp
1722429391 Companies - 4 months ago
Angel One Wealth has three business verticals, including HNI (high net-worth individuals), UHNI (ultra HNI) and alternate assets, it said. It can be n
1722427809 Companies - 4 months ago
Microfinance loan disbursal slowed in April-June due to elections and heatwaves, Sumant Kathpalia, chief executive officer of IndusInd Bank said last
1722416547 Companies - 4 months ago
most popular
Faster rollout of 5G wireless technology urged
Philippines - 2 hours ago
Hello Kitty owner plunges 17% on sharesale plan
Philippines - 2 hours ago
DTI, exporters develop FTA info portal
Philippines - 2 hours ago