Economic Times
According to the BCG report “The Poster Child”, 75% of digital payments and loans and 25% of new digital accounts will originate from third-party
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
About 300 small Indian banks were temporarily offline following a ransomware attack on C-Edge Technologies, which provides tech services to the banks.
“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
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
The industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and implementi
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
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
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.
A ransomware attack by the RansomEXX group has disrupted India's banking system and payment firms, affecting around 300 small-sized lenders across the
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
The company plans to utilise these funds to strengthen its lending capabilities across the MSME, Education, and Healthcare Equipment sectors, enhance
C-Edge Technologies, a tech service provider for cooperative banks, experienced a ransomware attack that disrupted online payment services for over 10
Indian banks transferred $2.5 trillion, or 80% of GDP, through smartphones. However, the RBI is now raising liquidity requirements for mobile-linked d
The pilot is expected to leverage a secure infrastructure that will enable financial institutions to exchange relevant information with strong privacy
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
A software glitch has disrupted online transactions at nearly 300 banks across India for the past three days, primarily affecting cooperative banks. T
The Reserve Bank of India announced new alternative methods for additional factor authentication (AFA) in digital payments, including options such as
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
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
