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2 mins read
Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions
Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …
2 mins read
FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US
Foreign investors pulled nearly Rs 20,000 crore from Indian stocks this month, driven by China's ch…
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
7 mins read
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
1 min read
Paytm shares jump 6.50 pc on getting NPCI nod to onboard new UPI users
Shares of One97 Communications rose over 6% after NPCI approved Paytm to onboard new UPI users, adh…
PTI
2 mins read
RBI MPC announcement today: Rates unlikely to change, RBI may change stance to neutral
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) me…
4 mins read
Status-quo on interest rate likely, say experts ahead of RBI's policy review
The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…
PTI
6 mins read
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
3 mins read
RBI to focus on disinflation, food inflation sticky to core, note RBI's MPC minutes
The fiftieth meeting, conducted under Section 45ZB of the RBI Act, 1934, ended with the decision to…
ANI
4 mins read
RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly
MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…
2 mins read
Cash-logistics company Radiant Cash Management raises ₹116 crore from anchor investors
Radiant Cash Management Services Limited (RCMS), an integrated cash logistics company in India has …
2 mins read
Adani Enterprises withdraws RHP, cancels agreements with several parties
Adani Enterprises Ltd - the flagship company of the Adani Group - on Thursday said it is withdrawin…
2 mins read
Yes Bank shares tumble after rallying 26% in the last five days – analysts recommend caution
Global brokerage firm Morgan Stanley initiated coverage of Yes Bank, giving it an ‘underweight’ rat…
2 mins read
Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC
The Bombay High Court has said banks and financial institutions should pass reasoned orders before …
PTI
1 min read
ED issues notice to Pune businessman in Yes Bank-DHFL fraud case
In 2018, Bhosale had received around Rs 68.82 crore from DHFL and called it consultancy charges. Th…
3 mins read
Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000
The Centre issued the moratorium notification under Section 45 (2) of the Banking Regulation Act…
3 mins read
Yes Bank share price nose dives 72% after RBI limits withdrawals
Currently, Yes Bank is trading at ₹15.40 — having lost over half its value since yesterday. T…
3 mins read
₹2,000 note withdrawal – How to exchange them, is it a legal tender and other questions answered
The Reserve Bank of India (RBI) last week announced that it is withdrawing the ₹2,000 notes from ci…
2 mins read
UPI in 2024 – Five rule changes that you need to know
The year 2024 has begun and with this, there have been some changes in the financial sector. Unifie…