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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

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DBS to Allocate up to $741 mn for Charity Over Decade

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Singapore: DBS Group, Singapore's largest bank (DBSM.SI), has announced a commitment of up to S$1 billion ($741.29 million) over the span of the next...
Banking

RBI Proposes AI-Powered ‘Conversational Payments’, Increases UPI Lite Transaction Limit

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Mumbai: RBI governor Shaktikanta Das introduced several new features during the Monetary Policy Committee meeting on Thursday. These enhancements include AI-powered transactions, offline payments,...
Finance

ADB, GoI Sign $295 Million Loan to Upgrade State Highways in Bihar

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New Delhi: The Asian Development Bank (ADB) and the Government of India have signed an agreement, securing a $295 million loan. The funds will...
Finance

PM SVANidhi’s App Launched for Street Vendors to Avail Micro-Credit Facility

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New Delhi: The Ministry of Housing & Urban Affairs (MoHUA) launched the mobile application of PM SVANidhi on 1st June, 2023, specifically designed for...
News

Universal Postal Union to Evaluate UPI Platform for Cross-Border Remittances Using Global Postal Network

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New Delhi: The Universal Postal Union is set to evaluate the integration of the unified payment interface (UPI) with cross-border remittances using the global...
Economy

India-UAE Sign Agreement to Settle Trade in Local Currencies

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Abu Dhabi: India and the United Arab Emirates (UAE) have inked agreements to facilitate trade settlement in their national currencies and establish a real-time...
Finance

‘India-Indonesia Economic and Financial Dialogue’ Platform Launched

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The platform seeks to strengthen cooperation between the two nations. New Delhi: Ms. Sri Mulyani Indrawati, the Minister of Finance of Indonesia, and Smt. Nirmala...
Banking

Now Pay in Rupees Using UPI at Eiffel Tower

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France: Prime Minister Narendra Modi announced on Thursday that India and France have come to an agreement to utilize the Unified Payments Interface (UPI)...
Banking

IFSCA, BITS Pilani Collaborate to Facilitate FinTech and TechFin Entities

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New Delhi: The International Financial Services Centers Authority (IFSCA) and PIEDS BITS Pilani have signed a Memorandum of Understanding (MoU) at BITS Pilani PIEDS...
Banking

New Agri Infra Fund Campaign Titled BHARAT Launched for Banks

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New Delhi: The Ministry of Agriculture and Farmers Welfare launched a one-month campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated...
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