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BFSI

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

Banking

RBI gives nod to Rural Co-operative Banks to raise capital from preference shares & debt instruments

Newsdesk -
The Reserve Bank of India (RBI) on Tuesday had given a nod to Rural Co-operative Banks to raise capital from people in their area...
Finance

Poonawalla Fincorp collaborates with Krazybee, eyeing Rs 1000 crore digital loans in FY23

Newsdesk -
Poonawalla Fincorp Limited has collaborated with Krazybee to enter the digital consumption loans sphere. KrazyBee Services Pvt Ltd is a Non-Deposit taking Non-Banking Financial...
Banking

Digitally advanced Bank of Baroda aims to disburse loans through digital bank

Newsdesk -
After smartening up its infrastructure to support the digital departments internally, Bank of Baroda is now targeting at least 65 percent of retail originations...
Banking

2.5 lakh accounts connected with the AA system

Newsdesk -
According to the data released by Sahmati, account owners have linked around 248,000 accounts to the Account Aggregator (AA) system across financial information providers...
Banking

USD 500 million raised by SBI through IFSC Gift City branch

Newsdesk -
The State Bank of India on Monday announced that it has raised $500 million through its IFSC Gift City branch. According to the statement...
Banking

EMI to become costlier as SBI is set to hike interest rates

Newsdesk -
The largest public sector bank in the country, State Bank of India has hiked the MCLR interest rate by ten basis points across all...
Finance

Over 30,000 SME brands in retail serving 80 percent India’s population – CAIT

Newsdesk -
According to the traders’ body, Confederation of All India Traders (CAIT), more than 30,000 regional-level small and medium enterprise brands are catering to the...
Finance

WhatsApp to expand in the digital payment space by onboarding 500 million Indians

Newsdesk -
Meta-owned WhatsApp is aiming to speed up the adoption of the Unified Payments Interface (UPI) for the next 500 million Indians. The firm said, “Our...
Banking

Banks to spend on cyber security measures to avoid cyber attack

Newsdesk -
C V Anand, city police commissioner in a meeting organized by the Reserve Bank of India with the representative of 51 Urban Cooperative banks...
Finance

Rs 5,000 crore infused by Centre into three state-run insurance companies

Newsdesk -
The Centre has raised the authorized capital of three state-run insurance firms to enable subscription of capital. These companies are National Insurance Co. Ltd...
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