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Enkash has raise $20 million funding led by Ascent Capital

Enkash, a B2B fintech has raised $20 million in a new funding round led by Ascent Capital in collaboration with Baring India Private Equity...

Empowering farmers through digital J-forms – A significant step towards digital India

The government of Punjab has made J-forms available to farmers across the state on their mobile phones since April 1, 2022. Digitalization of the forms...

RuPay card now operational in Nepal

With the launch of RuPay payment card in Nepal, the country has become the fourth foreign country to operationalize the card. Prime Narendra Modi...

L&T Finance sells NPAs amounting Rs 3463 crore to Phoenix ARC

L&T Finance has sold Rs 3463 crore of non-performing assets to Kotak Mahindra Bank-backed Phoenix ARC Pvt in the last week of March. The...

Digital economy to witness exponential growth to $800 billion by 2030 – Finance Minister

Finance Minister, Nirmala Sitharamna said on Friday India’s digital economy is expected to witness growth to $800 billion by 2030 owing to rising internet...

Date extended to March 2023 for banks to implement new system to replenish cash in ATMs

The Reserve Bank of India (RBI) on Thursday has given another extension till March 2023 to banks to implement its direction on the use...

Finance Ministry forbids ministries and departments to issue “Letter of Comfort”

The finance ministry aiming at bringing transparency in fiscal matters and budgeting has forbidden ministries and departments to issue a ‘Letter of Comfort’ to...

Axis Bank acquires consumer banking biz of Citigroup

Axis Bank has acquired Citigroup’s consumer banking business in India by investing Rs 12,325 crore and expects the transaction to close in 9 to...

CredAble disbursed $3 billion to 1,50,000 SMEs in a year

CredAble, a working capital financing platform on Wednesday said that it has disbursed USD 3 billion to cash-strapped small and medium enterprises in the...

Govt will return all bank guarantees to telecom firms – Minister of state for communications

Minister of state for communications, Devusinh Chauhan said that the government has planned to return all bank guarantees provided by telecom operators. This decision...

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