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BFSI

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

Finance

Over 37,000 feature phones users joined UPI services so far – Minister of State for Finance

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The digital payment service designed for feature phones has over 37,000 users since its launch on March 8, 2022. Also, 21,833 transactions have been...
Finance

MFIN data reveals 10 percent rise in microfinance loan

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As per the report released by Microfinance Institutions Network (MFIN), the microfinance loan has grown by 10 percent YoY to Rs 2.56 lakh crore...
Banking

ICICI Bank to acquire 10 lakh equity shares in ONDC

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ICICI Bank ICICI Bank on Tuesday said that it will invest Rs 10 crore to buy 10 lakh equity shares in Open Network for Digital...
Banking

HDFC Bank to acquire stake in IDRCL for Rs 3 crore

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HDFC Bank on Tuesday has announced that it has entered into an agreement to invest Rs 3 crore in the first tranche to acquire...
Banking

How banks can compete with Fintechs in the digital offerings

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Fintech payments firms have played a crucial role in the rapid growth of digital payments in India. However, the dominance of these fintech companies...
Finance

Vivriti Capital raises $55 million funds from existing investors

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A mid-market lender, Vivriti Capital has raised $55 million from two of its existing investors, Lightrock India and Creation Investments in a new funding...
Finance

FPI outflow on rise in 2022

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Amid heightening geopolitical tensions between Russia and Ukraine and inflation concerns, foreign investors have pulled out a net Rs 1,14,855.97 crore from the Indian...
Banking

No disabled student has availed Free Coaching Scholarship from 2019-2022 – Parliamentary Committee Report

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A report by the parliamentary standing committee tabled in the Lok Sabha on Thursday has revealed that the number of disabled students availing Free...
BFSI

6 percent stake acquired by PNB in public digital e-commerce platform

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Punjab National Bank said it has acquired a 6 percent stake in Open Network for Digital Commerce (ONDC), a digital e-commerce platform for Rs...
Banking

SBI collaborates with housing finance companies to provide affordable loans

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The State Bank of India (SBI) on Thursday said that it has collaborated with five housing finance companies to serve the underserved and unserved...
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