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BFSI

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

Finance

The need of UPI-like platform for e-commerce

Newsdesk -
The proposed Open Network for Digital Commerce intents to keep a check on digital monopolies and create more inclusiveness within the digital commerce ecosystem....
Banking

Banks recover Rs 61000 crore via one time settlement

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The government has informed the Parliament that around 11 banks have recovered Rs 61,000 crore via one time settlement in nearly four financial years....
Finance

Prepaid cards bots of Fintechs leading to misuse of e-payments

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Issuing prepaid payment instruments by banks to retailers in bulk is being misused to generate transactions, which is helping some of the fintech firms...
Banking

Axis Bank announced a hike in Fixed Deposit interest rate

Newsdesk -
Axis Bank has announced a hike in the interest rates on its fixed deposits (FDs). As displayed on its official website, the bank has...
Banking

State Bank of India to sell NPA accounts to recover loan dues

Newsdesk -
The State Bank of India notified that it has lined up the sale of a dozen non-performing assets to recover loan dues of over...
Banking

Lenders need to monitor industries with fossil fuel links: RBI

Newsdesk -
The Reserve Bank of India(RBI) has asked all the banks to monitor the industries that are at risk of green transition as nations across...
Insurance

15.29 lakh new subscribers added to EPFO in January

Newsdesk -
As per the latest payroll data, Employees' Provident Fund Organisation (EPFO), a retirement fund body had added 15.29 lack subscribers in January 2022, which...
Banking

How will Paytm be impacted by curbs imposed by RBI?

Newsdesk -
The Reserve Bank of India (RBI) had imposed restrictions on new customer onboarding may not have a substantial impact on Paytm Payments Bank. However,...
Finance

Fewer EMI bounces indicates drop in loan defaults

Newsdesk -
Debit bounce rates on bank accounts have reached their lowest level since May 2019, indicating an improvement in the assets quality of banks. National...
Finance

One Moto India collaborates with Reliance General Insurance to offer motor insurance

Newsdesk -
One Moto India, an electric two-wheeler maker has collaborated with Reliance General Insurance to provide motor insurance to its customers. The EV maker has...
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