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BFSI

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

Finance

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

Newsdesk -
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...
Finance

RBHI collaborates with IIT Madras Incubation Cell

Newsdesk -
RBI Innovation Hub (RBIH) has collaborated with IIT Madras Incubation Cell (IITMIC) to create a fintech ecosystem in India that is very important to...
Finance

India gave a nod to foreign investment amounting $1.79 billion from neighboring countries

Newsdesk -
India on Wednesday has said that it has given a nod to foreign investment worth $1.79 from neighboring countries. Earlier in April 2020, India had...
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