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BFSI

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

Finance

Digital payments in India powered by Payment Aggregators

Newsdesk -
The digital payment industry in India is growing at a fast pace. The statistics by the Reserve Bank of India have revealed that the...
Finance

Xpedize is acquired by Fintech Saas company Clear

Newsdesk -
Xpedize, a supply chain finance firm Xpedize has been acquired by Fintech SaaS firm Clear, formerly known as ClearTax. Xpedize will be now known...
BFSI

Companies facing disrupt challenges to get cash flow support from lenders

Newsdesk -
Banks are planning for contingency cash flow support and credit enhancement scheme to address the disruption challenge faced by mid-corporate companies. These companies are...
BFSI

Tata Group to introduce its own UPI-based app

Newsdesk -
Tata Group is going to give stiff competition to some of the leading UPI based service providers including PhonePe, WhatsApp Pay, Google Pay, Paytm,...
BFSI

Check out the 5 tips shared by SBI to ensure your ATM Safety

Newsdesk -
The State Bank of India (SBI) has shared some effective safety tips and precautions to be adhered by its customers to avoid or reduce...
BFSI

IT audit guidelines laid out for Paytm Payments Bank – RBI

Newsdesk -
The Reserve Bank of India has decided to set the terms of reference for an independent technology audit of Paytm Payments Bank. This decision...
BFSI

Reserve Bank of India removes interest cap for microfinance loans

Newsdesk -
The Reserve Bank of India has increased eligibility criteria for microfinance loans to a household having an annual income of up to Rs 3...
BFSI

Banks possibly will miss the March-end deadline to transfer Rs 50,000 crore bad loans to NARCL

Newsdesk -
The March-end deadline given for transferring Rs 50,000 crore by banks to National Asset Reconstruction Company (NARCL) is unlikely to be met. The main...
BFSI

‘Foreign’ private banks need government approval to back debt recast firm

Newsdesk -
The private sector India Debt Resolution Co (IDRCL) which is helping the public sector bad bank resolve non-performing assets (NPAs), will take some additional...
BFSI

EPFO fixes 8.1 per cent as interest rate on PF deposits for 2021

Newsdesk -
The Employees' Provident Fund Organisation (EPFO) has fixed 8.1 per cent as the interest rate on Provident Fund deposits for the current 2021-22. The...
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