Banking and Finance

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Govt to borrow Rs 5.03 lakh crore in second half of FY22 to fund revenue gap

GoI Decided to Borrow Rs 5.03 lakh crore in H2 FY22 

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RBI issues new rules for securitisation of standard assets, loan transfers

RBI Issued Master Directions on Securitisation of Standard Assets, Transfer of...

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Bank deposits rise 12 per cent in FY21 on higher CASA growth

Bank Deposits Grew by 11.9% in FY21 due to Higher CASA...

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DFC and USAID announce $55 million guarantee programme in India

DFC and USAID Announce $55 million Credit Guarantee Programme to Address...

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India Post Payments Bank in Strategic Alliances with Tata AIG General Insurance, Bajaj Allianz for Non-Life Insurance Products

IPPB Partnered with Tata AIG General Insurance, Bajaj Allianz to Distribute...

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PayPoint India partner with Bank of Baroda to widen reach of banking services

PayPoint India partnered with BoB to expand Banking Services reach

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LIC launches mobile app 'PRAGATI'

LIC launches ‘PRAGATI’ mobile app for Development Officers

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RBI Monetary Authority of Singapore announce project to link UPI and PayNow

RBI-MAS to link UPI and PayNow; RBI imposes Rs 1 Lakh...

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Co-lending Punjab & Sind Bank ties up with Indiabulls

Punjab & Sind Bank ties up with Indiabulls; PNB to sell...

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RBI announces opening of third cohort under Regulatory Sandbox

RBI announces opening of 3rd cohort under RS; 6 entities completed...

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Hero Insurance Broking gets nod for risk, reinsurance

IRDAI Issues Composite Broking Licence to HIBIPL; Selling & Renewal Of...

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NPCI, Fiserv to open RuPay API platform

NPCI partners with Fiserv to launch RuPay API Platform – “nFiNi”

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Eight Major Banks Join the Account Aggregator Network

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Entry age increased

PFRDA Increased the NPS Entry Age from 65 to 70 Years

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IMF allocates

IMF Allocated USD 17.86 billion to India under SDRs

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Exim Bank provides USD 100 mn loan

EXIM Bank provides USD100mn loan to Africa Finance Corp for Infra...

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Axis Bank partners with BharatPe to expand its merchant acquiring business

BharatPe Partners with Axis Bank for its POS Business

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IDBI Intech implements its innovative Anti Money Laundering solution at LIC

IDBI Intech Implements Innovative Anti Money Laundering Solution at LIC 

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PhonePe receives in-principle approval from RBI

Phone Pe – Received Approval from RBI to Operated AA; Received...

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Remittances to Nepal

RBI Increased the Indo-Nepal Remittances Transaction Cap to Rs 2 lakh...

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RBI issues Master Directions on Prepaid Payment Instruments

RBI Issued Master Direction on PPIs

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Afcons inks pact for $530-million infra project in Maldives

Afcons Signed a $530-million Infrastructure Project in Maldives

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JSF Bank ties up with two co-op banks to offer digital, payment services

Jana SFB Partnered with HCBL, Mysore Merchants Co-operative Banks to Offer...

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RBI: PIDF scheme Extended to Street Vendors under PM SVANidhi in...

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LoanTap Collabarates with SBM Bank & Rupay to Launch 1st LIMITLESS...

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MeitY Startup Hub Sign MoU with Paytm to Support Deep-Tech Start-Ups

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Google Tie up with Setu to Open FDs on GPay; Google...

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RBI Released Recommendations of Expert Committee on UCBs; RBI to Launch...

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RBI Introduced Automation System ‘PRISM’ to Strengthen Supervision

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NABARD’s Loan Extension in FY21 Rose by 25.2%: NABARD Annual Report

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ICICI Bank Germany launches Blocked Account for Indian students

ICICI Bank Germany Launched Blocked Account for Indian Students to Study...

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HDFC unveils ‘Green & Sustainable’ FD

HDFC Introduced ‘Green & Sustainable’ FD; HDFC Life Released Life Freedom...

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