Clipped from: https://economictimes.indiatimes.com/small-biz/money/understanding-the-rise-of-embedded-finance-in-post-covid-economy/articleshow/81721224.cmsSynopsis Millions of customers have already benefited from embedded finance due to the attractive rewards given by the technology platforms for payments and timely
Category: RBI–Banks
Chingari app: OnMobile leads $13 million funding in short-video app Chingari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/funding/onmobile-leads-13-million-funding-in-short-video-app-chingari/articleshow/81816484.cmsSynopsis OnMobile will integrate and distribute its direct-to-consumer gaming platform, ONMO, on the Chingari app. Mobile entertainment solutions providerOnMobileNSE 4.99 % is leading a $13
MobiKwik Data Leak: RBI orders MobiKwik to urgently probe alleged data leak – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/rbi-orders-mobikwik-to-urgently-probe-alleged-data-leak/articleshow/81838000.cmsSynopsis MobiKwik, which is backed by Sequoia Capital and Bajaj Finance, has faced growing criticism this week for denying a data leak many customers
RBI orders Mobikwik to undertake forensic audit over data breach–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/current/economy-politics/rbi-orders-mobikwik-to-undertake-forensic-audit-over-data-breach/story/435436.html The Gurugram-based company has, however, claimed that its systems are secure and that there is no basis to the allegations of data breach
Government reverses decision to cut small savings rates | Business News,The Indian Express
lipped from: https://indianexpress.com/article/business/interest-rates-small-saving-schemes-nirmala-sitharaman-withdraws-order-7253695/ Finance Minister Nirmala Sitharaman said Thursday morning that the “orders issued by oversight shall be withdrawn”. Union Finance Minister Nirmala Sitharaman (File Photo)
Is RBI fighting the wrong battle? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/is-rbi-fighting-the-wrong-battle-967411.html Forgotten in this tug of war is the question of whether interest rates really matter under Indian conditions RBI Governor Shaktikanta Das. Credit:
UPI transactions cross ₹5 lakh crore in March – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/upi-transactions-cross-5-lakh-crore-in-march/article34214387.ece?homepage=true Unified Payments Interface (UPI), the flagship digital payment platform, touched a new high in March and crossed the ₹5 lakh crore mark in
Say ‘Na, No, Never’ to suspicious calls and safeguard yourself from scams – Times of India
lipped from: https://timesofindia.indiatimes.com/spotlight/say-na-no-never-to-suspicious-calls-and-safeguard-yourself-from-scams/articleshow/81631219.cmsWith an increase in sophisticated cybercrimes targeting an individual or company’s hard-earned money, the need for ensuring adequate awareness has also gradually increased. An
Slippery slope | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/slippery-slope-121033101333_1.html Guaranteeing DFI debt will increase systemic risk Parliament has cleared the way for setting up the National Bank for Financing Infrastructure and Development
Why MSMEs are still looking for more government support? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/why-msmes-are-still-looking-for-more-government-support/2223993/ Ease of Doing Business for MSMEs: As the new fiscal begins, MSMEs share their asks from the government to help them get their
Emergency credit line guarantee scheme extended till June 30–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/emergency-credit-line-guarantee-scheme-extended-till-june-30/story/435370.html ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total
The four serious problems with India’s bad bank plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-the-four-serious-problems-with-indias-bad-bank-plan/articleshow/81788240.cms Synopsis–One has to factor in the enormous gains that accrue from enabling bad loan-strapped banks to function smoothly. That said, when policymakers talk
RBI asked to ensure retail inflation remains at 4% till March 2026, says top official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/govt-rbi-retain-2-6-inflation-target-for-5-years-ministry-official/articleshow/81781131.cmsSynopsis The earlier monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India in 2015, had set up
Push e-mandate rules to June for smooth transition, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/push-e-mandate-rules-to-june-for-smooth-transition-say-experts/article34200070.ece The deadline for implementing the Payment Aggregators and Payment Gateways (PAPG) guidelines should be extended till June to enable smooth transaction, according to
Govt not interested in footing Rs 8,000-cr moratorium bill for banks | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-not-interested-in-footing-rs-8-000-cr-moratorium-bill-for-banks-121033001212_1.html Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said
‘Fintech can bridge MSME credit gap with digital data to assist risk analysis, cash flow-based lending’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-fintech-can-bridge-msme-credit-gap-with-digital-data-to-assist-risk-analysis-cash-flow-based-lending/2223151/ Credit and Finance for MSMEs: Access to reliable data in an “easy to access and analyse” digital format is at the center of
SBI to revamp MSME lending ops to increase efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sbi-to-revamp-msme-lending-ops-to-increase-efficiency/2223469/ “With the objective of becoming banker of choice for MSMEs, SBI intends to improve existing processes and structure in the SME space for
Your Queries (Loans): To avail PMAY, sell existing property and buy new one with home loan – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-3/2223431/ Once the home loan is fully repaid the PMAY subsidy is not possible to avail. You may request for an extension of moratorium.
Automatic recurring payment to comply with RBI direction from April 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/automatic-recurring-payment-to-comply-with-rbi-direction-from-april-1/articleshow/81762812.cmsSynopsis Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried following
Retail loans set to become largest segment for Indian banking industry | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-loans-set-to-become-largest-segment-for-indian-banking-industry-121033000016_1.html Lenders depending on personal loans rather than industrial credit According to the Reserve Bank of India (RBI) data, banks shrunk their industrial and
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