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RBI imposes monetary penalty on 2 different P2P private lender

RBI imposes penalty on NDX P2P Private Limited for regulatory non-compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,92,00,000/- (Rupees...

NPCI incorporates NPCI BHIM Services Ltd (NBSL) as a wholly owned subsidiary

NPCI establishes NPCI BHIM Services Ltd. as wholly owned subsidiary to boost digital payments ecosystem National Payments Corporation of India (NPCI) has announced the incorporation...

Securitization volumes generated by affordable housing finance companies are projected to rise by 27% in FY2025: ICRA

ICRA Projects Securitisation Volumes by affordable housing finance companies to Reach Rs 8,800 Crore in FY2025 ICRA anticipates that securitization volumes originated by affordable housing...

IDB, World Bank, and CAF strengthen collaboration to combat transnational organized crime in Latin America and the Caribbean

IDB, World Bank, and CAF Join Forces to Enhance Knowledge and Strengthen Security Policies in Latin America and the Caribbean The Inter-American Development Bank (IDB),...

NBFCs fairly resilient to intensifying headwinds; however,growth to moderate to 13-15% in FY2025: ICRA

ICRA's Outlook on NBFCs: Challenges and Growth Projections: ICRA highlighted that the non-banking financial companies(NBFCs)shall witness headwinds related to funding availability, which is likely to...

Fintech news: Cards and convenience reign supreme in Aotearoa: Report

Fintech News: Xero Report Highlights the Importance of Payment Convenience for Kiwi Consumers Amid Barriers for Small Businesses New research from the global small business...

World Bank group launches high-level advisory council on jobs to address global south employment crisis

World Bank Group Launches High-Level Council to Address Looming Jobs Crisis The World Bank Group today announced the creation of the High-Level Advisory Council on...

Xero announces new integration partnership with caseware at Xerocon Nashville

Xero announces new partnership with audit and accounting platform, Caseware Xero, the global small business platform, has announced a new integration partnership with Caseware, a...

SBI announces key leadership changes: Appoints Rana RK Singh as Managing Director

SBI appoints Rana RK Singh as Managing Director; Announces significant leadership changes The State Bank of India has implemented significant leadership changes. Rana Ashutosh Kumar Singh...

RBI tightens regulations for Housing Finance Companies to align with NBFC norms

RBI in action: RBI tightens regulations for HFCs The Reserve Bank of India (RBI) has introduced stricter regulations for Housing Finance Companies (HFCs) to align their...

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

SBI aims to sell Yes Bank stake: State Bank of India (SBI) currently holds approximately 24 percent of Yes Bank, while 11 other lenders, including...

RBI Imposes ₹5 lakh penalty on Muthoot Housing Finance for Non-Compliance

RBI Imposes ₹5 lakh penalty on Muthoot Housing FinanceThe Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,00,000/- (Rupees Five...
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BlackRock forecasts cryptocurrency and blockchain as key market forces by 2026

BlackRock, the global investment giant overseeing $10 trillion in assets, has highlighted Bitcoin, Ether, and stablecoins as key forces shaping global markets by 2026. In...

Binance will list Ripple USD (RLUSD) and introduce RLUSD zero trading fee promotion

Ripple's dollar-pegged stablecoin RLUSD will launch spot trading on Binance starting Thursday, initially supporting the Ethereum blockchain, with integration into Ripple's own XRP Ledger...

Cabinet approves continuation of Atal Pension Yojana (APY) and extension of funding support for promotional and developmental activities and gap funding till 2030-31

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today approved the continuation of Atal Pension Yojana (APY) up to FY 2030-31...

Cabinet approves equity support to Small Industries Development Bank of India

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank...