The Hindu Businessline

The rebrand is supported by Eshiruss Group, which brings institutional and technology partnerships to strengthen the platform

Deeper integration of payment systems could also help reduce the cost and time involved in remittances sent by Indians working overseas, says PM

The Governor noted that over the past decade, FinTech has fundamentally reshaped the architecture of Indian finance

The stock hit an intraday low of 79.05 before recovering marginally to close at 81.22 on the NSE, with the traded volume surging to 690.74 lakh shares worth 571.93 crore

Global Fintech Fest in Mumbai to debate the risks associated with giving machines a big role in financial payments systems

The decision is taken after Union Finance Minister Nirmala Sitharaman on Monday met with a delegation of bank employees representing different Public Sector Banks (PSBs)

Lenders have raised more than $127 billion in such deposits since the central bank introduced them as part of one-off measures to strengthen India's balance of payments in the face of surging oil prices in June

Ongoing hacks are exposing decentralization once touted as one of cryptos greatest strengths as a vulnerability

The bonus covers eligible policies in force at the end of March and reflects the strength of the insurers participating funds.

The decision follows discussions with bank employees on ex-gratia, medical facilities for retirees and differences over performance-linked incentives.

REC raises Rs 500 crore through Indias first tokenised bond, with HDFC Bank, ICICI Bank and other investors participating in the issue

The penalty was imposed after an onsite inspection conducted during September 2019

Gold jewellery and consumer durables loans gather momentum

Theadvocates of the assesseeargued that under Clause 9.1.8of the NCLT-approved Resolution Plan, all pending tax proceedings and liabilities concerning RCLs subsidiaries relating to the pre-approval period were permanently extinguished and dismissed

Three Reliance ADA Group executives are among 17 accused named in the chargesheet. They are: Amitabh Jhunjhunwala, Amit Bapna, and Ramesh Shenoy, as per the CBI

FIIs reduced holdings in several private banks in the June quarter, with stakes in HDFC Bank, Kotak Mahindra Bank and Axis Bank declining sequentially

Banks dont want to lock up funds in longer tenor VRRR auctions and miss out on loan deployment opportunities, says expert

I am sure that Equitas Bank will also make an application at the appropriate time. And if a universal bank license is given to them, it is not a bad idea, said the former RBI Gov

In June, Emirates NBD Bank announced the successful completion of the acquisition of a majority stake in RBL Bank through a primary infusion of approximately $2.75 billion (about 26,000 crore)

Programme open to overseas students and professionals with up to two years of international work experience

The Rajasthan-based company believes the industry may need to move beyond the zero-MDR model for UPI and consider a nominal transaction-linked fee to fund investments

Banks offered substantially less than the notified amount as the RBI continued efforts to absorb surplus funds from the financial system

RBI will conduct an overnight variable rate reverse repo VRRR for 5 trillion rupees ($52.96 billion), after receiving offers for 2.59 trillion rupees for a 30-day auction that provided banks an early redemption option

Liquid Network, which develops a blockchain designed for faster transactions, had roughly 4,000 of the 4,200 Bitcoin held in its Liquid Federation wallet stolen

The rupee was lifted about 0.1 per cent by the intervention and was last hovering at 94.42 per dollar, compared with its close at 94.4850 in the previous session

The token fell to as low as $78,649, alongside stocks and bonds after nonfarm payrolls increased 162,000 in August

NCLT special bench stays repayment plan; NCLAT keeps banks appeal pending till October 7

Insurers tailor own-damage add-ons, named-driver plans and mileage-linked premiums

The transaction could likely raise scam-like fears as in the case Central Electronics Ltd which the Centre had to hurriedly abort, says EAS Sarma, former secretary to government

Bank is exploring the possibility of having a presence in Malaysia and Indonesia.

RBI approval lets insurer buy up to 9.99% within twelve months officially.

The CBI took action based on a complaint it received from the LICHFL on August 31, accusing Chandra and others of indulging in cheating, criminal conspiracy, and criminal breach of trust to defraud loans

The complaint alleges two loan facilities later went into default, while proceedings under the Insolvency and Bankruptcy Code brought his claims under scrutiny

The financial centre raised about $54.2 billion in overseas funds through GIFT IFSC after the RBI allowed India to seek capital abroad

The approval comes amid LICs recent expansion of its potential holdings in major private lenders, including HDFC Bank.

The panel brings together experts from professional, regulatory, technology and industry backgrounds to advise the audit oversight authority on emerging challenges

Leverage Bets: Five-year deposits dominate; Average leverage is 9 times

This comes in the backdrop of the banking system being awash with liquidity

IRDAI also cautioned against making payments or sharing banking and financial credentialsor other confidential information

Planning to open over 10 branches in small towns in TN under this segment

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Offers zero foreign exchange markup, airport privileges, and rewards on both travel and everyday spending

In Q1FY27, the company recorded GWP of 518 crore in the State and covered 5.3 lakh+ lives, with over 99% of its portfolio comprising retail health

Kotak Mahindra Bank and Fino Payments Bank are reportedly at the advanced stage of appointment process

The recent unexpected exits of CEOs from two of the largest private sector banks, HDFC and Kotak Mahindra Bank is set to test that confidence, even as those lenders boast of strong balance sheets, with bad loans near multi-year lows and capital levels robust, analysts say.

All-India Bank Officers Association (AIBOA) alleges valuation mismatches, inadequate transparency, and possible implications for minority shareholders in proposed deal

Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger

Higher borrowing costs are adding to affordability pressures for US households, while recent inflation data could influence the Federal Reserves September decision.