Debt mutual funds suffer ₹97,000 crore outflow in May
Data released by the Association of Mutual Funds in India (AMFI) reveals that debt-oriented mutual fund schemes suffered a massive…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
PhonePe, CRED allow rent payment using credit cards
In a significant move that could restore a favorite cash-flow optimization hack for urban tenants, fintech giants PhonePe and CRED…
Paytm planning to hire 4,000 employees
Signaling a definitive transition from cost-cutting back to growth, Indian fintech pioneer Paytm has announced plans to recruit approximately 4,000…
RBI to ease overseas investor rules for listed companies
In a massive regulatory shift aimed at insulating the local currency and reversing persistent portfolio outflows, the Reserve Bank of…
RBI new poilcy to attract Foreign Inflows Of $45-80 Billion
In a decisive response to a widening Balance of Payments (BoP) deficit and mounting pressure on the local currency, the…
HDFC bank warns it’s agents to stop mobilising govt funds
In a significant restructuring of its third-party sourcing channels, HDFC Bank, India’s largest private sector lender, has officially prohibited its…
PwC find ₹2,200 crore lapses in IndusInd bank
In a massive disclosure that has sent shockwaves through India’s financial sector, a confidential review conducted by PricewaterhouseCoopers (PwC) has…
RBI keeps repo rate steady at 5.25%
Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has unanimously voted to keep the policy repo rate unchanged at…
RBI ease rules for NRIs to invest in India
In a major move to attract foreign capital and deepen retail participation from the Indian diaspora, the Reserve Bank of…
Govt plan to raise deposit insurance limit from ₹5L to ₹7.5L
The Union Ministry of Finance, alongside the Reserve Bank of India (RBI), is advancing a strategic plan to raise India’s…