Banking
RBI Keeps Repo Rate Unchanged at 6.5%, Shifts Policy Stance to Neutral
In its October 2024 monetary policy meeting, the Reserve Bank of India (RBI) decided to maintain the repo rate at...
Policybazaar Parent Plans $100 Million Investment for 20-30% Stake in New Healthcare Venture
PB Fintech, the parent company of Policybazaar and Paisabazaar, is planning to invest up to $100 million for a 20-30%...
M2P Fintech Raises ₹850 Crore in Series D, Targets International Expansion and Acquisitions
M2P Fintech, a leading API infrastructure provider, has secured ₹850 crore (approximately $102 million) in a Series D funding round,...
75% of UPI Users May Abandon Platform if Transaction Fees Introduced: Survey
A recent LocalCircles survey indicates that 75% of UPI users in India would stop using the platform if transaction fees...
SoftBank backed Revolut to Launch Services in India by 2025
Revolut, one of Europe’s leading fintech companies, is set to launch its services in India by 2025, with a focus...
Fintechs Disburse ₹2.48 Trillion in Personal Loans, Expand Rapidly in Rural Areas, Experian Report
Fintech companies have taken a significant 52% share of the personal loan market, as noted in a recent Experian India...
Flipkart-Backed Super.Money Launches Co-Branded Credit Card, Enables Seamless UPI Integration
Flipkart-backed fintech super.money has launched a co-branded credit card in collaboration with Utkarsh Small Finance Bank. This allows users to...
Jai Kisan acquires majority stake in Kushal Finnovation Capital, expands rural fintech reach
Jai Kisan, a rural fintech startup, has received regulatory approval from the Reserve Bank of India (RBI) to acquire a...
India’s fintech sector to drive income and wealth creation: CEA V Anantha Nageswaran
In a recent address at the ninth Global Economic Summit in Mumbai, Chief Economic Advisor (CEA) V. Anantha Nageswaran underscored...
RBI issues Prompt Corrective Action Framework for Urban Co-operative Banks
The Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs),...
© 2024 Finclusion