Kotak Bank MD says in discussions with RBI, working to address concerns
BusinessLine - Money & Banking
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41m ago
RBI also highlighted that the rapid growth in the bank’s digital transaction volumes, including transactions pertaining to credit cards, adding that the restrictions will be reviewed upon completion of a comprehensive external audit ..read more
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IIFL Samasta Finance adds three distinguished members to its Board
BusinessLine - Money & Banking
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41m ago
Former NabardABARD Chairman Chintala joins Board of mMicrofinance lender ..read more
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Movement Labs raises $38 m funding led by Polychain Capital
BusinessLine - Money & Banking
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41m ago
The funding will be utilised in the company’s aim to bring Facebook’s Move Virtual Machine to Ethereum ..read more
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RBI warns against using prepaid payment instruments from unauthorised entities
BusinessLine - Money & Banking
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3h ago
The advisory mentioned TalkCharge Technologies, which issued PPIs (Wallets) via its website and app ‘TalkCharge’ without the required authorisation under the Payment and Settlement Systems Act, 2007 ..read more
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Bajaj Finance’s consolidated PAT up 21% in Q4, margins shrink 21 bps
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3h ago
A good quarter on AUM, customer acquisition, portfolio metrics and operating efficiencies. However, dampener for the quarter were elevated loan losses in rural B2C and continued impact of regulatory restrictions ..read more
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Tata AIA Life achieves milestone of ₹1 lakh crore in AUM
BusinessLine - Money & Banking
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3h ago
Assets under management doubled in less than 3 years ..read more
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IndusInd Bank Q4 PAT up 15% on healthy NII growth, stable margins
BusinessLine - Money & Banking
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3h ago
NII for the quarter grew 15 per cent y-o-y and 2 per cent q-o-q to ₹5,376 crore ..read more
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Loans bundled with insurance products by SFBs under scrutiny
BusinessLine - Money & Banking
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3h ago
RBI and IRDAI are questions banks and insurance companies for the need to make such products mandatory for borrowers ..read more
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Nabard, RBIH link up to ease agri loan access
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6h ago
Nabard, Reserve Bank Innovation Hub link credit portals to facilitate five-minute loan grant process ..read more
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Q4 results preview: Bajaj Finance PAT seen up 22-34%
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8h ago
Bajaj Finance’s margins to contract on higher cost of funds ..read more
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