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Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Payments processor FIS to cut debt with $11.7 billion stake sale in merchant unitFIS built its merchant business that processes transactions for companies when it acquired Worldpay for $43 billion in 2019. But new financ...
- Give banks capital relief for insurance backed trade finance products: IBA to RBIWhile the RBI permits capital relief to banks and FIs for policies from the Export Credit Guarantee Corporation (ECGC), similar treatment i...
- Tech Mahindra signs agreement with FIS, to acquire captive unit in AsiaAs part of the agreement, Tech Mahindra will buy FIS subsidiary Payments Technology Services for $9 million.
- FIS India flouts ATM service conditions of Bank of IndiaThe problem came to light due to a complaint by a whistleblower, a source aware of the developments told ET. The issue has been taken up th...
- FIS India revenue crosses $100 millionA bulk 70 percent of the revenue accrue from the payments front, while the rest come from the legacy core banking systems for retail banks.
- SBI, UCO Bank look for buyers to clear-off Rs 1,245 crore NPAIn terms of bank's revised policy in line with the regulatory guidelines, we place Zenith Birla (India) Ltd and Sona Alloys Pvt Ltd for sal...
- Fino ties up with FIS for financial services technologyFIS will provide a fully integrated banking and payments platform through a completely outsourced delivery model, which encompasses core ba...
- ESAF ties up with FIS for micro finance bankESAF Small Finance Bank was created to serve micro- and small-credit needs for women in parts of India where there is little bank represent...
- FIS to open financial inclusion lab in BangaloreFIS said it would open a financial inclusion lab in India to help develop new ways to extend banking services in far-flung parts of the cou...
- Bandhan Bank may begin operations by early 2015; partners Fidelity Information Services for techFIS would provide a fully integrated banking and payments solution platform to allow Bandhan to offer services to the underprivileged peopl...
- Take in account credit information reports in lending decisions: RBIRBI today asked banks to take into account 'credit information reports (CIRs)' from one or more agencies in all lending decisions and accou...
- FIS to deploy, manage 5,500 ATMs of state-owned banksUnder the multi-year agreement, FIS will provide end-to -end outsourcing services including supply, setup and ongoing ATM operation, the Ja...
- Rs 84,094 crores invested in food processing units across the countryCiting figures from National Manufacturing Competitiveness Council report, MoS for food processing said around Rs 84,094 crores are investe...
- Finmin expected to grant tax pass-through status to ARC trustsThe Finance Ministry is considering a proposal to grant a 'tax pass-through' status for trusts that distribute profits generated from the s...
- FI & IceThe queue is longer this time. Three financial institutions (FI) have lined up for budgetary support. These are the country’s biggest term ...
- Kelkar suggests breather to NPA-choked banks, FIsKelkar Task Force on Friday proposed amendment in Income Tax legislations to provide a major relief to banks and financial institutions for...
- RBI fiat to FIs on loans to directorsIn a move to obviate conflict of interest in lending operations of financial institutions, the RBI on Saturday directed them "not to grant"...
- RBI asks banks, FIs to set up fair practices code by April 2003Banks and financial institutions should put in place fair practices code lenders' liabilities by April 1, 2003 according to the recommendat...
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