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RBI looking to put more wholesale transactions under e-rupee ambit: SourcesThe Reserve Bank of India (RBI) plans to expand the use of its central bank digital currency (CBDC), known as e-rupee, for wholesale transa...- Credit-based fintech startup KreditBee raises $80 million in funding from existing investorsKreditBee is now expected to close the fundraise at $125-150 million and it is expected to wrap up in the next three weeks
- View: How to take fintech banks to the next levelIndia has the highest fintech adoption rate of 87%, against the global average of 64%. Several new segments of fintech startups have emerge...
- Indian entrepreneurs create a record in new firm registration amid pandemicA whopping 1,55,377 new companies were registered in India during FY21 compared with 1,22,721 in FY20, according to Rubix Data Sciences.
- Tata Motors signs MOU with SBI for financing light commercial vehiclesThe collaboration with State Bank of India (SBI) will allow Tata Motors' commercial vehicle (CV) customers to avail of loans in a hassle-fr...
- Pine Labs launches AllTap app for contactless paymentsFintech startup Pine Labs aims to onboard a million new merchants this year through the AllTap app, which uses NFC technology for contactle...
- In times of pandemic, businesses are keeping in touch with clients by innovating on no-touch optionsKeeping in step with the times, India Inc has come up with innovative processes to bring in business but keep the virus away.
- Home loans take the digital route: Here’s what you need to knowFinancial institutions like PNB Housing Finance have read the room and introduced a user-friendly online platform. It empowers people to ap...
- Lendingkart launches co-lending SaaS platform for financial institutions, banks, NBFCsLendingkart 2gthr provides enhanced loan management capabilities, credit underwriting model and flexibility to configure co-lender specific...
- Mastercard partners with Signzy for global rollout of video KYCDeployment of video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This...
- SBI to institute work-from-anywhere infrastructure, hopes to save Rs 1,000 croreSpeaking to shareholders at the bank's 65th annual general meeting on Tuesday, he said the focus going forward will be on cost reduction, r...
- HDFC Bank extends digital auto loan offering to 1,000 cities across the countryThe product is available for bank customers with a pre-approved offer, and the bank claimed that it is the fastest online auto loan offerin...
- Hyundai launches end-to-end online car buying platform 'Click to Buy'W S Oh, Executive Director (Corporate Planning), HMIL said, “With the entire automotive ecosystem evolving around us, digital car buying pl...
- Government’s Rs 3 lakh crore MSME package best disbursed via digital MSME underwritingIf credit is not disbursed judiciously then the much need MSME credit guarantee package may not create the full bank-for-the buck.
- BharatPe launches two new features in its app to curb need to touch handsets for checking transactionsPaisa Bolega is a button introduced in BharatPe App. This converts the shopkeeper's smartphone into a loud speaker, announcing the value of...
- Contactless payments, digital loans make kiranas open doors to fintechTop fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small...
- PSBs told to fix one hour loan products for MSMEsThe ministry said all banks, which are now on board, will have at least one common product with the option to offer variations, enabling sm...
- Contactless banking for MSMEs to be the new paradigm: Fin Services Secretary Rajiv KumarGovt has started a web portal that enables MSMEs to obtain a loan of up to Rs 1 crore within an hour.
- With an eye on MSMEs, SIDBI launches a slew of consumer connect programmesChairman and Managing Director of SIDBI, Mohammad Mustafa launched a series of initiatives from its bank headquarters in Lucknow.
- Digital lending startup Lendingkart brings in Sistema Asia Fund for its Series-C raiseThe digital-lending space has seen steady funding in recent months. In June, lending startup MoneyTap raised $9 million from Sequioa India,...
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