Companies give Bond Street a pass, take bank route for fundsCorporate borrowers are increasingly favoring bank loans over bond issuances as rising capital market yields diminish the cost advantage of...
Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizensBajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These re...
Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
India's first maritime-focused lender eyes $1 bln FY27 fundraiseSagarmala Finance Corp. will raise 100 billion rupees in FY27. This funding will support ports, shipbuilding, and waterways. The company wi...
RBI gives operational flexibility to NBFCs for branch expansionThe Reserve Bank of India has eased rules for non-banking financial companies. NBFCs can now open branches without prior approval in most s...
TCS Nashik case escalates; Zepto’s road to IPOHappy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at its Nashik unit. This and more in to...
Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
NBFCs seek easing of LCR norms, propose graded haircuts for bonds; finance ministry asks RBI to review industry demandNBFCs have urged the finance ministry to replace flat LCR haircuts on lower-rated bonds with a graded system to boost liquidity and incenti...
Account aggregators power 71% surge in loan disbursementsLoan disbursements facilitated by account aggregators (AAs) reached Rs 24,000 crore in the first half of FY26, up 71% from H1FY25, said Sah...
Sahamati plans interoperability for small aggregators for a level playing fieldWith interoperability, Sahamati aims to address the issue of each AA needing to integrate with every bank in order to establish an operatio...
Small account aggregators trip on a big bank issue in new twistThe NBFC-AA ecosystem works in a manner that banks, insurance companies and asset management firms, who have large client bases, provide fi...
PhonePe surrenders NBFC-Account Aggregator licencePhonePe has decided to exit the Account Aggregator business and instead partner with other Account Aggregators (AAs) in the market.
PB Fintech secures account aggregator licence from RBIThe business, which will be operated by its subsidiary PB Financial Account Aggregator, will assist Paisabazaar access the financial data o...
Total number of consents processed by NBFC-AA crosses 100 million: SahamatiAccording to CEO BG Mahesh, use cases are rising with financial information users using AA for streamlined tasks like customer onboarding t...
NBFC account aggregators hit by cyber frauds, home ministry steps in with technical helpThe account aggregator (AA) ecosystem is facing the threat of cybercriminals, with fraudsters gaming their systems to access customer data ...
GSTN included in financial information providers list under Account Aggregator framework"Department of Revenue shall be the regulator of GSTN for this specific purpose and Goods and Services Tax (GST) Returns, viz. Form GSTR-1 ...
PNB's account aggregation platform goes livePunjab National Bank is the second public sector lender to go live in the ecosystem, acting as Financial Information User (FIU) and Financi...