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Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Paytm loss widens to Rs 840 crore, revenue falls; fintech plans to cut staff cost by Rs 500 crorePaytm's Q1 financials were mainly impacted by RBI's action in March when it asked Paytm Payments Bank to halt banking services. The digital...
- RBI policy on stability: Will not wait for house to catch fireThe Reserve Bank of India (RBI) has defended its recent regulatory measures for banks and non-banking finance companies (NBFCs), emphasizin...
- ET Startup Awards 2023: Revealing Comeback Kid & Best on Campus nominees; banks eye BNPL via UPIAfter revealing the eleven-member stellar jury for The Economic Times Startup Awards (ETSA) 2023 and the nominees for Bootstrap Champ and T...
- Exclusive: India mulls new valuation norms for angel tax; Amazon, Samara eye stake sale in More RetailIndia is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investmen...
- Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
- Money View in talks with Apis Partners for $150 million funding round at unicorn valuationPE giant Apis Partners tipped to lead the round, which is expected to value Money View at a little over $1 billion.
- Important to understand RBI objective, we remain well capitalised: Slice CEO BajajBajaj's note comes after a circular from the Reserve Bank of India (RBI) last month sent the fintech industry into a tizzy.
- LazyPay updates terms to comply with RBI orderThe buy-now-pay-later (BNPL) service asked customers in a message on Thursday to accept the terms, failing which all transactions would be ...
- Why India is no fan of buy now, pay later planThe RBI doesn’t have a problem with 90-second credit. The regulator was even willing to let nonbank finance companies, or NBFCs, retain the...
- Fintechs seek six months to comply with RBI credit rule“This is very critical as other RBI guidelines like the one on co-branding cards came in advance, giving time to companies to react. Monday...
- Fintechs to ping government, RBI on central bank noteThe industry groupings are likely to also highlight the quantum of global capital that’s been invested in the space and how such disruption...
- Fintechs behaving like banks may have triggered RBI order on credit linesThe fintech companies likened the order to giving traditional banks significant control of the sector's innovation stack, potentially affec...
- RBI circular leaves fintech firms dazed and confusedThe banking regulator believes that fintechs, unlike traditional lenders, lack sufficient capital and credit underwriting capabilities, sai...
- RBI rejects idea of digital-only banks; VPNs banned for govt employeesEarlier today, the RBI governor said the central bank has not accepted proposals for digital-only banks as such entities would pose risks t...
- From BNPL schemes, gold hallmarking to new auto debit mandate: 11 personal finance changes, trends seen in 2021Here is a look at major trends and changes that impacted our personal finances in 2021.
- Buy Now, Pay Later or credit card: Which is better for you?While credit cards typically come with an interest-free credit period of up to 45 days, under BNPL the interest-free credit period is for m...
- Visa, Mastercard hop on for 'Buy Now Pay Later' ride, plan launch in India by end of FY22BNPL is a credit option that gives customers at storefronts and on ecommerce pages the option to defer payments free of cost or to convert ...
- Buy now, pay later or party now, worry later: Decoding the latest finance fadDeveloped to cater to the underserved and unserved section of the population and the new generation that’s geared towards instant gratifica...
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