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Manappuram Finance unveils Ma-Money, a digital lending app
Manappuram Finance, a Kerala-based firm, recently launched Ma-Money, a digital lending platform designed to capitalise on the booming digital lending market. The primary goal of launching this app is to unify all of Manappuram Finance’s financial products under a single platform, making it more easy for users. The company, known for its competence in digital […]
Kotak Life Rewards Policyholders with Rs 840 Crore Bonus
Kotak Mahindra Life Insurance Company Limited (Kotak Life) has announced Rs 840 crore bonus for more than 6.5 lakh eligible participating policyholders for the fiscal year 2023. This is a 24% increase over the bonus declared for the fiscal year 2022. This year marks the 22nd consecutive year of bonus payments to policyholders, a practice […]
Dhanlaxmi Bank to introduce new candidate for part-time chairman position in the near future
Kerala-based Dhanlaxmi Bank is likely to propose a new candidate for part-time chairman in the coming weeks after the Reserve Bank of India (RBI) rejected the lender’s previous proposal to appoint G Rajagopalan Nair. “The bank has assured the regulator that it will send the new recommendation soon, probably within the next few weeks,” said […]
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AMU Leasing obtains debt fundraising from SBI
AMU Leasing, an EV Exclusive NBFC (Non-Banking Financial Company), has raised an unknown sum in its first formal debt fundraising from India's largest public...
FIDC-CRIF releases report on NBFC sanctions: Insights inside
Finance Industry Development Council (FIDC), a representative body of Asset and Loan Financing of the NBFCs registered with the Reserve Bank of India and...
Digital Payments
Axis Bank launches ‘MicroPay’ based on ‘Pin on Mobile’ technology for...
The first pocket-sized swipe reader in India based on "Pin on Mobile" technology was introduced by private sector lender Axis Bank. As the technological...
HDFC implements offline digital payments under sandbox of RBI
HDFC Bank has begun a pilot initiative to enable digital payments in the offline mode under a regulatory mechanism.
According to the largest private bank...
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