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RBL Bank establishes special FD rates with up to 8.3% return
RBL Bank has increased special tenor fixed deposit (FD) rates, with the maximum rate now set at 8.05% for senior citizens, effective November 25. The maximum FD rate for non-senior citizens is 7.55% for tenures of 453 to 459 days, 460 to 724 days, and 725 days. On the other hand, the rates for super-senior
IDFC First Bank introduces FIRSTAP debit card
IDFC First Bank has issued FIRSTAP, a sticker-based debit card today. The launch is in collaboration with the National Payments Corporation of India (NPCI) to facilitate transactions by simply tapping the sticker on a point-of-sale terminal that supports Near Field Communication (NFC). Sumit Madan, head, retail liabilities and branch banking, IDFC First Bank, on the
Shriram Financial Ventures to serve as Shriram Group’s holding company
Shriram Capital Limited (SCL), the parent company of the Shriram Group and Shriram City Union Finance, will merge with Shriram Transport Finance in the near future. As a result, Shriram Financial Ventures (Chennai) Private Limited (SFVPL), which previously SCL’s holding company, would now be the promoter and holding company of the Group’s Financial Services and
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Supreme Court Upholds RBI Remit Over NBFCs; State Moneylending Laws Won’t Apply
Non-banking financial companies (NBFCs) will be regulated by the Reserve Bank of India (RBI) as the RBI Act takes a holistic approach to the...
Edelweiss General Insurance partners with Ashv Finance to offer digital loan protection to MSMEs
Digital Insurer, Edelweiss General Insurance (EGI), has joined hands with Ashv Finance, a tech-led NBFC present in over 100 locations in India, to offer...
Digital Payments
Mastercard partners SBI Payments to boost digital payments acceptance infrastructure in...
As an extension of its flagship campaign ‘Team Cashless India’, Mastercard organized three on-ground engagements in Guwahati, Lucknow and Varanasi to generate greater awareness...
PhonePe captures over 42% of overall UPI P2M market share
Leading digital payments platform PhonePe has emerged as the largest player on UPI merchant (P2M) transactions by capturing around 42 percent of the overall...
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