NEWSLETTER, Tuesday 18th July 2023
Easebuzz revealed its results for FY 23. The platforms yearly Gross Transaction Value (GTV) processed throughout the year reached a new high of INR 70,000 crores, representing a 2.5x increase over FY22.
HDFC Bank, the countrys largest private lender, recorded 30 per cent Year-on-Year growth in first-quarter earnings, exceeding forecasts.
The RBI and the Central Bank of the UAE (CBUAE) signed two MOUs concerning the promotion of local currencies for cross-border transactions and the interconnection of the payment systems UPI with the UAEs Instant Payment Platform (IPP)."
State Bank of India raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across all tenures, causing borrowers EMIs to rise.
Dvara KGFS, a Non-Banking Finance Company (NBFC), raised USD 10 million in debt capital.
Federal Bank recorded a 42 per cent year-on-year (YoY) growth in net profit to Rs 853.74 crore, up from Rs 600.66 crore in the same quarter last year.
Razorpay launches its first international payment gateway for the Malaysian market with Curlec, now known as Curlec by Razorpay to solve digital payment problems in emerging markets.
In a recent industry session at 4th Elets BFSI Gamechanger Summit took place on 9-11th June 2023 in Goa, Padmabhushan Bahadure, CTO, IDBI Bank, discussed the importance of addressing core banking systems in the context of transformation initiatives in the banking and insurance sectors.
IDFC FIRST Bank today announced a collaboration with Club Vistara and Mastercard to introduce a travel credit card, adding to its wide customer-first portfolio of financial products.
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