Govt permits GSTN to share data with RBI's frictionless credit platform The government has permitted GST Network to share data about GST-registered businesses, based on their consent, with the Reserve Bank’s ‘Public Tech Platform for Frictionless Credit’. The move will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information. The platform, created by ...

ADB approves $23 mn loan to boost fintech education, research in Gujarat The Asian Development Bank (ADB) on Thursday said it has approved a USD 23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India. GIFT is a state-owned enterprise established to promote and cultivate fintech ecosystems and ...

As online frauds rise, all you need to know about Pig Butchering Scam The term “pig butchering” refers to the process of fattening the victim emotionally before ultimately deceiving them financially

RBI to conduct 13-day VRR auction to infuse Rs 1 trillion on Friday Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system has been largely around Rs 2 trillion in the period

'Sidbi's outstanding to MFI sector to touch Rs 10,000 cr this fiscal' Outstanding of SIDBI to the micro-finance institutions (MFIs) will touch Rs 10,000 crore by the end of the current financial year ending March 2024, an official said on Thursday. In the last financial year, the refinancing development financial institution (DFI) had an outstanding of Rs 5,000 crore to ...

Fund pick: Axis Bluechip Fund Fund pick of Axis Bluechip Fund

Rupee appreciates 4 paise to 82.92 against US dollar in early trade The rupee stayed firm for the fourth straight session and gained 4 paise to 82.92 against the US dollar in early trade on Thursday, tracking a weak American currency against major overseas rivals. Forex trader said, however, the Indian currency was under pressure due to subdued equity market ...

Take more steps to curb unauthorised lending apps: FM to regulators Finance Minister Nirmala Sitharaman on Wednesday asked financial sector regulators, including the Reserve Bank of India (RBI), to take further measures to check spread of unauthorised lending through online apps. Addressing the 28th meeting of the Financial Stability and Development Council (FSDC) here, Sitharaman also asked regulators to maintain ...

PFRDA eases business processes with simplified trustee appointments NPS Trust has been established by the PFRDA for taking care of the assets and funds under the NPS

Indian banks' rush for clients set for reckoning after Paytm fiasco India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank