A billion transactions a day can be processed through UPI: RBI governor The Unified Payments Interface (UPI), India’s flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission “Har Payment Digital”. The objective of the mission, ...

CPSE dividend crosses Rs 50,000 crore for second consecutive year The Centre has surpassed the Rs 50,000-crore mark in dividend receipts from central public sector enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC. In the revised estimates (RE), the Centre raised the dividend receipts from CPSEs to Rs 43,000 ...

Dividend from CPSEs crosses Rs 50,000-mark for second consecutive year The centre crosses the Rs 50,000 mark in dividend receipts from Central Public Sector Enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC Ltd. In revised estimates (RE), the Centre raised the dividend receipts from Central Public Sector Enterprises (CPSEs) ...

Rupee surrenders firm gains; traders cautious before Powell’s speech After strengthening sharply in early trade on Monday, the rupee surrendered most gains and closed steady against the US dollar as the Chinese yuan took a beating and some banks purchased the greenback likely on behalf of the Reserve Bank of India (RBI), dealers said. The ...

RBI launches mission to make every citizen a user of digital payment While digital payments have skyrocketed during the past few years, a significant portion of the population still does not use digital payments for day-to-day transactions. In order to bridge this gap, Reserve Bank of India (RBI) governor Shaktikanta Das on Monday launched a mission — ...

Rupee appreciates 24 paise to 81.73 against US dollar in early trade The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit ...

Rupee poised to extend rally on soft dollar index, positive risk mood The Indian rupee is expected to open higher versus the U.S. currency on Monday, building on last week’s rally, helped by the pullback in the dollar index and U.S. yields and an upbeat risk sentiment. The non-deliverable forwards indicate the rupee will open ...

68% earning women buy health insurance policies without help: Survey [ad_1] Financially independent women are more aware and confident about purchasing health insurance, reveals a survey by ICICI Lombard. Are you aware that there are women-specific health insurance plans?77% Yes23% No Financially independent women are more aware about women-specific health plans What are the top reasons for buying health insurance?Financial ...

Kotak Mahindra Bank to create vertical for mid-market firms Kotak Mahindra Bank is set to create a separate vertical for mid-market companies having turnover between Rs 500-1,500 crore to increase its focus on the segment. The private sector lender is also keen to increase its focus on high-margin structured finance, a top official has said. ...

BoB cuts interest rates on home and MSME loans taken till month end With competition turning intense ahead of the year end, Bank of Baroda cut the interest rate on housing loans by 40 basis points (bps) on Sunday, to 8.5 per cent, linked to the borrower’s credit profile. The interest rate rebate is applicable on loans ...