Rupee rises 7 paise to close at 79.74 against dollar ahead of Fed meet The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 against the US dollar on Tuesday, snapping its four-session falling streak as investors await the US Fed’s policy statement for further cues. At the interbank forex market, ...

Overall credit market grows 11.1% to Rs 174.3 trn in FY22: Report Led by a 122 per cent spike in retail loan volume, the overall credit market grew 11.1 per cent in FY22 over the previous year to Rs 174.3 lakh crore, according to a credit bureau report. According to credit bureau CRIF High Mark, ...

Big Tech in financial system poses concentration risk: Shaktikanta Das The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. “…enormous amounts of consumer data is being generated ...

Yes Bank to sell stressed assets worth Rs 48k cr to JC Flowers ARC Yes Bank on Tuesday said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company (ARC) ...

India’s fintech market to reach $1 trillion by 2030: Chief Economic Advisor India’s fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, Chief Economic Advisor Dr V. Anantha Nageswaran said here on Tuesday. Speaking at the ‘Global Fintech Fest 2022’ (GFF 2022), he noted that a major shift towards ...

Yes Bank approves sale of Rs 48,000 cr stressed loans to JC Flowers ARC Private lender Yes Bank said on Tuesday that its board has approved the sale of stressed loans worth Rs 48,000 crore to JC Flowers Asset Reconstruction after receiving no bids to challenge that made by the private equity company. Consequently, Yes ...

RBI approves appointment of R Gandhi as non-executive chairman of Yes Bank The Reserve Bank has approved the appointment of its former deputy governor R Gandhi as non-executive part time chairman of Yes Bank for three years, a regulatory filing said. Gandhi’s appointment comes into effect from September 20, 2022. Yes Bank, in its regulatory filing ...

Axis Bank FD Interest Rates: Axis Bank revises FD interest rates: Check latest rates [ad_1] Axis Bank has revised its interest rates for fixed deposits under Rs 2 crore, effective from September 20, 2022. The bank offers fixed deposit interest rates that vary from 2.75% to 5.75% for regular citizens. While the rate for senior persons ranges from 2.75 to ...

Banks alert customers about mobile banking malware targeting over 200 apps Several Indian banks have alerted their customers not to download apps from any source other than official app stores. Banking customers are being targeted by a new type of mobile banking malware campaign using SOVA Android Trojan. This malware captures the credentials when users log onto their net-banking apps ...

Will debit, credit card e-mandates get affected after tokenisation? [ad_1] The Reserve Bank of India (RBI) had extended the deadline for tokenisation of debit and credit cards to September 30, 2022. As per the RBI mandate, from October 1, 2022, full card number, CVV and expiry date and any other sensitive information related to cards cannot be stored by merchants ...