Aye Finance allocates Rs 100 cr for credit to women micro enterprises Fintech lender Aye Finance on Wednesday said it has allocated Rs 100 crore for Shakti Loan in current financial year and targets to extend credit to 10,000 women engaged in micro enterprises. Aye said it has developed Shakti Loan in collaboration with CGAP, a global partnership of more ...

RBI looking at additional loans for home buyers of stuck projects A meeting of a committee was held on June 19 to discuss issues related to “legacy stalled projects” in real estate

Startups on Shark Tank India see over Rs 1 billion in investment deals Most startups that appeared on the show during season 1 secured deals 6X greater in value from outside investors within a span of 1.5 years.

Rupee appreciates 16 paise to 82.25 against US dollar as it weakens The rupee gained 16 paise to 82.25 against the US dollar in early trade on Wednesday as weakness of the American currency in the overseas market and steady foreign fund inflows supported investors’ sentiment. However, a surge in crude oil prices capped sharp gains for the local unit, ...

RBI eyes 1 mn digital currency transactions daily by year-end: DG The RBI has devised the e-rupee as a digital alternative to physical cash – using blockchain distributed-ledger technology

RBI cancels licence of 2 co-operative banks due to inadequate capital The RBI on Tuesday cancelled the licence of two cooperative banks — Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara — as the lenders do not have adequate capital and earning prospects. Harihareshwar Sahakari Bank ceases to carry on banking business, with effect from ...

Parliamentary committee to hear RBI, IT ministry on cyber related crimes A parliamentary committee examining the issue of cyber security and rising incidents of cyber crimes has summoned officials of the Reserve Bank of India (RBI) and the Electronics and Information Technology Ministry later this month to seek their views. The panel has already quizzed representatives of several tech majors ...

RBI governor asks banks to remain extra careful, focus on governance The governor held meetings with the MD and CEOs of public sector banks and select private sector banks

Travel credit card launched by IDFC FIRST Bank, Club Vistara, & Mastercard The card will offer Club Vistara points, lounge benefits, annual rewards, golf benefits, and cover for cancelled flight and hotel bookings

Rupee appreciates 21 paise to 82.38 against US dollar in early trade The rupee gained 21 paise to 82.38 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said. At the ...