RBI Governor Shaktikanta Das speech full text at Global Fintech Fest
Author: BNW News
RBI gives fintech SRO status to FACE
Of the remaining two applications, one application has been returned with a provision for resubmission after meeting certain requirements. The third application is under examination, the RBI said.
Banks rush to meet TRAI directive fearing it may block bank, E-commerce messages From September 1
This may impact consumers in India in getting service and transactional messages from banks, financial institutions, and e-commerce platforms
Presently, entities only register their headers and templates with telecom operators, without including the actual content of the messages. Starting in September, telcos must implement a system to read and verify the content of commercial messages against their records. Messages that do not match the registered content will be blocked.
Total deposits under Jan Dhan bank accounts grow to Rs 2,31,236 crore
Till now, more than 53.14 crore beneficiaries banked under PMJDY since inception, the data showed.
PMJDY accounts grow 3.6 -fold from 15.67 crore in March 2015 to 53.14 crore as on 14-08-2024
Around 55.6% Jan-Dhan account holders are women and around 66.6% Jan Dhan accounts in rural and semi-urban areas, per the data.
YES BANK names Sumit Bali as Country Head, retail Assets
YES BANK has announced the appointment of Mr. Sumit Bali as the Country Head – Retail Assets and Debt Management, effective immediately. In his role, Mr. Bali will be responsible for driving…
Small finance banks to grow advances 25-27% this fiscal, says Crisil
Amid challenges in mobilizing deposits and their higher cost, SFBs are likely to explore alternative, non-deposit avenues to fund credit growth. That said, capital buffers to support growth remain healthy for SFBs.
RBI Governor Das Unveils Unified Lending Interface to Streamline Credit Access
On August 26, Reserve Bank of India (RBI) Governor Shaktikanta Das announced the introduction of a new technological platform, the Unified Lending Interface (ULI), designed to provide seamless credit access by significantly…
RBI MPC Minutes; Increasing divergence in growth assessments, says Madhavi Arora of Emkay Global
Continued moderation in core inflation was unanimously recognized, but the possibility of higher food prices spilling over to core remains a key concern. Real rate concerns raised their head again, but have not yet become the prevalent view among most committee members. Going forward, the RBI is likely to continue stressing on being ‘actively disinflationary’ and maintain a wait-and-watch mode to assess multiple macro forces, both domestic and global.
Wealthtech platform InvestorAi raises Rs 80 crore in Series A from ace investor Ashish Kacholia and associates
AI-powered equity investment platform InvestorAi on August 22 announced that it has raised Rs 80 crores in a Series A round from well known investor Ashish Kacholia, Founder, Lucky Investment Managers and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction.
TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion
The round was led by 8i Ventures, the early-stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, among others. The round was co-led by Accion Venture Lab, a global impact investor backing early-stage fintech startups that expand financial access worldwide. The round also saw contributions from GMO Venture Partners, Ratio Ventures, Force Ventures along with a prominent group of family offices, institutions, and angel investors.