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Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses

Indira Container Terminal case: Canara Bank takes Swiss auction route

Invites counter-bids to recover dues

Yuva Term to Digi Term: LIC launches new products across categories

In a separate exchange filing, the life insurer stated that its Bangladesh office will be closed from August 5, 2024, to August 7, 2024

NBFC growth likely to take a hit as banks show funding reluctance

According to RBI data, as on September 30, 2023, 37.8% of the NBFC borrowing was from banks

Omkara ARC to buy Rs 6K cr NPA book of Stressed Asset Stabilisation Fund

After the revision in reserve price, NARCL and Omkara ARC put in binding bids to acquire the portfolio of NPAs, and subsequently, an auction was conducted to determine the winning bidder

Lenders vote to liquidate defunct airline Go First due to low bids

A senior executive of a private bank, which has a small exposure to the airline, said voting for the proposal is through and the airline will be recommended for liquidation soon

Resolutions under Insolvency and Bankruptcy Code highest in FY24: Crisil

Recovery for financial creditors, however, declined to 27% compared to 36% in FY23

Gaining momentum: UPI transactions top Rs 20 trn for third straight month

NPCI's data shows that the average daily transaction count on UPI in July was 466 million, amounting to Rs 66,590 crore

NPCI reestablishes connectivity with C-Edge following ransomware attack

C-Edge, a joint venture between State Bank of India (SBI) and Tata Consultancy Services (TCS), is a technology service provider that offers services to cooperative and regional rural banks

Draft framework: RBI for more options to authenticate digital payments

The first factor of authentication and the AFA would have to be from different categories, the RBI has stated

Life Insurers to seek extension on implementing surrender value norms

Revising all the traditional products according to the new surrender value norms and renegotiating terms with the distributors within the timeline is a huge challenge

'Too big to fail' Big Techs pose risk profiling challenges: RBI report

Says digitalisation has enhanced banks' efficiency and increased competition within the sector

Private banks' bottom line remains healthy in Q1, bad loans inch up

Margins under pressure as cost of funds rise

RBI Governor Das for reskilling, upskilling amid digitalisation push

Says tech adoption paving way for next-gen banking

ICICI Bank Q1 results: Net profit rises 14.6% to Rs 11,059 cr, NII up 7.3%

The asset quality of the lender remained stable, with its gross non-performing assets (NPAs) ratio at 2.15% at the end of Q1FY25 compared to 2.16% in Q4FY24, and net NPA ratio at 0.43%

IndusInd Bank Q1 FY25 results: Net profit up 2% due to higher provisions

Provisions and contingencies saw a rise of 6 per cent Y-o-Y and 10 per cent sequentially at Rs 1,050 crore

Life insurance firms likely to see strong growth in non-linked policies

Industry preps for regulator's new norm asking companies to pay special surrender value to customers

HDFC Bank rolls out fixed deposit scheme with higher interest rates

The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio

Strengthening IBC: Extend prepack to big companies, says industry

Both the finance minister and the economic survey have highlighted the success of IBC

HDFC Bank increases fixed deposit interest rates by up to 20 basis points

It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors