Page 33 - Finance News

India, UK can set benchmarks for inclusion, trust: RBI Governor Malhotra

Malhotra highlighted that both the United Kingdom and India rank among the top jurisdictions in terms of the number of fintech startups and the scale of investments flowing into the sector

Fadnavis unveils Maharashtra's ₹50 trillion asset tokenisation plan

The Maharashtra CM said the state aims to become India's first "tokenised state" by digitising real-world assets to unlock Rs 50 trillion in dormant capital

Shirish Chandra Murmu takes charge as RBI deputy governor for three years

Murmu was an executive director of the RBI before being elevated to the post of deputy governor. He succeeds M Rajeshwar Rao, who completed his term

Starmer rolls out red carpet for Indian firms, fintechs to invest in UK

UK PM Keir Starmer invites Indian firms and fintechs to expand in Britain, promising a red-carpet welcome, faster authorisations, and new visa routes for talent

RBI appoints Sanjay Kumar Hansda as new Executive Director from March

Hansda, who recently returned from the IMF after serving as Senior Advisor, will head RBI's Department of Economic and Policy Research from March 2025

ONGC likey to provide first guarantee in 15 years for unit's bond sale

ONGC Petro Additions Ltd (OPAL), in which ONGC owns more than 95% stake, is looking to raise 50 billion rupees ($563.22 million) through a multiple-tranche bond sale, they said

NBFC MUDRA aims to diversify funding base with first-ever bond sale

The company, a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), is expected to issue its first tranche of 20 billion rupees before the end of the current quarter

Mukesh Ambani tops Forbes India rich list with $105 billion fortune

India's 100 richest see combined wealth fall by 9 per cent to $1 trillion, reflecting market volatility and currency headwinds

RBI launches four UPI initiatives at Global Fintech Festival 2025

New fintech features at Global Fintech Fest 2025 enhance UPI payments, bank interoperability, and seamless credit usage

PFRDA to expand NPS coverage to include agri sector and gig workers

PFRDA Chairman S Ramann says the regulator aims to extend pension coverage through FPOs, self-help groups and fintech tie-ups, and may allow gold and silver investments

RBI Governor warns of rising digital frauds, urges fintechs to build trust

Malhotra also said the central bank is conceptualising "Unified Market Interface" as a new next-generation financial market infrastructure

Banks like SBI well versed to handle acquisition financing: C S Setty

It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago

Payment apps, DoT help avert ₹200 cr potential fraud: PhonePe co-founder

PhonePe claims to have helped citizens avert potential financial fraud losses of around Rs 125 crore, while Paytm has helped save Rs 68 crore in the last 2 months

How GIFT City's new forex settlement system can be a game-changer for India

The new real-time foreign currency settlement system situates GIFT City among global financial centres like Hong Kong and Tokyo, with a promise of faster transactions and better liquidity

India's UPI expansion continues: Qatar latest to adopt, check full list

Union Minister of Commerce and Industry Piyush Goyal attended the launch of UPI in Doha, Qatar, marking another step in India's growing digital payments expansion abroad

Centre to allow digital payments via biometric authentication from today

Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar

CBIC rolls out automated approval system for IFSC code registration

According to CBIC, the initiative will ensure swift processing of bank account and IFSC code approval requests, simplify registration across different ports

Cross-border payments to be PayPal's focus from India perspective

India is becoming an innovator and a leader globally, PayPal CEO says

Multi-line general, health insurers log muted growth after GST revamp

Multi-line general insurers grew 1.94% and standalone health insurers 3.09% in September, while specialised players saw strong premium expansion

Rebuilding trust, regaining biz momentum key priorities for IndusInd Bank

The private sector lender is also looking to enhance productivity through innovations in areas such as fintech