The FinTech Hub
Source: Live Mint Blame it on geopolitical tensions, global economic weakness, or elevated interest rates, among other factors, but the Indian stock market saw significant volatility in the calendar year 2024. Sample this: Between March and June 2024, the equity benchmark Nifty 50 remained rangebound, fluctuating between 22,339 and 22,821 levels, advancing by barely 500…
Source: Live Mint Reserve Bank of India (RBI) Governor Shaktikanta Das, during the Monetary Policy Committee (MPC) meeting announcement on December 6, said the bank’s facility of providing credit lines through Unified Payments Interface (UPI) will now be expanded. Das said that while the facility started with commercial banks, it will now be expanded to…
Source: Live Mint Shares of Indian Bank rose by 6.54 per cent on November 25 after the Financial Services Institutions Bureau (FSIB) announced its recommendation of Binod Kumar as CEO and MD of the bank. At time of writing, the stock was at ₹566.80 per share, up 6.54 per cent since open, with market cap…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Business Standard India and a few other economies have already commenced efforts to expand linkage of crossborder fast payment systems both in the bilateral and multilateral modes, he said. (Photo: Reuters) 4 min read Last Updated : Oct 14 2024 | 3:45 PM IST Reserve Bank Governor Shaktikanta Das on Monday made a…
Source: Business Standard 4 min read Last Updated : Oct 08 2024 | 2:23 PM IST American Express India on Tuesday unveiled a revamped suite of benefits for its Consumer Platinum Card, offering cardholders an enhanced premium experience. The new features cater to the evolving needs of today’s discerning travelers and consumers. Key…
Source: Business Standard 2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) on select tenures, effective October 7. Consequently, HDFC Bank’s MCLR now ranges from 9.10 per cent to 9.50 per cent,…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 9:57 PM IST Deposit mobilisation and credit offtake in banking moderated in the first half this financial year (H1FY25) over the same period a year ago. The moderation in credit offtake was much sharper with year-to-date (YTD) growth (till September…
Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 11:44 AM IST If you plan on buying a new car, one task for that is to decide loan options offered by various banks. Understanding the interest rates, processing fees, and other charges associated with these loans is essential for making…
Source: Business Standard Home Loan, Loan, Home, House(Photo: Shutterstock) 3 min read Last Updated : Oct 02 2024 | 2:03 PM IST Taking out a loan to purchase a home is a significant financial decision. Even a small variation in interest rates can have a substantial impact. Hence, it is essential to compare different…
