The FinTech Hub
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…
Source: Live Mint As India’s economy grows, the banking sector faces a pressing question: is the sluggish growth in Current Accounts & Savings Accounts (CASA) and deposits just a temporary dip, or the beginning of a deeper, long-term trend? With the country’s credit demand rising, the slowdown raises red flags for profitability and financial stability. …
Source: Live Mint Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a…
Source: Business Standard 4 min read Last Updated : Sep 25 2024 | 12:30 PM IST India’s organized gold loan market is poised to reach a new milestone, with rating agency Icra forecasting it to exceed Rs 10 trillion in the current financial year, and Rs 15 trillion by March 2027. Key Trends:…
