The FinTech Hub
Source: Live Mint The chairman of State Bank of India (SBI), C.S. Setty, announced that the bank will not charge any commission under its new ‘Jan Nivesh’ scheme. The initiative, aimed at furthering financial inclusion across India, is a significant step toward empowering underserved segments of the population with the tools to invest and save….
Source: Live Mint Micro, Small and Medium Enterprises (MSMEs) have been provided with new credit cards in the Budget 2025 by the Finance Minister Nirmala Sitharaman. This is considered as a significant financial change as per experts, according to a detailed report by ANI. MSME credit card scheme Announced to the citizens during the budget speech…
Source: Live Mint New Delhi, Jan 22 (PTI) The National Stock Exchange (NSE) on Wednesday said its unique registered investors have crossed the 11 crore mark, with the latest 1 crore addition taking place in just five months, reflecting investor participation in the stock market through direct means. Investor registrations at the NSE have experienced…
Source: Live Mint Imagine this – Over 119 million Indians are actively monitoring their credit scores, with a majority emerging from rural and semi-urban areas. This growing financial consciousness is not just a trend but a quiet revolution reshaping India’s economic foundation. Technology is dismantling traditional barriers to financial inclusion, and the importance of maintaining…
Source: Business Standard The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February. (Photo: PTI) 2 min read Last Updated : Oct 11 2024 | 4:42 PM IST The Reserve Bank of India on Friday asked banks to review their payment systems to ensure easier…
Source: Business Standard Mutual Funda(Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 2:19 PM IST Appreciate, a Sebi-registered fintech company, said on Wednesday it has made the first low-ticket mutual fund transaction on the Open Network for Digital Commerce (ONDC). The first transaction was of Rs 100 and was done in…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 2:07 PM IST Google India has announced a partnership with Muthoot Finance, a non-banking financial company (NBFC) specialising in gold loans. The partnership will provide gold-backed loans to small businesses and consumers, especially in rural areas, through Google Pay. …
Source: Business Standard Illustration: Binay Sinha 2 min read Last Updated : Sep 27 2024 | 3:16 PM IST Grip Invest has said millennials comprise 63 per cent of all corporate bond investors on its investment platform, marking how a “niche asset” has become a “mainstream choice”. Click here to connect with…
Source: Business Standard RBI DG Swaminathan Janakiraman 2 min read Last Updated : Sep 25 2024 | 7:07 PM IST Having achieved success in improving access to banking services, there is a need to improve the usage of facilities, Reserve Bank Deputy Governor Swaminathan J has said. The career commercial banker-turned-central banker exhorted…
Source: Business Standard 3 min read Last Updated : Sep 23 2024 | 5:22 PM IST LIC Mutual Fund is set to introduce a new daily Systematic Investment Plan (SIP) option starting at Rs 100, according to media reports. This move aligns with the Securities and Exchange Board of India’s (SEBI) initiative to promote micro-SIPs…
