money & banking

Merged entity a totally new organisation, can’t examine financials

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The amalgamated entity following the merger of erstwhile HDFC with HDFC Financial institution efficient July 2023, is a “fully new organisation” and can’t be in comparison with both of the 2 pre-existing lenders, HDFC Financial institution MD and CEO Sashidhar Jagdishan stated in an analyst name. Additionally learn:HDFC Financial institution This fall revenue jumps 37% on … Read more

Revolut will get in-principle approval from RBI for Pay as you go Fee Devices licence

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Revolut India on Friday mentioned it has acquired an in-principle authorisation from the Reserve Financial institution of India (RBI) to concern Pay as you go Fee Devices (PPI) together with pay as you go playing cards and pay as you go wallets within the nation. Additionally learn:RBI to allow UPI payments from PPI wallets via … Read more

Authorities, multinational and worldwide companies, Sure Financial institution on the progress in FinTech sector throughout 10 years of NDA – Ajay Rajan, Nation head, Sure Financial institution

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Dwelling Cash & Banking Up to date – April 09, 2024 at 10:08 PM. “India’s banking sector has been instrumental in elevating the nation’s GDP from $250 Bn within the Nineteen Nineties to $3.7 TN in 2023” – Ajay Rajan, Nation head, Sure Financial institution Share Copy hyperlink Electronic mail Fb Twitter Telegram LinkedIn WhatsApp … Read more

Paytm customers to get all companies as earlier than apart from PPBL’s pockets, FASTag

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Paytm app customers will proceed to make use of all companies like cell and DTH recharges apart from Paytm Funds Financial institution’s choices together with pockets funds, FASTag and financial institution accounts, in response to the corporate hit by RBI restrictions. Additionally learn: Three years since launch, has Paytm’s mini app retailer lived as much … Read more

A purchase order contract, sale of a proper to purchase or promote, or a proper to purchase and promote in future to be known as a spinoff, says Finmin

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The Finance Ministry has notified record of 104 commodities underneath the Securities Contracts (Regulation) Act, 1956 for use for derivatives. These embody 10 cereals & pulses, 11 kinds of oilseeds, oilcakes and oil, 13 kinds of spices, three kinds of fruits and vegetable beside others. Additionally learn: Markets to concentrate on international developments; could face … Read more

Indian fintech regulatory corporations welcome RBI transfer on KYC fraud

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Tech start-ups that supply regulatory companies to monetary establishments welcomed the Reserve Financial institution of India (RBI) transfer to warning the general public towards frauds beneath the garb of know your buyer (KYC) updation. Corporations like digital id verification companies supplier IDfy, digital signature companies firm EMudhra and Signzy, which presents on-line id verification, are … Read more