The Reserve Bank of India has proposed a ban on incentives paid by third parties to bank staff for selling insurance, mutual funds, and other products to prevent mis-selling of financial services. The central bank also prohibits dark patterns...
Veloce Fintech, the fintech division of Lemon Group, has announced the launch of its second structured capital fund aimed at supporting India’s micro, small, and medium enterprises (MSMEs) and emerging startups. With a target corpus of ₹300 crore, the...
India’s Unified Payments Interface (UPI) has achieved a new milestone, crossing 500 million consumers and 65 million merchants nationwide, according to a joint report by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG). The...
The Ministry of Finance will soon convene a high-level meeting with public sector bank (PSB) chiefs to review the flow of credit to India’s micro, small, and medium enterprises (MSMEs). The session, chaired by Department of Financial Services (DFS)...
India’s banking and financial services sector is tightening lending norms for micro, small and medium enterprises (MSMEs) as early signs of stress begin to emerge. Amid rising delinquencies, especially in smaller loans, both banks and non-banking financial companies (NBFCs)...
Fintech platform BillMart has launched a new credit line product — GigCash — tailored to meet the financial needs of India’s fast-expanding gig economy. Designed for platform-based workers such as delivery personnel, drivers, and freelancers, the initiative aims to...
Finance Minister Nirmala Sitharaman has urged Indian banks to deepen their engagement with micro, small and medium enterprises (MSMEs) and forge stronger ties with non-banking financial companies (NBFCs), positioning financial institutions as critical engines of growth in a volatile...
In a bid to improve credit access for underserved businesses, Godrej Finance Limited (GFL) has entered into a co-lending partnership with Muthoot FinCorp to provide property-backed loans to micro, small and medium enterprises (MSMEs) across India.
The initiative will initially...
Jio Payments Bank has introduced a new feature called ‘Savings Pro’, designed to help users earn higher returns by automatically investing their surplus bank balance into overnight mutual fund growth plans.
The initiative targets everyday savers who want to maximise...
In a significant push to boost financial protection and insurance affordability, the Government of India has directed both public and private insurance companies to proactively pass on GST benefits to consumers and raise awareness around the recent GST exemptions...
