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UPI usage volumes surpass wallet volumes in September
The number of transactions made using the Unified Payments Interface (UPI) overtook that of mobile-wallet transactions for the first time in September this year, data released by the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) show.
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IL&FS effect! Liquidity woes – NBFCs bank on securitisation
Average daily net liquidity deficit in banking system for the week ended Nov 16 rose to Rs 90,648 crore against Rs 68,612 crore a week ago.
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YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul
In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing.
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RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22
The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22.
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Finish your bank-related work by tomorrow! Holidays to rule this week; check dates
As festivals rule this week, banks in many cities will remain closed on three days this week.
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Hong Kong-based PAG raises $6 billion for third Asia fund, plans investment in India
Within three years, the PAG has been able to fully invest its second fund - PAG Asia Fund ll to raise its third fund.
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This chart shows how limited surplus transfer from RBI could help end feud
Bloomberg Economics sees merit in political demands for a lower capital reserve framework for the central bank.
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SBI Capital Ventures launches SME, affordable housing funds
SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, Monday launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors.
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Family Finance: Why Sharmas need to put off goal of buying a car - Economic Times
Economic Times
Family Finance: Why Sharmas need to put off goal of buying a car
Economic Times
Aditya Sharma, 31, is employed and gets a monthly salary of Rs 54,000, while his wife, Anvesha, 26, is a homemaker. The couple does not have any children and stays in a rented house in Pune. They have, however, booked a house with the payment of Rs 1 ...