27 Dec 2024, 22:41 PM
The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models/applications in the Indian financial sector.
27 Dec 2024, 22:22 PM
Currently, UPI payments from/to a bank account can be carried out using the UPI application of that bank or of any third-party application provider.
14 Dec 2024, 06:19 AM
In August, The Head and Tale was the first to report that ICICI Bank has terminated its exclusive merchant acquiring agreement with ICICI Merchant Services (IMSPL).
07 Dec 2024, 23:38 PM
One97 Communications Singapore (Paytm Singapore), has approved sale of stock acquisition rights (SARs) held in PayPay Corporation for Rs 2,364 crore.
07 Dec 2024, 02:36 AM
RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.
02 Dec 2024, 23:19 PM
In October, the banking regulator had barred Navi Finserv and three other NBFCs to "cease and desist" from sanction and disbursal of loans.
30 Nov 2024, 18:26 PM
Bansal still owns about 1% of PhonePe and continues to be largest individual minority shareholder in the firm.
29 Nov 2024, 22:41 PM
The so-called alternative investment fund Hedonova is run by none other than Anurag Bhatia, who was jailed in India in 2020 for duping investors through Minance.
21 Nov 2024, 18:05 PM
The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.
19 Nov 2024, 00:58 AM
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
13 Nov 2024, 15:26 PM
A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.
13 Nov 2024, 15:09 PM
Alex Clavel will assume sole leadership as chief executive of both SoftBank Group Corp.’s Vision Fund and SoftBank Global Advisers.
13 Nov 2024, 00:40 AM
The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.
07 Nov 2024, 20:47 PM
The Gurugram-based company's revenue also saw a significant jump of 58%, rising to Rs 674 crore from Rs 427 crore in Q2 FY24.
06 Nov 2024, 16:48 PM
The latest round brings the total capital infusion into the company to over $100 million in equity and debt financing.
05 Nov 2024, 02:55 AM
The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.
05 Nov 2024, 02:45 AM
The fintech startup Slice announced the merger proposal in October 2023, and it received approval from the NCLT, along with necessary regulatory approvals,