Ingenico Group ties up with IKEA India to enable digital payments

IKEA will be launching its online shopping services in Mumbai, followed by Hyderabad

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Govt announces capital infusion of Rs 70,000 crore in state-run banks

While the RBI has cut rates by a total 110 basis points since February, the pass through has been less than desirable.

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Bandhan Bank teams up with Standard Chartered Bank for a co-branded credit card

The credit card will be for Bandhan Bank customers while the credit risk will be borne by StanChart, one of the leaders in the credit card market with 1.2 million credit card base.

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Banks suggest easier farm loan rules to remove stress

Banks are collating these suggestions from grassroots employees, refining them and are likely to handover the suggestions to the government in the first week of September.

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IIFL set to snap up L&T Fin's wealth management arm for Rs 250 cr

One of the largest players in in the wealth management business, IIFL will put the deal through next week.

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Fintech login gets an India, China lift

In 2017, the first time the index was created, India’s fintech adoption rate was 52% -- still higher than the global average of 33%.

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Readying for life after Aditya Puri's retirement: HDFC Bank rejigs top management

Terms Sashidhar Jagdishan ‘change agent’, also makes him the head of all important portfolios.

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HSBC lays off 150 employees from back offices in India

The job impacts are at the mid-management level at its centres in Pune and Hyderabad.

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Credit crunch leads to increase in demand for gold loans

Those pawning their precious possessions are most often independent workers, including farmers and small shop owners.

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Fintech Tala raises $110m in Series-D funding led by RPS Ventures

The consumer lending app will use the fresh capital to expand in India and support the launch of new products.

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Shadow bank crackdown accelerates in India amid cash squeeze

RBI has canceled registrations of 1,851 non-bank finance companies in the year ended March 31, which is eight times more than those in the last year.

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Finance ministry amends PMLA Act to offer clarity on digital KYC

PMLA is the means through which lenders, investment platforms and telecom companies are authorised to capture customer details.

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Videocon requests NCLT to include overseas oil assets in insolvency process

The move comes after a consortium of lenders led by the SBI have invited bids for the group's Brazilian and Indonesian assets via ads.

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