Star Housing Finance's loan book hits Rs 100 cr so far this fiscal

Star Housing Finance Ltd, a non-banking financial company, is active in rural areas of Rajasthan. It provides low-ticket housing finance to first-time homebuyers.

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Indian Bank onboarded as partner bank for offline-online collection of treasury

Through the portal, the public can avail services related to Tamil Nadu treasuries and accounts at a click of a button.

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Banks, big tech companies, fintech can collaborate to further financial services: Standard Chartered Bank MD Zarin Daruwala

Standard Chartered Bank MD Zarin Daruwala pointed out the emerging trend of two types of customers; one that is digitally savvy and the other that understands it but not comfortable using it and emphasised the need to create a system of self and assistance mode for services.

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Watch: Changes in the new auto-debit rule explained

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FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.

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Data privacy should not be compromised in using fintech: FM

Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore and Rs 2 lakh crore in 2020 and 2019, respectively.

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Yes bank scam: HC rejects bail pleas of Rana Kapoor’s wife, daughters

As per the CBI, Rana Kapoor and his family members had allegedly received kickbacks of around Rs 600 crore for an investment of Rs 3,700 crore made by Yes Bank in DHFL’s debentures.

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HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters in DHFL corruption case

The three had approached the HC last week, challenging a special CBI court order of September 18 which refused them bail while noting that they had, prima facie, caused a loss of Rs 4,000 crore to the Yes Bank through illegal acts.

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LIC seeks to appoint CFO before its mega IPO planned in 2021/22

LIC is currently undergoing a valuation exercise for an IPO that could be India's biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.

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SBI's loan restructuring 2.0: Terms, who is eligible, how to apply

The country's largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation of the Resolution Framework 2.0 for Covid19 related stress on its website.

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Fintech can help check digital frauds, says RBI Deputy Governor Sankar

The Reserve Bank Deputy Governor T Rabi Sankar said fintech holds promise to prevent frauds, which has become apparent as the pace of digital penetration has outstripped awareness. "... We need to concentrate and focus all our attention on minimising digital fraud... We need to up our guard against digital frauds and cyber crimes," Sankar stressed.

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ICICI Bank faces intermittent downtime on payment stack

It could not be ascertained what was the glitch that was causing this issue, though a few users said the issue was going on since a “few hours.” It could not be ascertained how many ICICI Bank customers were impacted due to the downtime.

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Make the most of your Golden Life

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