Axis Life Insurance posts 99.8% death claim payout
Following its official rebranding and structural consolidation under Axis Bank, Axis Max Life Insurance Limited (formerly known as Max Life…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
India, Nepal launch UPI-based cross-border remittance system
In a major milestone for regional financial integration and digital neighborhood cooperation, India and Nepal have officially operationalized a peer-to-peer…
30% Zerodha accounts now belong to women investors
In a major structural milestone that highlights the changing demographics of India’s wealth management landscape, women now own 30% of…
CRED launch new app ‘Cash by CRED’
In a major structural departure from its exclusive, members-only ecosystem, fintech pioneer CRED has officially launched a standalone consumer lending…
Debt mutual funds suffer ₹97,000 crore outflow in May
Data released by the Association of Mutual Funds in India (AMFI) reveals that debt-oriented mutual fund schemes suffered a massive…
PhonePe, CRED allow rent payment using credit cards
In a significant move that could restore a favorite cash-flow optimization hack for urban tenants, fintech giants PhonePe and CRED…
Paytm planning to hire 4,000 employees
Signaling a definitive transition from cost-cutting back to growth, Indian fintech pioneer Paytm has announced plans to recruit approximately 4,000…
RBI to ease overseas investor rules for listed companies
In a massive regulatory shift aimed at insulating the local currency and reversing persistent portfolio outflows, the Reserve Bank of…
RBI new poilcy to attract Foreign Inflows Of $45-80 Billion
In a decisive response to a widening Balance of Payments (BoP) deficit and mounting pressure on the local currency, the…
HDFC bank warns it’s agents to stop mobilising govt funds
In a significant restructuring of its third-party sourcing channels, HDFC Bank, India’s largest private sector lender, has officially prohibited its…