The National Payments Corporation of India (NPCI) has been tasked with evaluating a request from One97 Communication Ltd (OCL), parent company of Paytm, to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel
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The ECB has stressed that its financial position still remains solid despite last year's loss, with net equity amounting to almost Rs 45 billion.
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The group plans to raise Rs 2,000 to 2,400 crore in debt to buy Piramal Enterprises' stake in Shriram Investment Holdings
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The global factoring market is projected to reach USD 5680.17 billion by 2031, representing the multi-billion-dollar industry of providing finance against global invoices
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The self-monitoring of credit scores by Indians has increased by 73% in 2023, leading to improved credit profiles, greater awareness of credit monitoring, and access to better credit offers. It also helps in managing debt and protecting against fraud
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Recovery rate under IBC dropped to 26 per cent in December last year from 33 per cent in previous months.
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NFO opens on 22 February 2024, and closes on 7 March 2024
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Responsive, adaptive and future responsive approaches are foundational to the evaluations done by IEO, says Muthoo
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