Yes Bank and Axis Bank are active partners for merchant migration, while SBI and HDFC Bank are set to join for Paytm’s consumer UPI business this week
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These measures include imposing restrictions on IIFL Finance and JM Financial Products from providing gold loans and loans against shares, respectively, as well as directing Paytm Payments Bank (PPBL) to halt the onboarding of new customers
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Market observers have raised concerns that such actions could invite scrutiny from the Securities and Exchange Board of India (Sebi)
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In the December quarter, CDSL witnessed a 44 per cent increase in sales to Rs 169.5 crore, while its standalone net profit surged by 37 per cent to Rs 86 crore on an annual basis
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According to the RBI, Mathura Jilla Sahkari Bank has been fined Rs 1 lakh, the Janalaxmi Co-operative Bank Rs 59.90 lakh, Solapur Janata Sahakari Bank Rs 28.30 lakh, The Dindigul Urban Co-operative Bank Rs 25,000 and Chikkamagaluru District Cooperative Central Bank Rs 50,000
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In an interview with BW Businessworld, Hitesh Sahijwaala, Executive Vice-President - Sales and Distribution, Lentra, sheds light on the path to financial inclusion and digital lending transformation
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Fitch expects NIMs to narrow by 10-20 basis points over the next two years from their current cyclical peak of 3.6 per cent
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In the current financial year (FY24), incremental direct bank lending to NBFCs amounted to Rs 1.61 trillion over a ten-month period
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