by OverviewFX | Sep 4, 2024 | Banking & Finance
New Delhi [India], September 4 (ANI): The number of credit cards in India is expected to reach 200 million with a CAGR of 15 per cent, highlighted a report by PwC.The report stated that the credit card industry has experienced significant expansion, doubling the...
by OverviewFX | Sep 4, 2024 | Banking & Finance
Education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education.After robust growth of over 80% and 70% in fiscals 2023 and...
by OverviewFX | Sep 4, 2024 | Banking & Finance
The government of India has launched many schemes for the empowerment of women. Last year, in Budget 2024, the Mahila Samman Scheme was launched for women investors and girl children. Sukanya Samriddhi was launched in 2015 as a part of the Beti Bachao Beti Padhao...
by OverviewFX | Sep 4, 2024 | Banking & Finance
BlackSoil Capital, an alternative credit provider, and Caspian Debt, an impact investment lender, on Wednesday, announced a strategic merger through a share swap. This decision has received unanimous approval from their respective Boards of Directors and the combined...
by OverviewFX | Sep 4, 2024 | Banking & Finance
New Delhi, Pensioners under Employees’ Pension Scheme 1995 run by retirement fund body EPFO will be able to get pension from any bank or branch across India from January, Labour Minister Mansukh Mandaviya said on Wednesday. Mandaviya, who is also the chairperson...
by OverviewFX | Sep 4, 2024 | Banking & Finance
Michael Debabrata Patra, Deputy Governor of Reserve Bank of India has highlighted potentional addressable market for banks, FinTechs and NBFCs in terms of MSME lending.He said that the overall finance demand of India’s MSMEs is around US$ 1,955 billion, and out of...
