by OverviewFX | Aug 28, 2024 | Banking & Finance
Chennai, Subhasri’s journey with Shriram Group began in 1991 as an officer in the non-banking finance business and in her over three decades of service she played a pivotal role in the company’s growth and expansion, a press release said on Wednesday....
by OverviewFX | Aug 28, 2024 | Banking & Finance
The tightening of monetary policy has led to a more significant increase in term deposit rates compared to lending rates. Since May 2022, the Reserve Bank of India’s (RBI) monetary policy committee (MPC) has raised the policy rate by 250 basis points (bps). This...
by OverviewFX | Aug 28, 2024 | Banking & Finance
10 years of PMJDY: How many accounts opened, avg deposit & RuPay cards issued?The Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the largest financial inclusion initiatives, has completed its 10 years on August 28. Launched by Prime Minister Narendra Modi in 2014...
by OverviewFX | Aug 28, 2024 | Banking & Finance
Kolkata: The severe heat wave in North India and the two-month long general elections have led to a sequential squeeze in the country’s microfinance sector for the first time in 12 quarters with the sector’s outstanding gross loan portfolio shrinking to Rs...
by OverviewFX | Aug 28, 2024 | Banking & Finance
The National Payments Corporation of India (NPCI) has directed all banks issuing RuPay credit cards to ensure that the rewards points, benefits, features and other offers should not be lower for RuPay Credit Cards on UPI transactions. This directive by NPCI is...
by OverviewFX | Aug 28, 2024 | Banking & Finance
Data analytics firm Finarkein Analytics has raised $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL Fintech Fund and Eximius Ventures also participated in the round, along with angel investors like Nitin Gupta of Uni...
