Finance Minister Nirmala Sitharaman met World Bank Group President Ajay Banga and discussed the deepening of partnership to secure tangible outcomes at the G20 Leaders’ Summit scheduled to take place in September. "Union Finance...

The government has requested banks to assure that all new cards and reissues of old cards have the National Common Mobility Card (NCMC) as a default choice with contactless or near-field function facilities. The missive, sent earlier this month,...

Credit card spending hit a record rich of Rs 1.4 lakh crore in May, the latest data from the Reserve Bank of India revealed. The total spending or outstanding dues on credit cards, which remained range-bound all through the year in the previous...

Finance Minister Nirmala Sitharaman and her Indonesian counterpart Mulyani Indrawati announced the launch of the “India–Indonesia Economic and Financial Dialogue” (EFD Dialogue). The platform, unveiled during the G20 Finance...

India's Unified Payments Interface (UPI) system for payment will soon be accepted in France. Prime Minister Narendra Modi announced. PM Modi stated that India and France have decided to use UPI in this European nation, opening a huge new...

The Indian banking sector logged volume growth and not in margins owing to high-cost deposits during the first quarter of FY24, said BNP Paribas Securities India. The banking industry is logging credit as well as high-cost deposit growth through...

Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday told chiefs of public and private sector banks that owing to prevailing adverse global conditions and banks need to be extra vigilant. His caution came during a meeting in Mumbai with...

Abhijit Chakravorty will be the new managing director and chief executive of SBI Cards and Payment Services Ltd (SBI Card) from August 12, 2023. He will succeed present MD&CEO Rama Mohan Rao Amara, who will move back to promoter firm State...

Shriram Housing Finance has obtained $50 million in its maiden external commercial borrowing (ECB) as the lender is seeking to diversify its funding source. Funds from the ECB will be used for the financing of affordable housing. The mortgage...

Personal injury lawsuits remain a pertinent issue in today's society, with countless individuals seeking justice for harm or loss they've experienced due to someone else's negligence. For instance, looking at the United States alone,...