Tag: reserve bank of indias
rbi: Govt fast-tracks approval process for overseas-headquartered startups’ mergers into Indian arms
In a big boost to the so-called “reverse flipping”, India has decided to fast-track the approval process for the merger of a start-up incorporated outside…
paytm: Fintechs fear RBI’s Paytm action to have wider implications
The banking regulator’s action against Paytm Payments Bank, an associate company of Paytm, has not only shocked the larger fintech community, but also alerted them…
Paytm: RBI move against Paytm likely to disrupt retail payments
The Reserve Bank of India’s action on Wednesday to terminate the nodal accounts of One 97 Communications Ltd and Paytm Payments Services Ltd could have…
PB Fintech locks maiden profit for third quarter at Rs 37.2 crore
PB Fintech, the parent entity which operates insurance aggregator Policybazaar and credit marketplace Paisabazaar, has turned profitable and clocked its first ever net profit of…
Kissht: Kissht parent reports Rs 95.5 crore profit in FY23, revenue doubles to Rs 1,037 crore
OnEMi Technologies, the parent company which operates credit platforms Kissht and Ring, said it has clocked a profit of Rs 95.5 crore for the fiscal…
kunal shah: Kunal Shah’s inhouse NBFC ends first year with a small profit
Kunal Shah’s nonbanking finance company Newtap Technologies has reported a small profit of Rs 5.6 crore in the first year of its operations, regulatory filings…
crisil: Easing input costs to keep retail inflation contained, says Crisil
The fall in input costs may have positive implications for core inflation, which has proved stickierRetail prices are expected to increase at a slower pace…
rs 2000 note: Zomato says 72% of cash-on-delivery orders paid with Rs 2,000 notes since RBI announcement
Food delivery leader Zomato on Monday said that a staggering 72% of users who opted for cash on delivery since Friday paid for their orders…
world bank: World Bank revises India’s growth forecast downward to 6.3% in FY24
Slower consumption growth and challenging external conditions will lead to India’s growth slowing down to 6.3% in 2023-24, according to the World Bank, but the…
RBI’s testing labs for e-rupee
(This story originally appeared in on Feb 20, 2023) Jostling your way through the thick flow of tourists and hawkers in the narrow, congested lanes…