RBI Intensifies Scrutiny on P2P Lending Platforms: The Reserve Bank of India (RBI) has intensified its regulatory scrutiny on Non-Banking Financial Company–Peer to Peer Lending Platform (P2P) lending platforms following the discovery of multiple regulatory violations, including high levels of non-performing assets (NPAs). RBI identified violations, including unauthorised deposit acceptance and unusually high balances in […]
Category: Economics Current Affairs
Prime Minister Employment Generation Programme (PMEGP)
Prime Minister Employment Generation Programme (PMEGP): KVIC and Department of Posts collaborate to boost PMEGP Implementation across India. PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises. Objectives is to generate employment opportunities in rural as well as urban areas of the country through setting up of new […]
PhonePe’s ‘Credit Line On UPI’ Revolutionizes Digital Transactions
PhonePe’s ‘Credit Line On UPI’ Revolutionizes Digital Transactions: PhonePe on August 22, announced the launch of Credit Line on UPI on its platform. Consumers who avail credit lines from their banks can now link these credit lines to UPI on PhonePe and seamlessly make merchant payments.
NCLT Approves Slice-North East Small Finance Bank Merger
NCLT Approves Slice-North East Small Finance Bank Merger: The National Company Law Tribunal (NCLT) has approved the merger of Slice, a leading fintech company in India, with North East Small Finance Bank (NESFB).
NPCI Launches ‘UPI Circle’ for Secure Payments Among Trusted Users
NPCI Launches ‘UPI Circle’ for Secure Payments Among Trusted Users: The National Payments Corporation of India (NPCI) has unveiled a new feature called ‘UPI Circle’ on the Unified Payments Interface (UPI) platform, allowing primary UPI account holders to securely delegate payment responsibilities to trusted secondary users.
RBI Forecasts Private Capex to Rise to ₹2.45 Trillion in FY25
RBI Forecasts Private Capex to Rise to ₹2.45 Trillion in FY25: The Reserve Bank of India (RBI) study forecasts a substantial increase in private capital expenditure, projecting it to reach ₹2.45 trillion in FY25, up from ₹1.59 trillion in FY24. This rise is attributed to robust investment intentions and the ongoing emphasis on infrastructure development
HDFC Bank’s Sashidhar Jagdishan Highest Paid Bank CEO In FY23
HDFC Bank’s Sashidhar Jagdishan Highest Paid Bank CEO In FY23: HDFC Bank’s Sashidhar Jagdishan Highest Paid Bank CEO In FY23 With Rs 10.55 Crore Pay Sashidhar Jagdishan, HDFC Bank’s Managing Director and Chief Executive, has emerged as the highest-paid bank chief executive in FY23, with a significant increase of more than 62% in his remuneration […]
LIC introduces new term assurance plan
LIC introduces new term assurance plan:“Jeevan Kiran”: Life Insurance Corporation of India (LIC) introduced a new term assurance plan—Jeevan Kiran. LIC Jeevan Kiran is an individual, savings, and life Insurance plan. This plan is available for individuals from 18 years to 65 years, offers life cover with return of premium. It has a minimum sum […]
Self-Regulatory Organisations : RBI
Self-Regulatory Organisations : RBI The Reserve Bank of India recently issued a framework to recognise self-regulatory organisations in the financial markets. Self-Regulatory Organizations (SROs) is generally a non-governmental entity created by members of a particular industry or sector to help govern the companies in that industry. An SRO sets and enforces rules and standards relating […]
Airtel Payments Bank Enhances Security with AI-Powered Face Match
Airtel Payments Bank Enhances Security with AI-Powered Face Match: Airtel Payments Bank has introduced a new security feature called Face Match, leveraging AI to enhance account protection. This advanced tool uses machine learning algorithms to detect potential threats and prompts facial recognition verification when needed.
