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Ujjivan Small Finance Bank Seeks Universal Banking Licence

Ujjivan Small Finance Bank Seeks Universal Banking Licence: Ujjivan Small Finance Bank (USFB) has applied for a universal banking licence, a major milestone in its journey from a small finance bank to a full-fledged commercial bank. This move aligns with the bank’s strategy to expand its financial services, increase regulatory flexibility, and strengthen its position […]

Airtel Payments Bank Partners with Karnataka Bulldozers for CCL 2025

Airtel Payments Bank Partners with Karnataka Bulldozers for CCL 2025: Airtel Payments Bank has announced its partnership with the Karnataka Bulldozers for the Celebrity Cricket League (CCL) 2025, set to begin on February 8, 2025. The collaboration makes Airtel Payments Bank a co-sponsor of the team, aiming to promote safe digital banking among cricket fans […]

SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries

SEBI Proposes Secure UPI Payment Mechanism for Market Intermediaries: SEBI is planning a secure UPI payment mechanism to ensure investor safety and prevent fraud in capital markets. The proposal includes unique UPI IDs for registered intermediaries, a verification icon for authenticity, and an increased UPI transaction limit of ₹5 lakh per day (up from ₹2 […]

RBI’s Strategic Measures to Boost Liquidity in the Banking System

RBI’s Strategic Measures to Boost Liquidity in the Banking System: The Reserve Bank of India (RBI) has introduced a series of liquidity-boosting measures. These include a $5 billion USD/INR buy/sell swap auction, open market operations (OMOs), and a variable rate repo (VRR) auction. The RBI’s efforts aim to alleviate liquidity constraints in the banking system […]

Kotak Mutual Fund Introduces India’s First MSCI India ETF

Kotak Mutual Fund Introduces India’s First MSCI India ETF: Kotak Mutual Fund has launched India’s first MSCI India ETF, designed to track the MSCI India Index. This ETF offers investors an easy way to gain exposure to a diversified portfolio of Indian equities. With a minimum investment of ₹5,000, providing a cost-effective, passive investment option.