NEFT transaction facility available 24x7, says RBI

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Bengaluru (Karnataka) [India], March 12: Mudrex, a leading Indian crypto exchange, announced the rollout of INR-margined crypto futures, marking a significant step toward simplifying trading for participants in India's fast-growing digital asset market.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

New Delhi [India], March 10: In India, a health crisis doesn't just affect the patient; it affects the whole family. Work may stop, savings may get used up quickly, and emotional stress becomes even heavier when money worries enter the picture.

New Delhi [India], March 10: As retail participation in India's stock markets continues to grow rapidly, Wisdom Capital is reinforcing its position as one of India's most cost-efficient and technology-driven brokerage platforms. Having introduced its Lifetime Zero Brokerage trading model more than a decade ago, the company continues to offer traders the ability to significantly reduce transaction costs while benefiting from advanced trading technology.

New Delhi [India], March 10: In India's evolving corporate landscape, high-value transactions are no longer rare events. Insolvency resolutions, mergers and acquisitions, strategic stake sales, shareholder exits, IPO-linked restructuring, and court-monitored corporate actions are now a regular part of doing business.

Among the participating states, Andhra Pradesh has raised Rs 3,000 crore through three securities with tenors of 13, 15 and 17 years. Arunachal Pradesh has raised Rs 190 crore with a 20-year tenor, while Assam has borrowed Rs 900 crore through a 15-year security. Delhi has raised Rs 1,000 crore via a 10-year security. Gujarat has raised Rs 2,000 crore through two securities with tenors of seven years and six months, and 11 years, with an additional borrowing option of Rs 500 crore for each.

Bengaluru (Karnataka) [India], March 10: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen', or the 'Company'), the country's largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has signed a syndicated social loan facility of USD 75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). HSBC acted as the Sole Mandated Lead Arranger and Bookrunner for the social loan fund raise, securing participations from HSBC (Gift City), Doha Bank (Qatar), State Bank (Mauritius) Ltd., Bank of China Ltd. (China), and National Development Bank Plc (Sri Lanka). This transaction reinforces CA Grameen's strong track record of raising international funds through innovative financing solutions.

New Delhi [India], March 9: India is the world's fifth-largest economy, home to one of the fastest-growing middle classes on the planet. And yet, a staggering 73% of its population remains financially illiterate. Millions of Indians earn money, spend money, and work their entire lives - without ever truly understanding how money works. Without that understanding, wealth doesn't build. It leaks.