Indian consumers demonstrated a significant increase in their credit card spending in July this year, marking a 19 per cent increase as compared to the same month last year.
The banks in the country are facing challenges due to a slowdown in deposit growth, according to a recent report by SBI Securities, the slowdown in the deposit growth has forced the banks to rely more heavily on external market borrowings to meet their capital needs.
Mumbai (Maharashtra) [India], August 30: PayU, one of India's leading financial services providers, introduced its new solutions on Subscription Multiplier with cross border support and Cross-Border Issuer Authentication Solution - at the Global Fintech Festival 2024 (GFF). These innovative
As a result of the transaction, Star India Private Limited, through its subsidiaries, shall become a joint venture (JV) which will be jointly held by Reliance Industries, Viacom18 and existing TWDC subsidiaries.
Hindenburg Research alleged that it "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues."
The Maldives Police Service (MPS) has commenced a probe into allegations that the opposition tried to stage a coup d'etat after the Bank of Maldives (BML) decision on Sunday to suspend foreign transaction allowances on debit and credit cards related to Maldivian Rufiyaa (MVR) accounts, Ma
The Capital Development Authority (CDA) controversially allotted 22 plots worth Rs440 million to an individual who had changed both his and his father's names without updating the corresponding land revenue records. The audit report for 2023-24 flagged this as a suspicious transaction, notin
Janmashtami festivities across the country led to a business surge, with transactions exceeding Rs 25,000 crores on Monday, according to the Confederation of All India Traders (CAIT).
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over the past two years. This change has been accelerated by the pandemic, with many consumers opting for digital payments to avoid handling cash. About 60 per cent of these institutions noted that th
Karnataka Large and Medium Industries Minister MB Patil defended the government's decision to execute lease-cum-sale deed of 3,677 acres of land in Ballari to Jindal Steel Company, asserting that the transaction was in full compliance with the law.
New Delhi [India], August 21: In the modern era of plenty of Finch solutions, businesses need smarter payment solutions that are efficient and innovative. Traditional banks often fail to meet the dynamic needs of modern businesses as businesses grow and digital transactions become commonp