Fintech Newsletter

Top consultancy firm has quit on one of its partners

India’s top consulting firm has terminated the services of one of its partners after he was named in a Sebi investigation into insider trading.

need to establish green finance: RBI Dy Governor

He has said that there is a need to mainstream green finance & devise ways for incorporating environmental impact into commercial lending decisions.

NARC to issue 36,600 Cr. in security receipt

Banks have identified bad loans worth 2 lakh Cr, which will be shifted to the NARC for resolution & nearly 90,000 Cr would be resolved in the 1st phase.

Leading Indian Bank Bars Crypto Exchanges

Bank has blocked crypto traders from receiving funds via its UPI platform and has asked payment processors to disable UPI on their platforms as well.

10 Month old insuretech startup shuts down

A Mumbai-based insure-tech startup company has rebranded itself. Its founder announced the development on Twitter.

Increase in incentives for banks

The Reserve Bank on Friday increased incentives for banks for distribution of coins to the general public to Rs 65 from Rs 25 per bag.

Tech giant's push threat to traditional FI's

Pay wants to push time-deposit products of small Indian banks that don’t have much of a retail liability franchise of their own.

India's lending market doubles in last five years

The market grew over 100% between FY17 to FY21. Overall personal loans portfolio witnessed 2.3X growth in originations by value & 3.8X by volume.

Advantage of AI-ML Platforms for BFSI sector in India

How Novel Patterns is Leveraging Advanced AI & ML Techniques to Pro-Actively Save Tons of Money for Banks & Reduce TAT for Loan Disbursals.