FY25 proved a tough year for NBFC-MFIs. Their loan portfolios actually got smaller, which isn’t good news. Even worse, more borrowers had trouble paying back their loans. The MFIN Micrometer indicates they’re lending larger amounts, but overall, the sector’s definitely…
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Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management),50 joint venture between Jio Financial Services Limited and BlackRock, on Wednesday has received regulatory approval from the Securities and Exchange Board of India (SEBI) and BSE Limited to begin operations as…
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Rapido is entering the competitive food delivery market dominated by Zomato and Swiggy, initiating a pilot program in Bengaluru. While analysts anticipate minimal immediate impact on the market leaders’ shares, Rapido’s lower commission structure could attract restaurants, particularly in tier-II…
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SEBI will introduce UPI IDs for registered intermediaries collecting funds, enhancing payment security and transparency for investors. This initiative, effective October 1, aims to combat investor fraud by ensuring funds reach only verified entities. SEBI is also collaborating with app…
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The “Validated UPI Handles” and “SEBI Check” will enhance Investor Protection and Combat deepfakes and cyber frauds. Investors can check on ‘SEBI Sheck” whether a UPI handle or bank account is registered or not before making any payment.
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The Indian banking and financial services industry (BFSI) is currently experiencing a dynamic period characterised by moderate credit growth expectations alongside evolving profitability pressures, according to a report by Boston Consulting Group (BCG).
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