How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Read More
Faced with RBI audit, IIFL Finance delays Board meet for earnings release
In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
Read More
GST to be paid by telcos along with instalments towards spectrum charges
The clarification will end confusion among field formations regarding the method for collection of GST in the auction process.
Read More
IBC recoveries down even as resolutions soar in FY24
The recovery from defaulters under the Insolvency and Bankruptcy Code (IBC) in India decreased in 2023-24 despite 42% more cases being resolved. The realisation for creditors from the resolution of stressed companies decreased to ₹47,653 crore from ₹55,449 crore in…
Read More
Food delivery companies lean on existing users for growth
In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.
Read More
Four European Union banks seek RBI nod for clearing model
“There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI’s approval on the proposed third-party model because there is no established rulebook for this kind of arrangement,”…
Read More