Page 2 - Financial Services

"Debt resolution start-up Credgenics believes technology & analytics-led approach, the answer to India's mounting debt challenge"

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Technology will empower a billion Indians: Microsoft India President

On skills, it's estimated that more than half of Indian talent of all types will need reskilling in two years, says Anant Maheshwari

Communication fitness firm vani.coach to skill corp execs, eyes $15 mn ARR

Pune-based firm counts Lupin, L&T, Asian Paints, Reckitt and Cipla among clients; has raised a pre-seed round of $150,000, and is now in talks with some venture capitalists for a seed round

Ola to invest up to Rs 786 crore in Ola Financial Services

Ola Financial Services is expanding its suite of products by launching new lending offerings

Cholamandalam Investment and Finance reports Q2 net at Rs 606.54 cr

The assets under management as of September 30, 2021 stood at Rs 75,063 crore as compared to Rs 74,471 crore as of end September in FY 2021

Google-Equitas Small Finance Bank deposits deal under RBI's watch

Panel on digital lending may focus on marketplace for banking products

PayU aims to provide full-stack financial services to its customers

So far, the company has disbursed about $300 million in credit and it now wants to add new products

Xiaomi to offer full spectrum of financial services in India via partners

Xiaomi is bringing in offerings like gold loans, credit line cards and insurance products as it looks to provide the full spectrum of financial services across payment, lending and insurance in India

Avendus calls first close of Future Leaders Fund II, Rs 584 cr committed

The fund, a category-II AIF registered with Sebi, is targeting to raise Rs 750 crore with a green shoe option of another Rs 500 crore

Reserve Bank of India's FI-Index shows better access to financial services

The RBI had announced the introduction of such an index in its bi-monthly monetary policy statement on April 7

RBI imposes Rs 6 lakh penalty on Hewlett-Packard Financial Services

The RBI on Tuesday said it has imposed a penalty of Rs 6 lakh on Hewlett-Packard Financial Services (India) Private Ltd, Bengaluru for non-compliance with certain directions issued by it.

Razorpay acquires TERA Finlabs; bags third firm in less than 3 years

TERA Finlabs is a Bengaluru-based startup that provides technology, risk and capital solutions.

IFSCA issues norms for setting up, operating ITFS to provide trade finance

The International Financial Services Centres Authority (IFSCA) on Monday released a framework for setting up and operating an international trade finance services platform

Paytm president Amit Nayyar, other top executives quit ahead of IPO

Paytm is headed for a $2.3-billion IPO by the end of 2021

CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital

Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries

RBI tweaks norms for interest on unclaimed amount after deposit matures

The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.

RBI red flags concerns around big tech in financial services sector

Concerns such as level playing field with banks and operational risks have intensified lately: RBI

Tech giants' growth in digital financial services poses stability risk: RBI

India has seen massive interest from deep pocketed global technology players in recent years as Amazon.com Inc., Alphabet, others.

IPO buzz on the Street as dozen finserv players line up Rs 55,000 cr issues

As Paytm board reportedly approving a share sale plan running north of Rs 22,000 crore,IPO market is set for a big days as over a dozen finserv players are set to mop up over Rs 55,000 cr this fiscal

Persistent Systems appoints Suresh Prabhu as chief delivery officer

He joins Persistent from Epicor Software, where he was responsible for the development and delivery of on-premise and software-as-a-service solutions