Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing...
The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped hinder “unhealthy growth” following a surge in consumer loans he said was a “sign of...
SBI Cards and Reliance Retail are launching a credit card on India’s RuPay payment network. The co-branded card marks Reliance’s entry into the credit card space, according to a Tuesday (Oct. 31) Reuters report on the collaboration. The report noted that the card could entice customers to rewards at Reliance Retail’s...
The Reserve Bank of India (RBI) has locked in HDFC Bank, ICICI Bank and State Bank of India among almost a dozen lenders across the region to operate a blockchain-based pilot project centered on trade financing, The Economic Times reported Thursday (June 23). The effort...
July 01, 2024
The State Bank of India reportedly launched a web-based invoice financing solution for microbusinesses and small- to medium-sized businesses (SMBs). The new MSME Sahaj solution allows the bank’s customers to access financing against their sales invoices in less than 15 minutes, from application to disbursement, CNBC TV18 reported Monday (July 1). The closure of the […]
February 26, 2024
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India...
January 17, 2024
The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped...
October 31, 2023
SBI Cards and Reliance Retail are launching a credit card on India’s RuPay payment network. The co-branded card marks Reliance’s entry into the credit card space, according to a Tuesday (Oct. 31) Reuters report on the...
