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Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
New Delhi: Indian expats in the U.S. may soon get some relief on money transfers back home. The final draft of the 'One Big Beautiful Bill Act', backed by former President Donald Trump, now proposes slashing the remittance tax to just 1 per cent. This is a major reduction from earlier versions which suggested a 5 per cent levy, later brought down to 3.5 per cent in the House proposal. The revised proposal is expected to benefit around 2.9 million Indians living in the U.S. -- the second-largest ...Read More >
Thane, June 29: Police have arrested three persons, allegedly linked to an international fraud syndicate, for cheating an elderly woman in Maharashtra's Thane city of more than Rs 3 crore after keeping her under "digital arrest", officials said on Sunday. The 61-year-old woman received a call on August 13, 2024 from some persons posing as a courier company personnel, claiming they had seized her parcel containing a laptop, 140 grams of MD (drug) powder, a Thai passport, three credit cards and fo ...Read More >
Thane: Police have arrested three persons, allegedly linked to an international fraud syndicate, for cheating an elderly woman in Maharashtra's Thane city of more than Rs 3 crore after keeping her under "digital arrest", officials said on Sunday. The 61-year-old woman received a call on August 13, 2024 from some persons posing as a courier company personnel, claiming they had seized her parcel containing a laptop, 140 grams of MD (drug) powder, a Thai passport, three credit cards and four kg of ...Read More >
Thane, Jun 29 (PTI) Police have arrested three persons, allegedly linked to an international fraud syndicate, for cheating an elderly woman in Maharashtra's Thane city of more than Rs 3 crore after keeping her under "digital arrest", officials said on Sunday. The 61-year-old woman received a call on August 13, 2024 from some persons posing as a courier company personnel, claiming they had seized her parcel containing a laptop, 140 grams of MD (drug) powder, a Thai passport, three credit cards a ...Read More >
New Delhi: The Madras High Court has agreed with the State Bank of India (SBI) after it cancelled a job offer to a candidate because of his poor credit history. The court said that good financial discipline is very important for people working in banks, as they handle public money. A candidate had successfully passed all the stages for the post of Circle Based Officer (CBO) at SBI. He cleared the written exam, interview, and medical checks. However, before joining, the bank checked his CIBIL cr ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connecti ...Read More >
Mumbai: The board of IndusInd Bank has shortlisted three candidates for the role of managing director and chief executive officer - Rajiv Anand, deputy managing director at Axis Bank; Rahul Shukla, group head of commercial and rural banking at HDFC Bank; and Anup Saha, managing director of Bajaj Finance. With the Reserve Bank of India's June 30 deadline nearing, the board is unlikely to consider more contenders, people aware of the development said. The RBI had asked the board to submit three n ...Read More >
NEW DELHI: India's new approach to treat any act of terror as an act of war has added a new dimension to the Navy's operational outlook after the conduct of Operation Sindoor against Pakistan, Admiral Dinesh K Tripathi said Friday."We must be prepared for this new normal," the Navy chief said at an investiture ceremony here. Over 35 Indian warships and submarines led by aircraft carrier INS Vikrant, with its MiG-29K fighters, were forward deployed in a dissuasive deterrent posture against Pakist ...Read More >
CHENNAI: Asserting that a person with poor or no financial discipline cannot be trusted with public money, Madras high court confirmed State Bank of India's decision cancelling the appointment of a circle-based officer (CBO) due to a poor Cibil score."...the bank took a prudent decision that candidates with a history of default in repayment of loans and adverse Cibil reports were ineligible. The probable rationale behind the criteria may be that in the banking business employees deal with public ...Read More >
Hyderabad: Samsung has officially launched the Samsung Galaxy M36 5G smartphone in India, expanding the M-series lineup. The new handset features a 120Hz Super AMOLED display, an Exynos 1380 chipset, 6GB RAM, 128GB storage, and a 50MP triple rear camera setup. It packs a 5,000mAh battery with 25W wired fast charging. The device runs on OneUI 7 based on Android 15. Notably, it is the successor of the Samsung Galaxy M35 5G, launched in India last July. Samsung Galaxy M36 5G: Price, availability ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
Mumbai: The Central Bureau of Investigation (CBI) has arrested a junior engineer working in the office of the Assistant Garrison Engineer (AGE) at the Naval Officers Family Residential Area (NOFRA), in Navy Nagararea of Colaba, for demanding and accepting a bribe of Rs 4.5 lakh from a contractor to clear a pending bill of Rs 40 lakh. About The Case The accused Dinesh Pandey was caught red-handed while accepting the bribe in the presence of AGE RS Thakur. The bribe amount was later recovered fr ...Read More >
Warangal/Karimnagar: Muted salary growth, rising aspirations, higher costs, and financial mismanagement have become a deadly cocktail for the middle class people, especially salaried class, which is getting them sucked into a vortex of indebtedness. According to RBI, nearly a third of credit card users across India have either defaulted or made delayed payments in 2024. The surge in indebtedness is primarily driven by people's indiscriminate use of credit cards, which banks had issued easily to ...Read More >
Guwahati: For the first time in the state, authorities in Morigaon district attached property exceeding Rs 1 crore belonging to a cyber-fraud suspect who is on the run, following a court order. The property, a 1.5 katha (4,320sqft) land owned by Shoriful Islam, is situated in Morigaon town.According to police officials, Islam, who is from Bowalguri village under Laharighat police jurisdiction, allegedly collaborated with others to defraud a prominent finance organisation of more than Rs 1 crore. ...Read More >
Pune (Maharashtra) [India], June 6: Bajaj Markets simplifies access to personal loans from multiple financial partners, and facilitates the funding for diverse needs, including travel, wedding expenditures, and medical emergencies. Users can easily compare vital loan specifics like interest rates, available loan amounts, and repayment tenures, and select those that align with their specific requirements and preferences. Also Read | Arietids Meteor Shower 2025 Peaks on June 7: Why Is It Known As ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meh ...Read More >
NEW DELHI: The government on Wednesday approved continuation of Modified Interest Subvention Scheme (MISS) for 2025-26 under which farmers get short-term credit at affordable rate through Kisan Credit card (KCC). The decision regarding continuation of MISS for fiscal year 2025-26 with the existing 1.5 per cent interest subvention was taken by the Union Cabinet, informed Information and Broadcasting Minister Ashwini Vaishnaw. The continuation of the scheme will cost exchequer Rs 15,640 crore. ...Read More >
New Delhi, May 28 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the interest subvention component under the modified interest subvention scheme (MISS) for loans to farmers during the financial year 2025-26, and approved the required fund arrangements, according to an official statement issued after the meeting. MISS is a Central sector scheme aimed at ensuring the availability of short-term credit to farmers at an affordab ...Read More >
New Delhi: The government on Wednesday approved continuation of Modified Interest Subvention Scheme (MISS) for 2025-26 under which farmers get short-term credit at affordable rate through Kisan Credit card (KCC). The decision regarding continuation of MISS for fiscal year 2025-26 with existing 1.5 per cent interest subvention was taken by the Union Cabinet, informed Information and Broadcasting Minister Ashwini Vaishnaw. The continuation of the scheme will cost exchequer Rs 15,640 crore. MISS ...Read More >
BENGALURU, India, May 26, 2025 /PRNewswire/ -- CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions -- and over 60% attributed to Person-to-Merchant (P2M) payments -- acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on -- offering a scal ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recom ...Read More >
Panaji, Feb 4 (PTI) Goa Chief Minister Pramod Sawant on Tuesday said Union Finance Minister Nirmala Sitharaman has accepted the state's request to continue the scheme for special assistance to states for capital investment in 2025-26 with an outlay of Rs 1.5 lakh crore. Addressing a press conference here, the chief minister analysed the takeaways for the coastal state in the Union budget tabled on February 1. Sawant said, "The Union Finance Minister has accepted our request to continue the sch ...Read More >
The holiday season is a time full of joy and excitement - and, for many, a bit of financial stress. But here's a secret: Your credit card could be the holiday helper you didn't even know you needed. Here's how your credit card can lighten the load this holiday season. Rack up rewards Many credit cards offer rewards on your purchases, typically in the form of points, miles or cash back. Because the holidays tend to be a time of heavy spending for some, you have the opportunity to really take a ...Read More >
Noida: Six people were arrested from Sector 37 on Sunday for cheating over 50 people on the pretence of increasing their credit card limits. Another member of the gang is on the run. Manish Mishra, ADCP of Noida, said the gang would make phone calls to credit card holders and offer to increase their card limits. They would ask the victims to download an app from a fabricated website. Once downloaded, the victims would then be asked to fill a form with their credit card details, email id, PAN ca ...Read More >
Noida: The city police has arrested a gang of six persons who duped more than 50 people, used their credit cards and bought expensive items like mobile phones, gold and silver. The modus operandi included a call to victims with a promise to increase their credit card limits. Noida Additional Deputy Commissioner of Police (ADCP) Manish Mishra said the gang posed as bank officials to credit card holders and offered to raise their credit limits. ...Read More >
Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on February 15, 2025 ...Read More >
NewsVoir Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on Februar ...Read More >
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