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  • PE firm Multiples invests $30 million in neobanking platform Niyo Jul 19, 2022 05:55 PM IST

    PE firm Multiples invests $30 million in neobanking platform Niyo

    Niyo will use the funds to expand its product offerings by adding more consumer-focused products such as credit cards, remittances, loans, etc

  • Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs Jun 20, 2022 08:15 PM IST

    Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs

    The move may impact credit products of fintech players who extend credit through prepaid payment instruments such as prepaid cards and wallets.

  • Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin Jun 20, 2022 10:11 AM IST

    Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin

    The planned fundraise is said to fetch the company a valuation of $500 million and is likely to be led by private equity firm Multiples.

  • Banks seek six-month extension from RBI to implement new norms for credit, debit and co-branded cards Jun 14, 2022 07:07 AM IST

    Banks seek six-month extension from RBI to implement new norms for credit, debit and co-branded cards

    Meanwhile, fintechs and banks are working on a way that will allow a separate entity under the card-issuing entity to access data, while another co-branding entity will not have access to data as per the norms.

  • MC Interview | Slowdown in startup funding does not change Federal Bank’s fintech strategy, says ED Shalini Warrier Jun 13, 2022 09:53 AM IST

    MC Interview | Slowdown in startup funding does not change Federal Bank’s fintech strategy, says ED Shalini Warrier

    According to Shalini Warrier, fintechs with the right customer proposition, a strong segment strategy, and proven founder capability will not find it difficult to raise funds

  • Neobanking platform Fi launches mutual fund investments, peer-to-peer lending to follow May 05, 2022 02:28 PM IST

    Neobanking platform Fi launches mutual fund investments, peer-to-peer lending to follow

    The startup will look at adding more lending products, starting with unsecured personal loans in the next 12 months. Fi's co-founders added that they do not see any constraints in terms of raising more funds despite the slowdown in startup funding.

  • How Federal, Equitas Small Finance, RBL and SBM Bank India are riding the bank-fintech partnership wave Mar 07, 2022 10:26 AM IST

    How Federal, Equitas Small Finance, RBL and SBM Bank India are riding the bank-fintech partnership wave

    These banks are expanding their digital presence with a branch-lite, distribution heavy model. With a strong digital presence through fintechs, the banks are looking to serve the next set of digital customers.

  • FM Nirmala Sitharaman to meet heads of banks, FIs next week; nudge them to expand credit to boost economy Nov 10, 2021 01:35 PM IST

    FM Nirmala Sitharaman to meet heads of banks, FIs next week; nudge them to expand credit to boost economy

    The two-day conference, beginning November 17, would see participation from all public sector banks and financial institutions (FIs).

  • Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital Nov 01, 2021 10:37 AM IST

    Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital

    Fi offers a zero-balance savings account targeting working professionals, with the goal of simplifying banking and savings for them. While it was invite-only until recently, it has now opened up to all users

  • Visa closes $5 million investment as part of Open’s Series C fundraise Oct 25, 2021 08:52 PM IST

    Visa closes $5 million investment as part of Open’s Series C fundraise

    Open had announced on October 12 that it raised $100 million in its Series C round led by Temasek and that it plans to use the funding to further strengthen its new product lines and foray into global markets.

  • Govt initiates process for filling posts of independent directors in PSBs, FIs Oct 10, 2021 01:31 PM IST

    Govt initiates process for filling posts of independent directors in PSBs, FIs

    There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, sources said.

  • F&O cues: Nifty 8200 Put shed 9 lakh shares in OI Oct 28, 2015 08:20 AM IST

    F&O cues: Nifty 8200 Put shed 9 lakh shares in OI

    F&O cues: Nifty 8300 Call sheds 6.4 lakh shares in Open Interest and Nifty 8200 Put sheds 9 lakh shares in Open Interest.

  • Maha FDA chief pitches for Make in India in food processing Oct 20, 2015 10:45 AM IST

    Maha FDA chief pitches for Make in India in food processing

    "The food processing sector has immense potential for future growth that needs to be further tapped against the global landscape. The present environment in conducive to Make in India in the sector and needs to be backed by innovation and technology," Harshdeep Kamble said.

  • BI To Rev Up Marketing Campaigns On As F1 Race Day Draws Close Oct 26, 2013 01:30 AM IST

    BI To Rev Up Marketing Campaigns On As F1 Race Day Draws Close

    Vodafone McLaren Mercedes F1 team is accessing valuable consumer data, by tapping into the pulse of social media data, with SAP Social Media Analytics by NetBase during the Indian Grand Prix event.

  • Money talking louder than ever in F1 Jan 23, 2013 08:07 AM IST

    Money talking louder than ever in F1

    Timo Glock's sudden exit from Marussia has brought into sharper focus an age-old truth of Formula One - that money makes the wheels go round - and highlighted the gulf between cash-rich rights holders and struggling teams.