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Financial Services

Fiscal Year:

Investors could soon get to trade in commodity, weather-based indices

Mumbai: The Securities and Exchange Board of India plans to introduce index-based trading in commodities market and weather-based indices, similar to the equities market, to a...

October 26, 2015

Alibaba invests US$ 680 million in Indian firm Paytm

New Delhi: Chinese e-commerce giant Alibaba Group Holding has invested US$ 680 million in the Indian online payment and e-commerce firm Paytm, thus becoming the biggest shareholder...

September 29, 2015

Swiss Bank group Julius Baer launches bank in India

Mumbai: Julius Baer, the Swiss private bank, has launched its first bank in India, three years after acquisition of DSP Merrill Lynch's domestic wealth management business.


September 22, 2015

Paytm plans to start India's first payments bank

New Delhi: Paytm is targeting to launch India’s first payments bank by the end of this financial year and expects to touch Rs 10,000 crore (US$ 1.5 billion) in deposits in th...

September 14, 2015

PM Narendra Modi's PMJDY makes India #1 in commitment to financial inclusion: Brookings

New Delhi: Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014 for the purpose of financial inclusion and financial literacy, has earned the top spot in commitment to f...

September 14, 2015

Government simplifies contribution and exit rules for Atal Pension Yojana

New Delhi: To increase the subscriber base and ensure wider reach, the Central Government has eased several norms for its flagship insurance scheme Atal Pension Yojana (APY),in ter...

August 20, 2015

RBI to raise spending limit on e-wallets

Mumbai: The Reserve Bank of India plans to raise the spending limit on e-wallets, an electronic card used for payment for utility bills and online purchases, which can be used by a...

August 05, 2015

SBI ties up with Snapdeal, PayPal to boost business with new generation sellers

Kolkata: State Bank of India (SBI) plans to boost micro small and medium enterprises (MSME) businesses by financing new generation sellers using Snapdeal e-commerce portal and fa...

May 22, 2015
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