CVs to drive auto financiers' growth

Chennai: Vehicle finance growth is expected to increase to a CAGR of 15 per cent during FY18-20, compared to 12 per cent during preceding three fiscals, on the back of robust deman...

Low operating expense, high yields to help NBFCs' grow their rural books

Mumbai: Non-Banking Financial Companies (NBFC's) have significantly increased their rural presence over the past two years and will be able to grow further on the back of low o...

Funds bought record ~1.3 trn stocks in FY18

New Delhi: Equity funds in India have invested Rs 1.3 trillion (US$ 20.08 billion) in stocks in 2017-18 (up to February 2018) on the back of strong domestic inflows.

51% rise in SIP contribution to mutual funds so far this financial year

New Delhi: The contribution of systematic investment plans (SIP) to the mutual funds in India has increased 51 per cent year-on-year between April 2017 to January 2018 with total i...

India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018

New Delhi: The nation-wide rollout of the India Post Payments Bank (IPPB) Expansion Programme is expected by April 2018, resulting in the largest financial inclusion network in the...

Maharashtra government unveils financial technology policy

Mumbai: The Government of Maharashtra launched a financial technology policy, aimed at establishing a global fintech hub in the Mumbai Metropolitan Region and developing the state ...

Digital transactions rise to 1.11 billion in January

New Delhi: Digital transactions grew 4.73 per cent to reach a new peak of 1.11 billion in January 2018, as per data released by the Reserve Bank of India (RBI).

Global firms to push domestic digital payments to US$ 1 trn

Mumbai: India's digital payments are estimated to increase to US$ 1 trillion by 2023, backed by global technology majors boosting infrastructure as aggregators for retail payme...