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Agriculture And Allied Industries

Fiscal Year:

FreeCharge sold to Axis Bank for ~400 cr

New Delhi: Indian private lender Axis Bank is expected to acquire the mobile wallet app Freecharge in a deal worth Rs 350-400 crore (US$ 54.3-62.1 million).

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July 27, 2017

MUDRA loan to small traders: Rs. 137449 crore sanctioned in FY 2015-16; Rs. 180528 crore sanctioned in FY 2016-17

New Delhi: Indian financial institutions sanctioned loans worth Rs 137,449 crore (US$ 21.3 billion) and Rs 180,528 crore (US$ 28 billion) to small and micro enterprises in FY16 and...

July 19, 2017

Bank customers won't have to bear loss from fraudulent transactions: RBI

New Delhi: The Reserve Bank of India (RBI) has announced plans to limit customer liability in online banking frauds by asking banks to credit the amount involved in the unauthorise...

July 07, 2017

India gets good ranks on FSB's reform report card to G20

New Delhi: India is listed as a compliant or largely compliant country with respect to priority area reforms by the Financial Stability Board (FSB).

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July 04, 2017

Digital payments surge 55% in 2016-17, says Niti Aayog's Ratan Watal

New Delhi: Digital payments in India rose 55 per cent in volume and 24.2 per cent in value year-on-year in FY 2016-17, stated Mr Ratan Watal, Principal Advisor, Niti Aayog.

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July 04, 2017

UPI transactions cross 10 million mark in June, says NPCI

New Delhi: The number of transactions on Unified Payments Interface (UPI), a payment system for instant fund transfer between two bank accounts on the mobile platform, crossed the ...

July 04, 2017

Govt banks devise three-tier plan for bad loan resolution

Mumbai: The public sector banks have devised a three-tier strategy to resolve the stressed asset cases totalling Rs 10 trillion (US$ 155.05 billion) and quicken the recovery proces...

June 23, 2017

Bank credit grows at 6.02%, deposits at 11.19%

Mumbai: Bank credit grew 6.02 per cent year-on-year to Rs 76.58 trillion (US$ 1.18 trillion), whereas bank deposits increased 11.19 per cent year-on-year to Rs 105.77 trillion (US$...

June 22, 2017
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