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Female entrepreneurs to drive deeper digital finance adoption says DBS Bank study, finds 84% already use payment tools
Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey."
Female entrepreneurs to drive deeper digital finance adoption says DBS Bank study, finds 84% already use payment tools
Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey."
RBI tightens rules on recovery of excess pension payments
Government pensioners will now have stronger protection against unexpected deductions from their accounts. The Reserve Bank of India has mandated that banks must inform pensioners and obtain their consent before recovering any excess pension payments. This new directive ensures that individuals are aware and agree to any adjustments, preventing abrupt debits and requiring a written undertaking from pensioners for future recoveries.
Bond market reforms could bring billions in foreign capital to India
A series of measures announced by the RBI and the government could bring up to $50 billion of foreign capital into India, according to analysts. The package includes incentives for FCNR deposits, easier access to government bonds for foreign investors, and tax relief on government securities. Brokerages including Deutsche Bank, Macquarie and Jefferies believe the steps could support the rupee, lower borrowing costs, help bridge India's balance-of-payments gap, and strengthen its case for inclusion in more global bond indices.
Stocks in news: Coal India, Marico, Fino Payments Bank, L&T, Physicswallah
Indian markets closed lower amid global volatility and geopolitical concerns, with analysts expecting continued choppiness due to monthly expiry. Several stocks like Coal India, Marico, and L&T are in focus due to news developments, including government stake sales, new product launches, and order wins.
Jio Payments Bank introduces UPI-based cash withdrawal services
Jio Payments Bank now allows UPI-based cash withdrawals. Customers can scan a UPI QR code at business correspondent points to get cash. This eliminates the need for debit cards or ATMs. The initiative aims to improve digital payment access, especially in rural and semi-urban areas. It strengthens UPI's reach and promotes financial inclusion across India.
Stocks to Watch Today: Shyam Metalics, Aurobindo Pharma, ACME Solar, PDS, Deep Ind, Godrej Consumer, CreditAccess, Jubilant FoodWorks in focus on 07 April
Stocks to Watch, 7 Apr | Stocks like Jubilant FoodWorks, Fino Payments Bank, CreditAccess Grameen, Gallantt Ispat, Godrej Consumer Products, PC Jeweller, Shyam Metalics and Energy, Aurobindo Pharma, ACME Solar Holdings, PDS, Deep Industries, Vivid Electromech, and Sammaan Capital will be in focus on April 7.