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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."
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top GainersEquitymaster
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
Suryoday SFB board approves plans to raise up to Rs 500 crore via equity and debt
Suryoday Small Finance Bank's board has greenlit plans to raise up to Rs 300 crore through share sales and Rs 200 crore via debt instruments. These fundraising avenues, including rights issues and QIPs, are approved for one year. The bank, with a strong capital adequacy ratio, also set July 17 as the record date for its proposed 15% dividend, signaling a proactive approach to growth and shareholder returns.
RBI draft allows AIFIs, HFCs to borrow from call money
The Reserve Bank of India (RBI) has proposed allowing All India Financial Institutions (AIFIs) and housing finance companies (HFCs) to borrow in the term money market, while also increasing borrowing limits for standalone primary dealers to strengthen liquidity and market participation.
Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
RBI issues Amendment Directions on Review of Framework of Limiting Customer Liability in Digital Transactions
The Reserve Bank of India (RBI) has issued Amendment Directions on 'Review of Framework of Limiting Customer Liability in Digital Transactions. This basically offers revised customer protection norms for digital banking transactions, widening the scope of existing rules to cover a broader range of fraudulent electronic transactions and introducing a compensation mechanism for victims of small-value digital frauds.
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,100 | Bajaj Finance & HDFC Bank Top GainersEquitymaster
RBI to raise large exposure limit for upper layer NBFC-IFCs to 45% from 35% of eligible capital base
The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure sector.
Equitas Small Finance Bank board clears ₹1,750 crore capital raising plan
Shares of Equitas Small Finance Bank Ltd ended at ₹77.12, up by ₹0.070, or 0.091%, on the BSE.