Banking

RBI’s Strategic Measures to Boost Liquidity in the Banking System

In a timely move to stabilize the financial system, the Reserve Bank of India (RBI) has introduced a series of liquidity-boosting measures. These include a $5 billion USD/INR buy/sell swap auction, open market operations (OMOs), and a variable rate repo...

Finvasia and Yes Bank Unveil ‘Jumpp’

Finvasia, a fintech company based in Mohali, Punjab, has collaborated with Yes Bank to launch a new, AI-powered super app named Jumpp. This innovative app aims to simplify and enhance personal finance management by offering a range of services under...

Kotak Mutual Fund Introduces India’s First MSCI India ETF

In a landmark move, Kotak Mutual Fund has launched the Kotak MSCI India ETF, which marks the introduction of India's first exchange-traded fund (ETF) designed to track the MSCI India Index. This new ETF offers investors an efficient way to...

IPPB & PNB MetLife Partner to Expand Life Insurance Access in India

India Post Payments Bank (IPPB) and PNB MetLife India Insurance have announced a significant bancassurance partnership aimed at making life insurance more accessible to millions of Indians. This collaboration will utilize IPPB’s vast network to offer PNB MetLife’s insurance solutions,...

RBI Picks Exto India for Offline Payment Testing

The Reserve Bank of India (RBI) has taken another step towards enhancing digital payment accessibility by selecting Exto India Technologies to test offline payment solutions under its Regulatory Sandbox. This initiative is designed to support digital transactions in areas with...

Karnataka Bank’s Triumph at IBA Banking Technology Awards

Karnataka Bank has achieved a remarkable milestone by securing top honours in six categories at the 20th Annual Banking Technology Conference, Expo & Citations, 2024, organized by the Indian Banks' Association (IBA). This accomplishment underscores the bank's unwavering commitment to...

CRED Launches e₹ Wallet, Advancing India’s Digital Currency Adoption

CRED, one of India's leading fintech companies, has made a groundbreaking move by launching the beta version of the e₹ wallet. With this integration, CRED becomes the first fintech platform to adopt India's central bank digital currency (CBDC), the e-rupee....

SEBI Launches ‘Dharohar’: A Digital Tribute to India’s Market Legacy

On January 26, 2025, the Securities and Exchange Board of India (SEBI) marked a significant milestone with the launch of "Dharohar – Milestones in the Indian Securities Market." The digital repository was unveiled on India's 76th Republic Day and aims...

SEBI Introduces iSPOT Portal to Streamline Reporting of Technical Glitches

The Securities and Exchange Board of India (SEBI) has unveiled a new initiative aimed at simplifying the process of reporting technical glitches within India’s financial markets. Known as the Integrated SEBI Portal for Technical Glitches (iSPOT), this portal will replace...

RBI Sets 6.66% Interest Rate on GOI Floating Rate Bonds 2035

The Reserve Bank of India (RBI) has recently announced that the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) will be set at 6.66% per annum. This rate will be applicable for the period...