Topics: Money

Payment Council hails RBI’s Master Directions on Digital Payments Security Controls to promote payment security

The Payments Council of India (PCI), the largest industry body for digital payments ecosystem in India welcomed the Master Directions on Digital Payments Security...

NTPC to raise Rs 2,500 crore in a bond issue

NTPC on January 22 said, "It will be raising Rs 2,500 crore through issuance of non-convertible bonds on private placement basis." "It has decided to...

GrayQuest ties up with SBM Bank to boost access to quality education

India based education fintech company GrayQuest has announced its partnership with SBM Bank to facilitate access to affordable funds for clients. "Through the partnership, SBM...

Centre increases authorized capital of Punjab and Sind Bank to Rs 10,000 crore

The Punjab and Sind bank on Wednesday said, "The Central Government has raised its authorized capital to Rs 10,000 crore. In a filing with the...

Avanti Finance raises Rs 15 crore in debt from Dell Foundation

Avanti Finance has today said, "It has raised Rs 15 crore in debt from Michael and Susan Dell Foundation." Avanti Finance in its statement said,...

Interview: The Budget should extend the credit guarantee scheme available for MSMEs: Umesh Mohanan, CEO of Indel Money

Umesh Mohanan, Executive Director and CEO of Indel Money tells TechGraph that, "Extending credit guarantee scheme available for MSMEs, will help them to get...

Pavel Durov says, “Telegram to monetize its platform from this year”

Telegram founder Pavel Durov said, "It will begin to generate revenue, starting next year (From 2021). Pavel Durov in its post said, "Telegram will begin...

SBI raises $600 mn from overseas bonds

India's leading public sector bank, State Bank of India (SBI) on Thursday said, "It has raised $600 million from overseas bonds." In a filing with...

BlackSoil secures Rs 32 crore via NCDs

Leading debt round funding venture firm, BlackSoil has raised Rs 32 crore through issuance of non-convertible debentures (NCDs), to complete Rs 100 crore of...

PCI Applauds RBI’s Bold Step Towards Deepening Financial Inclusion

The Reserve Bank of India (RBI) on Tuesday issued the implementation guidelines for its much awaited scheme on Payments Infrastructure Development Fund (PIDF). According...

L&T Finance Holdings to raise Rs 3,000 crore through right issue

L&T Finance Holdings on Monday said, "Its board has approved the raising of up to Rs 3,000 crore through the right issue." In a filing...

Fintech startup Open rolls out UPI AutoPay feature for small businesses

Fintech startup Open Financial Technologies has announced that "It is rolling out UPI AutoPay feature for its 650000+ small business customers." Open in its statement...

Fintech: Kimberly Nasief joins GammaRey’s board

Leading fintech company, GammaRey has announced the appointment of Kimberly Nasief as a member of its board of directors. Speaking on the appointment of Kimberly...

Edu-tech startup Codeyoung secures seed round funding from Guild Capital

Bangalore based online coding platform for K12 students, Codeyoung has raised an undisclosed amount from U.S. based Venture firm Guild Capital in a series...

Yandex completes the reorganization of Yandex.Money and Yandex.Market with Sberbank

Russian tech giant Yandex has announced that they have completed the reorganization of their joint venture Yandex.Market and Yandex.Money with Sberbank. In a filing with...

Yes Bank Board approves fundraising plan through FPO

Private sector lender, Yes Bank on Tuesday announced that "Its board has approved the plan to raise funds through a further public offering (FPO)." In...

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as...

Axis Bank to suspend UK subsidiary

Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. In a filing with the exchange, the bank...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

NPCI: Transactions through Google Pay are protected by law

National Payments Corporation of India (NCPI) on Thursday said, "As Google Pay is classified as third-party app provider (TPAP), the transaction made through it...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

Microfinance lender Satin Creditcare to raise Rs 120 crore through rights

Gurugram-based Microfinance lender Satin Creditcare Network Ltd (SCNL) is reportedly planning to raise to Rs 120 crore through a rights issue of shares. In a...

ICICI Bank allots 12,603 equity shares under ESOS

India-based private lender ICICI Bank has announced the allotment of 12,603 equity shares under the Employee Stock Option Scheme (ESOS). In a filing with the...

Raymond to raise Rs 100 crore through NCDs

India's leading textile company Raymond Ltd is planning to raise up to Rs 100 crore through issuance of non-convertible debentures (NCDs) on a private...

Indiabulls Housing Finance secures Rs 1,030 crore through issuance of bonds

Indiabulls Housing Finance Ltd has raised Rs 1,030 crore through issuance of bonds on a private placement basis. In a filing with the stock exchange,...

Coronavirus Update: PM Modi announces Rs 20 lakh crore economic stimulus package

Addressing the nation on the coronavirus lockdown, Prime Minister Narendra Modi on Tuesday announced the economic stimulus package worth Rs 20 lakh crore. PM Modi...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...

Ex-Finance Minister P Chidambaram, “Govt needs to put money in the hands of poor for demand growth”

Speaking in the parliament on Friday, Congress leader and ex-finance minister P. Chidambaram said, “A classic solution for reviewing the sluggish economy is by...

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