Flipkart Secures NBFC Licence from RBI: A Strategic Move into Direct Lending Introduction: Flipkart’s Entry into Direct Lending Walmart-owned Flipkart has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). This development allows Flipkart to offer loans directly to customers and sellers on its platform, marking a…
RBI Approves Temasek Unit’s Stake Hike in AU Small Finance Bank Introduction to the News The Reserve Bank of India (RBI) has approved the proposal for Temasek Holdings, a Singapore-based investment firm, to increase its stake in AU Small Finance Bank. Temasek, through its subsidiary, has sought to raise its stake from the existing 15%…
RBI Clears Tata Communications’ Payment Arm Sale to Findi The Reserve Bank of India (RBI) has given its approval for Tata Communications to sell its payment arm to Findi, a fintech company. This significant move is poised to reshape the landscape of digital payments in India and contribute to the growth of the country’s fintech…
RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as the Whole Time Director of IDFC FIRST Bank. This significant development comes as the bank continues to bolster its leadership team, aiming for enhanced growth and performance. Appointment…
CRED Secures In-Principle Approval for Payment Aggregator License CRED, the Bangalore-based fintech startup, has recently made headlines by securing in-principle approval for a payment aggregator license from the Reserve Bank of India (RBI). This significant development marks a major milestone for CRED, positioning it as a key player in the rapidly evolving digital payments landscape…
RBI Approves HDFC Bank’s 90% Stake Sale in HDFC Credila The Reserve Bank of India (RBI) has given its nod to HDFC Bank’s proposal to acquire a 90% stake in HDFC Credila Financial Services Pvt Ltd. This move marks a significant development in the financial sector and underscores the growing importance of strategic acquisitions in…
HDFC Bank Receives RBI Approval for Stake Acquisition in Six Banks In a significant development for the banking sector, HDFC Bank has recently obtained approval from the Reserve Bank of India (RBI) for its proposed stake acquisition in six prominent banks. This move is poised to have far-reaching implications, especially for aspirants preparing for government…
Zomato Payments Secures RBI Approval as Online Payment Aggregator In a significant development for the digital payments landscape in India, Zomato Payments has recently obtained approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This milestone achievement positions Zomato Payments as a key player in facilitating secure and efficient…
RBI Greenlights LIC’s Acquisition of 9.99% Stake in HDFC Bank In the dynamic landscape of financial institutions, a significant development has unfolded as the Reserve Bank of India (RBI) gave its nod to Life Insurance Corporation of India (LIC) to acquire a 9.99% stake in HDFC Bank. This move bears substantial implications for students aspiring…
RBI Approves Praveen Achuthan Kutty as DCB Bank MD & CEO In a significant development for the banking sector, the Reserve Bank of India (RBI) has recently granted approval for the appointment of Mr. Praveen Achuthan Kutty as the Managing Director and Chief Executive Officer (MD & CEO) of DCB Bank. This decision marks a…
