BFSI

Fintech in India – Powering a digital economy: Nasscom, KPMG release report

KPMG in India, in collaboration with Nasscom, released the report 'Fintech in India – Powering a digital economy' at the Nasscom India Fintech Day.

4 disruptive initiatives of Paytm

From getting invested by Warren Buffet to testing facial recognition for digital payments, Paytm is leaving no stone unturned.

Government redeploys 10 top banking officials to helm public sector banks

In order to make things better for the state-run banks, the government has reshuffled top banking officials. Mrutyunjay Mahapatra, former Dy. MD and CDO of State Bank of India, becomes CEO of Syndicate Bank.

OBOPAY acquires consumer-technology firm Mubble

The acquisition is a part of Obopay’s long term strategy to aggressively strengthen and enhance its data analytics capabilities and mobile app expertise.

Govt. appoints Mrutyunjay Mahapatra as the CEO of Syndicate Bank

The government of India on Wednesday appointed Mrutyunjay Mahapatra, the former Dy. MD and CDO of State Bank of India, as the new CEO of Syndicate Bank.

Bank of Baroda, Dena Bank, Vijaya Bank merger plan invites mixed reactions

Although shareholders remain pessimistic, experts expect improved operational efficiency, credit growth and governance for the three PSU banks in the long term. 

Government asks RBI to identify PSU banks that can be merged

Government has asked the Reserve Bank of India to identify and prepare a list of government controlled lenders that can be merged together.

Leverage technology, take banking to the unserved and underserved

MFIs have been able to adapt to the competitive environment, have embraced different business models and have adopted technology to make them efficient and profitable. The transition to a bank would mean leveraging this knowledge to overcome the barriers to financial inclusion.