Infrastructure push, PLI to drive up working capital demand in India: Commonplace Chartered Financial institution’s Michael Spiegel

MichaelS cropped

Demand for working capital is about to rise in India on account of the federal government’s infrastructure push and the manufacturing linked incentive (PLI) scheme, Michael Spiegel, world head, transaction banking, Commonplace Chartered Financial institution, instructed Shritama Bose. India is a crucial marketplace for the financial institution and it is …

Read More »

S&P World affirms ICICI Financial institution’s long-term issuer credit standing ‘BBB-‘ with steady outlook

icici bank, S&P Global ratings,

ICICI Financial institution will preserve its sturdy market place and market capitalisation over the subsequent 12-18 months, S&P World Rankings stated on Monday, and affirmed its long-term issuer credit standing ‘BBB-‘ with a steady outlook. The worldwide rankings agency stated the personal sector lender is more likely to maintain enhancements …

Read More »

Bank card spends bounce again in Could

Credit card spends bounce back in May

By Shashank Didmishe Bank card spends within the banking system bounced again in Could on a year-on-year foundation after witnessing a contraction in April led by wholesome enchancment in transactions on the e-commerce and point-of-sales (PoS) terminals. Total bank card spending grew by 8% month-on-month in Could to Rs 1.14 …

Read More »

Bajaj Finserv’s HackRx hosts 1,000+ college students to unravel enterprise issues; provides likelihood to win jobs, cash

hackathon, business solution, credit score, competition, job, internship

Bajaj Finserv Ltd organised the third version of its hackathon, HackRx. The annual occasion brings collectively college students throughout India who compete towards the brightest minds, and are mentored by high leaders from the trade for growing enterprise options. The third version of the two-day hackathon in Pune noticed registrations …

Read More »

RBI extends card tokenisation deadline; retailers get 3 extra months

“It has been decided to extend the timeline for storing of CoF (card-on-file) data by three months, till September 30, after which such data shall be purged,” the RBI said in a notification.

By Shashank Didmishe The Reserve Financial institution of India (RBI) on Friday prolonged the deadline for retailers to delete the cardboard storage information of their prospects underneath the card-on-file tokenisation system by three months until September 30. That is the third time the central financial institution has prolonged the timeline …

Read More »