SEBI imposed fine: The Securities and Exchange Board of India (SEBI) has recently levied a penalty of Rs 1.9 crore on four ex-officials of Karvy group. These individuals were found guilty of multiple violations, which included misappropriation of clients’ securities, as well as non-segregation of clients’ funds and securities. The four former officials who have … Read more
RBI Penalities on Axis Bank, J&K Bank, and Bank of Maharashtra – Recently the bank regulator RBI put penalties on 3 big banks in India, which are Axis Bank, J&K Bank, and Bank of Maharashtra, where they are found accountable for failure to adhere to RBI’s guidelines on the central repository of significant common exposures … Read more
RING Digital: With the objective to implement UPI Plug-in features , NPCI had collaborated with RING Digital which will enhance the use with a Scan and Pay option, like premium card services like BHIM App, thus attracting new customers who prefer to use UPI for payments. RING Digital: Explained simply RING is determined to provide … Read more
New Zealand Recession: Recenly Central Bank of New Zealand had confirmed that their country had entered into recession in the 4th quarter of 2022, where the recent natural disaster of Auckland flash floods had amplified the economic problem of the country. New Zealand Recession: Central Bank Prespective Talking over it New Zealand had told to … Read more
Bank Of Baroda UPI Withdrawal: For customers, Bank of Baorda introduced cash withdrawal from GOI UPI through their ATM throughout the country. Bank Of Baroda UPI Withdrawal:What is the significant Recently, a prominent public lender named Bank of Baroda had introduced Cardless Cash Withdrawal (ICCW) for their customers, thus allowing them to withdraw their money … Read more
Binance Faces US Legal Action: In the latest news, Binance, a well-known platform for buying and selling cryptocurrencies, is facing legal trouble from the US Securities and Exchange Commission (SEC). The SEC is accusing Binance of mishandling money and giving incorrect information to the authorities. This has had a big effect on the cryptocurrency market, … Read more
India’s Fintech: India, a country experiencing rapid growth, is also witnessing a remarkable expansion in its fintech sector, particularly in the digital payments segment. A recent report titled “Digital payments in India: A $10 trillion opportunity,” jointly released by Boston Consulting Group (BCG) and PhonePe, highlights the immense potential of India’s digital payments market. India’s … Read more
Amazon Web Services (AWS) Investment 2023 : Amazon Web Services (AWS) has announced a significant investment of $12.7 billion in India’s cloud infrastructure by 2030. This move is aimed at meeting the growing demand for cloud services in the country. The investment is expected to have a positive impact on India’s economy, contributing $23.3 billion … Read more
Razorpay Turbo UPI: Razorpay, a leading fintech unicorn, has introduced ‘Turbo UPI,’ a new payment solution for the Unified Payments Interface (UPI) network in India. Colloborating with National Payments Corporation of India (NPCI) and Axis Bank, Razorpay aims to simplify the payment process for users, allowing them to make direct payments without being redirected to … Read more
Morgan Stanley Report: According to a recent report by Morgan Stanley, India is on track to surpass Japan and Germany, becoming the world’s third-largest economy by 2027. The country’s robust investments in technology and energy, coupled with favorable global trends, are driving this economic transformation. Additionally, Morgan Stanley predicts that India will boast the third … Read more