The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped hinder “unhealthy growth” following a surge in consumer loans he said was a “sign of...
SBI Cards and Reliance Retail are launching a credit card on India’s RuPay payment network. The co-branded card marks Reliance’s entry into the credit card space, according to a Tuesday (Oct. 31) Reuters report on the collaboration. The report noted that the card could entice customers to rewards at Reliance Retail’s...
The Reserve Bank of India (RBI) has locked in HDFC Bank, ICICI Bank and State Bank of India among almost a dozen lenders across the region to operate a blockchain-based pilot project centered on trade financing, The Economic Times reported Thursday (June 23). The effort...
The State Bank of India (SBI) has announced that its personal loan product for salaried customers, called Real-Time Xpress Credit (RTXC), will be available through its YONO bank app, a report from IBS Intelligence said Monday (May 23). Customers will be able to access RTXC...
February 26, 2024
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing two sources familiar with the matter. The news comes as […]
January 17, 2024
The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped...
October 31, 2023
SBI Cards and Reliance Retail are launching a credit card on India’s RuPay payment network. The co-branded card marks Reliance’s entry into the credit card space, according to a Tuesday (Oct. 31) Reuters report on the...
June 23, 2022
The Reserve Bank of India (RBI) has locked in HDFC Bank, ICICI Bank and State Bank of India among almost a dozen lenders across the region to operate a blockchain-based...
