Paytm raises $660 m from Alipay, SoftBank, others

One 97 Communications, the company that operates Paytm, has raised $660 million from Alipay, T Rowe Price, SoftBank and others in exchange for 2.6 m

from Business Line - Money & Banking https://ift.tt/2Pwb8EO

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24/7 NEFT services: Banks face many challenges

While round-the-clock availability of funds transfer from December 16 under the National Electronic Funds Transfer (NEFT) is good news for customers,

from Business Line - Money & Banking https://ift.tt/36lnC93

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India in growth recession: Raghuram Rajan

Former Reserve Bank of India (RBI) governor Raghuram Rajan said India is in the midst of a "growth recession" with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/33YJWDF

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From farm to home, M&M Financial is doubling down on digital sales

The NBFC is moving into financing consumer durables and personal loans that its customers might need. It has decided to evolve its business model, offer new products for new customers along with building a digital access layer. M&M’s digital platform will allow a customer to seek loans from his own home through an app or through the website.

from Banking/Finance-Industry-Economic Times https://ift.tt/2s44PA3

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Amalgamated entity of 3 PSBs to retain sovereign status: UBI chief

Regarding the progress of the amalgamation process, he said it is "going on smoothly" and 34-odd committees, formed by the three banks, would submit their reports by the end of December.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Lz7Jnj

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