Fintech companies, NBFCs funded by Chinese money generated Rs 950-cr slush funds in India: ED

The Enforcement Directorate (ED), therefore, recently attached Rs 86.65 crore worth funds lying in a total of 155 bank and payment gateway accounts of NBFCs like Kudos Finance and Investments Private Limited, Acemoney (India) Limited, Rhino Finance Private Limited and Pioneer Financial and Management Services Private Limited and their linked fintech companies.

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RBI announces measures to boost forex inflows

Growth prospects strong and all capital flows barring portfolio investments remain stable, said RBI

from The HinduBusinessLine - Money & Banking https://ift.tt/I0ptwaJ

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RCap resolution: Bidders prefer consortium approach

Large number of subsidiaries turning out to be a challenge for bidders as many want to acquire only the insurance arm

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Irdai permits general insurers to issue sophisticated add-ons for motor insurance

"The Concept of Motor Insurance is constantly evolving. The advent of technology has created a relentless pace for the insurance fraternity to rise up to interesting yet challenging demands of the millennials. The general insurance sector needs to keep pace with and adapt to the changing needs of the policyholders," Irdai said in a statement.

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Crypto lender Nexo to acquire Vauld

The completion of this transaction is pending due diligence

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