For banks and fintechs, the RBI's UPI-credit card connecting plan isn't adding up.

Economy
June 11, 2022, 1:01 p.m.

Currently, around 50 million people use banks, non-banking finance firms (NBFCs), and digital lending fintechs to get rapid loans. According to senior banking officials who spoke on the condition of anonymity, this market might grow to 250 million people.

In July, the government may issue a request for preliminary bids for the privatisation of IDBI Bank: Official

Economy
June 11, 2022, 12:56 p.m.

In May of last year, the CCEA gave in-principle permission for IDBI Bank's strategic disinvestment and management control transfer.

According to the government, the drop in the stock price of LIC is a one-time blip.

Economy
June 11, 2022, 12:53 p.m.

LIC's stock price fell to a low of $708.7 on the public exchanges after initially listing at $872 last month, despite the issue price being set at $949 per share.