Lines Of Credit
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RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI
The Reserve Bank on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI).
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RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
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RBI To Allow UPI Linking With Pre-Approved Credit Lines From Banks
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
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Sri Lanka Uses Part Of Indian Aid To Buy Textbooks For 4 Million Students
India announced a USD 1 billion line of credit to Sri Lanka last year as part of its financial assistance to help the country deal with its economic crisis.
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"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
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India Extends USD 40 Million For Bolstering Maldives' Sports Infrastructure
External Affairs Minister S Jaishankar on Thursday said India has extended a concessional USD 40 million Line of Credit for developing sporting infrastructure in the Maldives.
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State Bank Of India Sees Loan Growth Staying Robust After Record Profit
State Bank of India (SBI), the country's largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector.
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RBI Encouraging State Refiners To Cut Spot Dollar Buying: Report
The Reserve Bank of Indiais encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead.
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SpiceJet To Get Rs 225 Crore Next Week Under Credit Guarantee Scheme: Report
Budget carrier SpiceJet will receive around Rs 225 crore next week as part of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme, sources in the airline told ANI.
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Emergency Credit Line Guarantee Scheme Corpus Increased By Rs 50,000 Crore
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to enhance the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore to Rs 5 lakh crore.
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India, Maldives Ink 6 Key Pacts, PM Modi Announces $100 Million Line Of Credit
India and Maldives today inked six agreements to expand cooperation in several key areas with Prime Minister Narendra Modi asserting that New Delhi has been and will continue to be the "first responder" to any need or crisis facing the island nation.
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Play Store 10th Anniversary: Google Offering Play Credits for App, Game or In-App Items in India
Google is offering Play Credits to mark its 10th anniversary in India. The company released a new logo in line with the logos of its other apps and offered Play Points for purchasing apps.
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FTX US Has Agreed to Acquire Crypto Lender BlockFi for Up to $240 Million
BlockFi CEO Zac Prince said his company has signed a deal giving FTX the option to buy the crypto lender for up to $240 million (roughly Rs. 1,895 crore) as part of a credit financing agreement.
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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BlockFi Secures $250 Million Revolving Credit Facility From Crypto Exchange FTX
Crypto lender BlockFi has announced that it had received a $250 million (roughly Rs. 1,955 crore) revolving line of credit from crypto exchange FTX to help bolster its balance sheet.
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RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI
The Reserve Bank on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI).
-
RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
RBI To Allow UPI Linking With Pre-Approved Credit Lines From Banks
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
Sri Lanka Uses Part Of Indian Aid To Buy Textbooks For 4 Million Students
India announced a USD 1 billion line of credit to Sri Lanka last year as part of its financial assistance to help the country deal with its economic crisis.
-
"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
-
India Extends USD 40 Million For Bolstering Maldives' Sports Infrastructure
External Affairs Minister S Jaishankar on Thursday said India has extended a concessional USD 40 million Line of Credit for developing sporting infrastructure in the Maldives.
-
State Bank Of India Sees Loan Growth Staying Robust After Record Profit
State Bank of India (SBI), the country's largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector.
-
RBI Encouraging State Refiners To Cut Spot Dollar Buying: Report
The Reserve Bank of Indiais encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead.
-
SpiceJet To Get Rs 225 Crore Next Week Under Credit Guarantee Scheme: Report
Budget carrier SpiceJet will receive around Rs 225 crore next week as part of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme, sources in the airline told ANI.
-
Emergency Credit Line Guarantee Scheme Corpus Increased By Rs 50,000 Crore
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to enhance the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore to Rs 5 lakh crore.
-
India, Maldives Ink 6 Key Pacts, PM Modi Announces $100 Million Line Of Credit
India and Maldives today inked six agreements to expand cooperation in several key areas with Prime Minister Narendra Modi asserting that New Delhi has been and will continue to be the "first responder" to any need or crisis facing the island nation.
-
Play Store 10th Anniversary: Google Offering Play Credits for App, Game or In-App Items in India
Google is offering Play Credits to mark its 10th anniversary in India. The company released a new logo in line with the logos of its other apps and offered Play Points for purchasing apps.
-
FTX US Has Agreed to Acquire Crypto Lender BlockFi for Up to $240 Million
BlockFi CEO Zac Prince said his company has signed a deal giving FTX the option to buy the crypto lender for up to $240 million (roughly Rs. 1,895 crore) as part of a credit financing agreement.
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
BlockFi Secures $250 Million Revolving Credit Facility From Crypto Exchange FTX
Crypto lender BlockFi has announced that it had received a $250 million (roughly Rs. 1,955 crore) revolving line of credit from crypto exchange FTX to help bolster its balance sheet.
