For its blockchain-based trade financing initiative, the Reserve Bank of India has enlisted premier financial institutions such as HDFC, ICICI, and SBI.

Nearly a dozen of India’s most prestigious financial institutions, including HDFC bank, ICICI Bank NSE 2.05 percent, and State Bank of India NSE 0.63 percent, are collaborating with the Reserve Bank of India on a blockchain-based pilot project that will focus on trade finance. In the event that it is effective, it might be used … Read more

The family that is suspected of perpetrating the largest financial fraud in history is aware of how to avoid going to prison.

The Central Bureau of Investigation (CBI) is accusing Dewan Housing Finance Limited (also known as DHFL) and its Directors Kapil Wadhawan and Dheeraj Wadhawan, along with many other individuals, of defrauding 17 banks out of a total of Rs 34,615 crore on Wednesday of this week. This is the most significant instance of bank fraud … Read more

The Ministry of Finance has requested that financial institutions investigate potential cooperation and co-lending arrangements with fintech companies.

The Ministry of Finance has requested that public sector banks investigate potential options for co-lending and collaborations with fintech companies in order to grow their businesses. According to reports, the recently ended performance evaluation of PSBs conducted by the Finance Ministry requested that lenders place a greater emphasis on technology and data analytics in order … Read more

Lenders have pushed out the deadline for the resolution of Reliance Capital by two months, to November.

Lenders of debt-ridden On Sunday, Reliance Capital Ltd NSE 1.22 percent (RCL) made the decision to push out the deadline for the resolution process by another two months, to November 2. This was done since there has been a lacklustre reaction from potential buyers for the company’s acquisition. The deadline has already been pushed back … Read more