Titled Open Banking and Digital Payments: Implications for Credit Access, the study points out that the UPI, since its launch in 2016, has enabled 300 million individuals and 50 million merchants to perform seamless digital transactions.
It points out that the average size of a fintech loan was ₹27,778, which is about seven times the rural monthly expenditure.
Diese Geschichte stammt aus der December 09, 2024-Ausgabe von The New Indian Express Sambalpur.
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Diese Geschichte stammt aus der December 09, 2024-Ausgabe von The New Indian Express Sambalpur.
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GUKESH BECOMES YOUNGEST KING
Gukesh, at just 18, defeated Ding Liren to become the youngest-ever world chess champion.
Usman at home in Brisbane as hosts prepare to take on India
S the sun went down in Brisbane on Thursday, there was an immediate shift in the mood of the city.
Juve deepen Man City crisis; Barca post win
MANCHESTER City's crisis continued with a 2-0 defeat away to Juventus in the Champions League on Wednesday, while Pep Guardiola's old club Barcelona beat Borussia Dortmund to clinch a spot in the knockout stage of Europe's elite club competition.
Rupee hits new low of 84.88 against USD
THE rupee fell to a new low of Rs 84.88 during intra-day trade on Thursday against the US Dollar.
Sebi warns HDFC for rule non-compliance
CAPITAL markets regulator Sebi has issued an administrative warning to HDFC Bank for alleged non-compliances with certain rules regarding its merchant banking subsidiary, after the watchdog has found after an internal inspection.
Nov inflation falls to 5.5%; raises rate cut hope in Feb
Inflation falls below the central bank's upper tolerance level of 6%
Indian VC funding to cross $300 bn by 2030
FROM $10.9 billion venture funding in 2015, Indian VC funding is expected to cross $300 billion by 2030.
Finance ministry asks banks to closely monitor top 20 large insolvency cases
FINANCE ministry has asked the public sector banks to closely monitor the top 20 large cases of defaults that are undergoing insolvency proceedings.
Auto parts industry grew 11.3% to ₹3.32L cr in H1
THE turnover of India's automotive component industry reached ₹3.32 lakh crore ($39.6 bn) during April to September 2024 (H1FY25), reflecting an 11.3% growth compared to the same period last year, as per the Automotive Component Manufacturers Association of India (ACMA).
Govt plans to raise coal stocks to 50 MT in FY26 as power demand likely to go up
As power demand is expected to touch a new high next year, coal ministry is planning to increase stocks at the beginning of the next financial year to 50 million tonne.
