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Outlook for Non-Banks and Housing Financiers Shifts to "Improving" From "Stable"

The credit rating agency opined that adequate system liquidity, along with sufficient capital buffers, provides enough cushion to navigate the challenges from a subdued operating environment.

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IEIN Seeking Collaborators to Establish Market Linkages for Self-Help Groups

The aim of the project is to support SHGs by providing them with business training, production skills and marketing information to empower rural women to adopt non-agricultural means of earning a sustainable livelihood.

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India: Visa to Enable Deeper Financial Inclusion With Offline Payments

The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.

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Reserve Bank Launches Index to Capture Financial Inclusion

The Financial Inclusion Index has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal, and the pension sector in consultation with government and respective sectoral regulators.

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India: Fintech Firms Set for IPOs but Face Challenges

India’s fintech sector is set for landmark Initial Public Offerings (IPOs) in the next five months as at least three startups – Paytm, Mobikwik, Policybazaar – are likely to raise up to $3.7 billion through public offers.

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Symbiotics Launches First 100% Agricultural Green Bond in India with Samunnati

Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.

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COVID-19 Second Wave Takes a Toll on Digital Payments

Digital payment transactions have fallen sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic in India.

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Opportunity International Leverages Network Across India to Provide Emergency COVID-19 Relief to Millions

The 50-year-old nonprofit is marshalling its resources to deliver public health education, food supplies and direct medical support to millions in nine of the hardest hit states in India.

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Fight Against India's COVID-19 Second Wave: UAE Firms Waive Charges on Remittances

Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund