Tag: Fintech

Banking and Finance, FINANCIAL MARKETS, Fintech, MONETARY POLICY, Trade

SBI LAUNCHES THE LANKAN RUPEE – INDIA RUPEE TRADE

Introduction In a significant move aimed at fortifying economic ties between India and Sri Lanka, the State Bank of India (SBI) has achieved a groundbreaking milestone by becoming the first foreign bank to successfully launch direct Sri Lankan Rupee-Indian Rupee (LKR-INR) trade. This achievement, celebrated during Union Finance Minister Nirmala Sitharaman’s official visit to Sri Lanka, holds broader implications for both nations, particularly in the … Continue reading SBI LAUNCHES THE LANKAN RUPEE – INDIA RUPEE TRADE

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Fintech, MSME

Fintech’s Evolution in India through DLAI-SIDBI Collaboration

In the dynamic landscape of modern economics, the Micro, Small, and Medium Enterprises (MSME) sector plays a pivotal role in driving India’s economic growth and fostering entrepreneurship. However, for these enterprises to thrive and scale effectively, access to efficient financial services and technological advancements is paramount. The intersection of finance and technology, often referred to as Fintech, represents a transformative force capable of revolutionizing the … Continue reading Fintech’s Evolution in India through DLAI-SIDBI Collaboration

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Fintech, TECHNOLOGY

Rise of UPI: Leading the Way in Digital Finance

Over the last five years, India has seen substantial transformation, with QR codes gracing every part of the country, demonstrating the widespread adoption of Unified Payments Interface (UPI). UPI, a framework that enables cheap and rapid account-to-account transfers via fintech apps, has transformed digital payments in India. In contrast to China’s Alipay, UPI is an open system that allows consumers to transition between service providers … Continue reading Rise of UPI: Leading the Way in Digital Finance

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Banking and Finance, FINANCIAL MARKETS, FISCAL POLICY, MONETARY POLICY

Digital Lending Norms: Protecting Borrowers With Increased Regulation

Digital lending has been one of the fastest-growing fintech segments in India. It has grown from 9 billion USD in 2012 to nearly 110 billion in 2019. The industry is further expected to grow to a market of 350 billion USD market by 2023. RBI has realized the need for regulations to monitor and keep a check on this competitive space. During the last few … Continue reading Digital Lending Norms: Protecting Borrowers With Increased Regulation

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Banking and Finance, EVENTS, FINANCIAL MARKETS

Digital Lending: A Launchpad for Financial Inclusion

Consumers are becoming increasingly tech-savvy. They use ride-sharing applications to go to work, order lunch, play fantasy football leagues with their coworkers, watch movies, and shop for clothes, groceries, and vacations. Consumers in India have grown accustomed to purchasing goods online. The e-commerce industry in India for fashion, consumer electronics, durables, and groceries was worth between $18 and $20 billion in 2017. While the trend … Continue reading Digital Lending: A Launchpad for Financial Inclusion

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