financial transactions

New Delhi, April 10 – India’s digital payment system, the Unified Payments Interface (UPI), is set to celebrate its 10th anniversary on April 11, after experiencing a 12,000-fold increase in volume and over 4,000-fold increase in value.According to data from analytics firm Tracxn, the payment...

Mumbai, April 8 Securitization deals grew by 9 per cent to a record high of ₹2.55 lakh crore in 2025-26, a report said on Wednesday.The January-March quarter alone witnessed a 20 per cent year-on-year increase in activity, taking overall transactions to ₹65,000 crore, according to a report by...

New Delhi, Apr 2 UGRO Capital, a data-tech lender focused on MSMEs, has said that members of the Patni family and their associates have collectively increased their stake in the company to over 5 per cent.Zodiac Wealth Advisors LLP, the Patni group’s investment vehicle, along with 22 other...

New Delhi, April 2 Transactions through the Unified Payments Interface (UPI) reached a record high of 22.64 billion in terms of volume in March."UPI achieves 22.64 billion transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's...

New Delhi, March 31 – India’s Gram Panchayats have made cumulative payments of over ₹3 lakh crore through the eGramSwaraj platform. The AI-powered 'SabhaSaar' meeting tool is now available in 23 Indian languages, the government said on Tuesday.Payments through eGramSwaraj are made directly to...

UPI Dominates Lending Transactions, Report Finds New Delhi – Unified Payments Interface (UPI) has emerged as the dominant payment method within peer-to-peer lending, accounting for 92 per cent of all transactions on the platform, according to a new report by LenDenClub, an RBI-registered...

Sebi Confirms Restrictions on Par Drugs’ Proposed Slump Sale Regulatory Action Pending Investigation New Delhi, March 26 – The Securities and Exchange Board of India (Sebi) has confirmed its previous directions against Par Drugs and Chemicals Ltd (PDCL) regarding a proposed slump sale of its...

New Delhi, March 25 The Reserve Bank has approved the proposed acquisition of a controlling stake in Sammaan Capital Ltd by a subsidiary of Abu Dhabi-based International Holding Company.The acquisition by Avenir Investment RSC Ltd also includes the indirect change in control of the...

New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...

New Delhi, March 24 French multinational BNP Paribas bought 6.9 lakh shares of Adani Green Energy from Morgan Stanley for nearly Rs 56 crore through open market transactions on Tuesday.According to BSE block deal data, BNP Paribas, through its affiliate BNP Paribas Financial Markets, purchased...

EPFO to Automate Recovery of Unclaimed Funds, Targeting Rs 5,200 Crore New Delhi – The Employees’ Provident Fund Organisation (EPFO) is preparing to significantly increase efforts to recover unclaimed funds held in inactive accounts. The organization plans to implement an automated settlement...

IDBI Bank Shares in Focus as Government Cancels Strategic Disinvestment Strategic Stake Sale in IDBI Bank Called Off Shares of IDBI Bank are likely to remain in focus on Monday, March 16, after the government cancelled the proposed strategic disinvestment of the lender. The decision follows...

Arvind Smartspaces Shares Jump 13% After Pirojsha Godrej Buys Stake in Block Deal Stock Surges After ₹41 Crore Block Transaction Shares of Arvind Smartspaces Ltd. climbed more than 13 percent on Tuesday, March 10, after Pirojsha Adi Godrej purchased 8.2 million shares of the company through a...

SBI Launches USD 500 Million Syndicated Term Loan to Advance Women Empowerment New Delhi, March 7: India’s largest lender, State Bank of India (SBI), on Saturday announced the launch of a USD 500 million syndicated term loan facility dedicated to women empowerment, with a greenshoe option, ahead...

India UPI Transactions Hit Record Daily Volumes in February 2026 Despite Sequential Dip UPI Maintains High Momentum as Daily Transactions Reach All Time High India’s Unified Payments Interface continues to demonstrate structural strength, with daily transaction volumes touching an all time high...

Tribunal Upholds NCLT Order in Minority Shareholders' Plea In a setback for Jindal Poly Films Ltd, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward.The ruling, delivered on February 26...

NCLAT Dismisses Jindal Poly Films Appeal, Class Action Suit by Minority Shareholders to Proceed In a setback for Jindal Poly Films, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward. The...

Merchant Payments Segment Emerges as Key Revenue Driver in Digital Ecosystem Merchant payments are increasingly becoming the most attractive segment within India’s digital payments landscape, with Paytm maintaining a clear edge in revenue intensity and profitability, according to a February 23...

New Delhi, February 23: AU Small Finance Bank has denied any wrongdoing in connection with the alleged fraudulent opening of accounts after the Haryana government de-empaneled it from undertaking government business in the state.In a circular issued by the finance department, the Haryana...

Immediate Ban on Government Transactions in Haryana Haryana Government has removed IDFC First Bank and AU Small Finance Bank from handling all government business in the state with immediate effect, following the disclosure of an alleged fraud of around Rs 590 crore.In an official circular...