by Jibran Munaf | August 11, 2024 | Banking, Finance, Market Analysis & Commentary, News, Technology
India holds a significant 48.5% share in the global real-time payments volume, according to a report released by the Reserve Bank of India (RBI) on Monday. The report underscores India’s leadership in global remittances, receiving $115.3 billion in 2023. The RBI...
by Jibran Munaf | August 11, 2024 | Banking, Central Banks, News
Credit facilities extended by UAE national banks to the business and industrial sectors amounted to AED 25.7 billion ($7 billion) during the first five months of 2024, according to the latest figures from the Central Bank of the United Arab Emirates (CBUAE). The apex...
by Jibran Munaf | August 10, 2024 | Banking, Banking Regulations, Finance, News
A bill aimed at allowing bank account holders to nominate up to four individuals was introduced in the Lok Sabha on Friday to ensure better protection for depositors and enhance customer convenience. The Banking Laws (Amendment) Bill, 2024, introduced by Minister of...
by Jennifer George | August 9, 2024 | Banking, Banking Regulations, Fintech, News
Ziina, the UAE’s leading financial platform supporting consumers and entrepreneurs, announces that it has secured the Stored Value Facility (SVF) license from the UAE Central Bank. This marks a significant milestone for Ziina, enabling it to rapidly expand its range...
by Jennifer George | August 9, 2024 | Banking, Fintech, News
Sav, a UAE-based fintech, has received an in-principle approval for a Category 4 license from the Dubai Financial Services Authority (DFSA). This strategic milestone will enable Sav to provide consumers with regulated services upon the issuance of the full DFSA...
by Vasu Jit Kalia | August 8, 2024 | Banking, Central Banks
India’s domestic economic activity continues to sustain its momentum on the strength of investment demand, steady urban consumption and rising rural consumption, RBI Governor Shaktikanta Das said on Thursday. Taking all the factors into consideration the country’s...
