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Union Budget 2021: Allow fintechs access to liquidity by creating fund within PSU, say experts

Statistics still reflect that across the majority of business sectors cash remains king. FP Staff January 31, 2021 18:33:55 IST Funding fintechs. Image courtesy CNBC-TV18 The financial health crisis of 2020 has already pushed the government to initiate a slew of measures to sustain the economy in the form of policies and packages. Since 2014, the government has encouraged digital payments and positioned digital enablement through financial inclusion as the cornerstone of the next wave of growth. Statistics still reflect that across the majority of business sectors, cash remains king. Fintech firms shared with Praveen Agrawal, Co-Head India, OakNorth We believe that the major theme for this Budget will primarily revolve around technology as an enabler to various sectors and facilitating adequate funding alternatives to Micro, Small and Medium-Sized Enterprises (MSMEs). There

Alok mittalAnkit geraMahesh ramamoorthyShachindra nathYogendra kashyapPraveen agrawalMadhusudan ekambaramVivek iyerSameer aggarwalPraveen pauloseKumar abhishekNeel juriasinganiNityanand sharmaKetan doshiBanking investment companyFintech association for consumer empowerment

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities ANI | Updated: Jan 19, 2021 14:48 IST By Shailesh Yadav As expressed by the Prime Minister, there is a need to revive economic growth. This requires great effort for financial inclusion, including increased lending, said Harsh Kumar Bhanwala, Executive Chairman of Capital India. Banks and capital markets play a big role but NBFCs be it micro-finance or otherwise also play a significant role in lending for small and medium enterprises. They serve in areas where banks are not accessible, said Bhanwala. Secondly, we request a separate window from refinancing entities for these small and medium NBFCs so there is assured line available to them for all type of accounts.

New delhiNirmala sitharamanRapipay fintechYogendra kashyapKumar bhanwalaShailesh yadavFinance minister nirmala sitharamanReserve bankPrime ministerHarsh kumar bhanwalaExecutive chairmanIncome tax actManaging directorNon banking finance companies nbfcsFintech playersEnhance the lending facilities

Aadhaar payment systems gathers steam, trumps ATM withdrawals : एटीएम विदड्रॉल को पछाड़ कर आधार पेमेंट सिस्टम निकला आगे

Aadhaar payment systems gathers steam, trumps ATM withdrawals : एटीएम विदड्रॉल को पछाड़ कर आधार पेमेंट सिस्टम निकला आगे
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Aadhar payment systems gathers steam, trumps ATM withdrawals

Aadhar payment systems gathers steam, trumps ATM withdrawals SECTIONS Share Synopsis With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points. Agencies MUMBAI: The Covid-19 pandemic has led to a surge in the adoption of cash withdrawals through Aadhar-enabled Payment Systems (AePS) that have doubled since last year, replacing the age-old dependence on teller machines where transactions halved in the same period. With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points.

Anand bajajYogendra kashyapFino payments bankAaadhar enabled payment systemReserve bankRishi guptaFino paymentsIndia postPayments bankஆனந்த் பஜாஜ்யோகேந்திரா காஷ்யப்பினோ கொடுப்பனவுகள் வங்கிஆதார் இயக்கப்பட்டது கட்டணம் அமைப்புஇருப்பு வங்கிரிஷி குப்தாபினோ கொடுப்பனவுகள்