Sun.May 28, 2023

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UPI to account for 90% of retail digital payments by 2026-27: PwC report

Business Standard - FInance

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface (UPI), which is driving the digital payments revolution, accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report titled "The Indian Payments Handbook 2022-27".

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Microfinance loans grow 21.3% YoY to Rs 3.5 trn in FY23, says report

Business Standard - FInance

New regulatory norms have helped industry clocking robust demand

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ICICI Bank to increase stake in general insurance arm to beyond 50%

Business Standard - FInance

Earlier plan was to cut stake below 30%

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Bank of Maharashtra emerges as top performer in NPA management during FY23

Business Standard - FInance

The Pune-based state-owned lender was followed by HDFC Bank with net NPA falling to 0.27 per cent and Kotak Mahindra Bank clinching the third spot with 0.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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I-T dept says delayed SFT filing attracts penalty; check details here

Business Standard - FInance

The report also added that certain capital market players and foreign exchange dealers are also required to file the annual report