IDFC Bank, IndiaLends tie-up for loan services to 1st timers.

New Delhi, Feb 7 (PTI) Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time borrowers who do not have a credit history to take loans. New Delhi, Feb 7 (PTI) Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time borrowers who do not have a credit history to […]

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ICICI Bank says it has 2.4 million virtual addresses on the UPI

ICICI Bank had 2.4 million accounts linked to virtual payment addresses (VPAs) using the bank’s applications, CEO and MD Chanda Kochhar said in an analyst call. The bank added that it has also added 64,000 merchants on the Unified Payments Interface (UPI). Note that ICICI Bank had launched a payments collection app for offline merchants and retailers called Eazypay which will allow customers to pay […]

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Kotak-Axis merger in the works? Both banks say no

A top fund manager was quoted as saying that the largest consolidation in the banking sector is being explored by the shareholders of the two banks, according to a report in The Times of India. Moneycontrol Bureau Amid stock market buzz about a possible merger between Kotak Mahindra   and Axis Bank   , the private lenders have denied that […]

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