Vibe Check

In its 3-day Monetary Policy Committee (MPC) review meeting, the RBI Governor Shaktikanta Das-led panel decided to keep the benchmark repo rate unchanged at 6.50% for the 7th consecutive time.  Taking into view the financial developments and macroeconomic trends, the committee voted for unchanged repo rates with a majority of 5:1. Accordingly, the marginal standing …

The Fintech Association for Consumer Empowerment (FACE), a body aimed at advancing fintech through fair practices, has published the ninth edition of its FACETS report. Shedding light on the sector in Q3 FY23-24, this report covers lending trends for 37 member companies. Among its many notable findings is that the member companies disbursed nearly ₹2.50 …

Ahead of International Women’s Day, Fibe – India’s leading Fintech, has revealed interesting findings about the credit behaviour among female borrowers. The study indicates women are more responsible credit borrowers as they are 10% more likely to repay the EMI on time than male borrowers. This reflects their conscientious approach to debt and prudent decision-making …

Hitting an all-time high in January, UPI transactions declined both in terms of value and volume in February. As per the data revealed by the National Payments Corporation of India (NPCI), UPI transactions for the second month of 2024 stood at 1,210 crores in volume at the value of ₹18.3 lakh crore. This was a …