The Indian banking industry plays a vital role in the country’s economic development. Over the past several decades, this industry has witnessed several changes, including technological advancements and diversification of financial products and services.  The Indian banking system has only been improving since 1991 when the government encouraged foreign investments that opened our economy, leading […]

Indian early-stage investor IvyCap Ventures has soared to an INR16bn ($214m) first close for its third fund - three times more than it collected for its sophomore vehicle.

The post India’s IvyCap outraises Fund II three times over with INR16bn Fund III first close – and could collect up to INR25bn first appeared on AltAssets Private Equity News.

UniCC, the biggest dark web marketplace for stolen credit and debit cards, has announced that it's shuttering its operations after earning $358 million in purchases since 2013 using cryptocurrencies such as Bitcoin, Litecoin, Ether, and Dash. "Don't build any conspiracy theories about us leaving," the anonymous operators of UniCC said in a farewell posted on dark web carding forums, according to

The global pandemic forced people, even the less tech-savvy ones, to shift from a physical world to a virtual one. Whether it was...

Alibaba-backed Indian major Fintech major Paytm is reported to be in talks with a few domestic payment gateways for a possible acquisition as...

The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that...

In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country. Since then, many Indian exchanges have been struggling to keep up their payment channels as the banks sever ties with them despite the Supreme Court ruling […]

TL;DR Breakdown • Reserve Bank of India clarifies there are no restrictions on cryptocurrencies.• Indian bank users must comply with FEMA. Cryptocurrencies investors are relieved after RBI clarifications about banks not accepting virtual currencies. The Reserve Bank of India clarifies that banks cannot cite the 2018 order prohibiting crypto trading. This announcement comes after banks […]

The RBI said its circular "DBR.No.BP.BC.104/08.13.102/2017-18" dated April 06, 2018 cannot be cited.

Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular.

Originally published at Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...