Remittances

MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions

Federal Bank enjoys a market share of more than 15 percent of the remittance market in India, and the tie-up with MoneyGram is expected to provide a further boost to this business.

Toll collections to see 13% drop due to nationwide lockdown; revival likely to be slow: CRISIL Research

Over the long term - fiscals 2019-2024, CRISIL Research said it expects toll collections to bounce back to a healthier compound annual growth rate (CAGR) of 11-12% on the back of new road construction.

Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19

Globally remittances are projected to decline sharply by about 20 percent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown.

Customer complaints against banks surge 25% to 1.63 lakh in FY18; SBI leads among PSBs, HDFC in private sector

The major grounds of complaints received during the year was non-observance of fair practices code, ATM. credit card and debit card issues

Bahrain invites Indian fintech firms to set up base, offers opportunities in open banking, blockchain among others

To promote startups, a public private partnership platform in the name of Bahrain Fintech Bay has been created that provides physical space for fintech companies.

Pravasi Bharatiya Divas 2019: Govt wants 31 million-strong Indian diaspora to make 'desi' drive with flagship programme

The Government of India will mark the 15th Pravasi Bharatiya Divas in Varanasi between 21 and 23 January. Prime Minister of Mauritius Pravind Kumar Jugnauth will preside over the three-day convention, where the theme this year is 'Role of Indian Diaspora in building a New India'.

India to retain position as world's top recipient of remittances in 2018, says World Bank report

India will retain its position as the world's top recipient of remittances this year, the World Bank said in a report.

Rupee's love letter to US dollar: Nearing 73, I can barely see you from this distance; and I really hate Adam Gilmour

Rupee's letter to dollar

Kerala, Maharashtra, Karnataka and Tamil Nadu received 60% of total remittances in FY17, shows RBI data

Nearly 82 percent of the total remittances received by the country originated from eight countries - the United Arab Emirates, the United States, Saudi Arabia, Qatar, Kuwait, Oman, the United Kingdom and Malaysia.

With $69 bn in remittances in 2017, India retains top slot followed by China, Philippines, says World Bank

India had in 2015 received remittance of US $68.91 billion, which fell to US $62.74 billion in the following year and has now risen to US $68.96 billion in 2017.