Abhishek Kumar Singh, Deputy Director General at UIDAI, stated during a panel discussion at the Global Fintech Fest 2025 that NPCI is already aligned with this thought process and approach.
Category: finance
GIR beats official 2025 forecast on bullish gold prices
MANILA, Philippines – The value of gold held by the central bank hit a record high in September, tracking a global rally in bullion and lifting the Philippines’ foreign reserves to their highest level in 11 months. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the country’s gross international reserves (GIR) rose by nearly
HDFC Bank cuts MCLR: How much could your EMIs drop?
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR), a move that is likely to benefit borrowers with loans linked to this benchmark.
Benign September inflation perks up Philippine stocks
MANILA, Philippines — Investors were quick to take advantage of lower priced stocks on Tuesday, with the local bourse lighting up green after the inflation rate turned out to be lower than expected. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) recovered by 1.39 percent or 83.51 points to end at 6,083.83. Likewise,
US interest rates well-placed to fight inflation –Fed official
WASHINGTON, United States – US interest rates are in a good place for the Federal Reserve’s inflation fight, a senior central bank official said Monday, pushing back against President Donald Trump’s calls for cuts. “Overall, given the state of the economy and financial markets, I view the current stance of policy as only slightly restrictive, which
T-bill rates up ahead of inflation data, BSP meet
MANILA, Philippines – Yields on short-dated government debts went up during Monday’s sale of Treasury bills (T-bills) as investors await the inflation data and the central bank’s next policy decision this week. Auction results showed the Bureau of the Treasury was able to raise its target amount of P22 billion via T-bills. READ: Sept. inflation
Banking luminary Xavier ‘XP’ Loinaz; 82
When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due
Maynilad secures UK support for IPO
MANILA, Philippines – Maynilad Water Services Inc. has secured the support of the United Kingdom for its upcoming stock market debut, signaling strong demand for what would be the country’s largest—and last—initial public offering (IPO) this year. In its preliminary prospectus dated Oct. 3, Maynilad said it now had a cornerstone investment agreement with the
Flipkart to divest stake in Aditya Birla Fashion for $112M
Flipkart Investments Private Limited, the investment arm of Walmart-owned e-commerce giant Flipkart, is planning to sell up to 6% of its stake in Aditya Birla Fashion and Retail Ltd.