Aceware FinTech Services, a fintech services company based out of Kerala has launched the state's first neobank, Ace Money Neobank in partnership with the Yes Bank and ICICI Bank.
The Shivalik Small Finance Bank Limited has received the licence from RBI under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.
As per the new report, the top five biggest spenders in 2020 were the United States ($778 billion), China ($252 billion), India ($72.9 billion), Russia ($61.7 billion) and the United Kingdom ($59.2 billion) respectively.
The NDB priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets.