State Bank of India (SBI) has announced the launch of Real Time Xpress Credit on its YONO platform which allows eligible customers to get personal loans of up to Rs 35 lakh.
India topped the list in the world receiving USD 89 billion in remittance followed by Mexico at USD 54 billion, and China at USD 53 billion last year. The officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to reach USD 630 billion.