"UPI P2P accounted for 49 per cent in volume and 67 per cent in value but in terms of merchants' transactions, UPI P2M emerged as the preferred payment mode with a market share of 34 per cent in volume and 17 per cent in terms of value," said Worldline's 'India Digital Payments Report'.

"In our view, this could potentially increase credit card penetration and expand the scope of digital payments in India, positively impacting both card companies (such as SBI Cards) and fintech platforms (such as Paytm)," reported ANI citing Goldman Sachs report.

Crisil said that nearly 80% of its ratings in the first half of the fiscal did not change but the rate of upgrades improved to 16.70% from around 14% in the second half of last fiscal and up from about 3% two years ago. The downgrade rate on the other hand was flat at 3.02%.

Debt light balance sheets, domestic demand and better cash flows has resulted in higher credit ratio during the first half of FY23, said CRISIL Ratings.

In value terms, 6.78 billion (678 crore) transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India (NPCI) data.

As widely expected, RBI raised the Repo rate by 50 basis points to 5.90 per cent, as the MPC seeks to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth, as per a research Report from the State Bank of India's Economic Research Department.

The ED has been probing the platform for alleged illegal online forex trading through international brokers. According to the agency, OctaFX collected funds from users and then channelised the money through dummy entities.

With banks witnessing a multi-year high credit demand and chasing deposits, the lending cost for non-bank lenders with 3-5 year corporate bonds yields have risen 120-160 basis points since March.

Under the issue, the company will issue secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each.