Current Affairs - Finance

CRED, the Bengaluru-based fintech start-up, has secured in-principle approval for a payment aggregator license, allowing it to facilitate merchant payments directly. This development expands CRED's services beyond reward-based credit card payments, enhancing its role in the digital payments landscape.

The Power Grid Corporation of India's board approved a plan to raise Rs 12,000 crore through the issuance of bonds in 2024-25. Power Grid is the largest electric power transmission utility in the country, operating a significant portion of the Inter-Regional networks.

India Mortgage Guarantee Corporation (IMGC has partnered with Bank of India (BOI) to offer mortgage guarantee-backed home loans, targeting affordable housing segments for both salaried and self-employed individuals.