ESAF Small Finance Bank Partners with Edelweiss Tokio Life Insurance.
Banking & Finance
📅 03 Feb 2026
ESAF Small Finance Bank has entered into a bancassurance partnership with Edelweiss Tokio Life Insurance. Under this partnership, ESAF Bank will offer Edelweiss Tokio's life insurance products to its customer base, particularly in rural and unbanked areas, thereby increasing insurance penetration.
Key Highlights
- Bancassurance is an arrangement where banks sell products of insurance companies.
- ESAF Bank focuses on financial inclusion.
- The aim is to provide diverse financial solutions under one roof.
Important Facts
- Partnership: Bancassurance.
- Bank: ESAF SFB.
- Insurer: Edelweiss Tokio.
UPI Transactions Hit Record High of Rs 18.41 Lakh Crore in January.
Banking & Finance
📅 02 Feb 2026
Unified Payments Interface (UPI) transactions in India have scaled a new peak, reaching a value of Rs 18.41 lakh crore in January 2026. The volume of transactions also touched a record 12.20 billion. This indicates a 52% year-on-year growth in volume.
Key Highlights
- UPI is developed by the National Payments Corporation of India (NPCI).
- France recently became the first European country to accept UPI (at Eiffel Tower).
- The growth is driven by rural adoption and merchant payments.
Important Facts
- Report: UPI Data.
- Value: Rs 18.41 Trillion.
- Regulator: RBI/NPCI.