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1 min read
HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank
The Reserve Bank of India (RBI) has approved HDFC Bank's proposal to acquire an up to 9.5 per cent …
4 mins read
Vijay Shekhar Sharma: The controversies of the architect of fintech
Vijay Shekhar Sharma, one of the most recognised faces of India's fintech industry, has seen a fair…
PTI
2 mins read
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
2 mins read
UPI transactions will remain free, government says it has no plan to charge them
The Finance Ministry has said that the government does not plan on levying charges on UPI transacti…
4 mins read
Fintech repository to be set up by April 2024, says Shaktikanta Das
The Reserve Bank of India (RBI) has proposed the establishment of a fintech repository. “This will …
3 mins read
Making online payments safer – Here’s how to tokenise your card
Many of us would have seen Amitabh Bacchan on television telling us that by tokenising our cards we…
2 mins read
RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists
The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…
2 mins read
Bajaj Finance stock regains speed after fall in the morning
The stock of Bajaj Finance fell by over a percent in early morning trade on Thursday. On Wednesday …
1 min read
RBI directs Bajaj Finance to stop giving loans under eCOM, Insta EMI Card
Indian banking regulator on Wednesday directed Bajaj Finance to stop sanction and disbursal of loan…
3 mins read
From no hidden charges to insurance on credit card frauds and lost cards, here are RBI's new guidelines for credit and debit cards
This is understandable given that credit cards have exploded in popularity after the COVID-19 …
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
3 mins read
Digital rights advocacy group IFF notices 70% drop in donors as banks unable to keep up with RBI’s recurring payments regulation
Apar Gupta, executive director of IFF, told Business Insider, “A lot of our sign-ups were throug…
1 min read
RBI doubles bullet repayment gold loan limits for urban co-op banks to Rs 4 lakh
The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the …
PTI
4 mins read
Centralised portal to search unclaimed deposits, UPI for credit lines and other key RBI announcements
UPI network to facilitate payments financed by credit from banks, reducing the cost of such offerin…
2 mins read
Day 1 of ₹2,000 note exchange: Small queues seen at some branches
Small queues were witnessed at some bank branches on Tuesday for the exchange of Rs 2,000 notes aga…
PTI
1 min read
RBI issues draft rules for lending, borrowing of govt securities
The Reserve Bank of India (RBI) on Friday issued draft guidelines for lending and borrowing of gove…
3 mins read
Macquarie warns that RBI's decision on new bank licenses could be controversial given the number of bank failures in India
At a time when bank failures are increasing in India, the decision to distribute licenses could be …
1 min read
Not banks, petrol bunks see a flood of ₹2,000 notes with customers seeking 'change'
Before the announcement of withdrawal of Rs 2,000 banknotes, petrol pump owners in Punjab used to r…
4 mins read
New guidelines on recurring payments may send SaaS companies out of India, say experts
Before getting into this, it is important to understand what the guidelines really say. The Rese…
3 mins read
RBI wants you to memorise all your debit and credit card numbers — Amazon, Zomato, Netflix and others argue this will make online payments more tedious
A debit or credit card number is 16 digits, and not everyone has the bandwidth to memorise them in …