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2 mins read
Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions
Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …
2 mins read
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
3 mins read
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
2 mins read
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
1 min read
RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management…
PTI
3 mins read
RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults
The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…
4 mins read
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
2 mins read
RBI initiates transition plan: Small finance banks to ascend to universal banking status
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…
ANI
3 mins read
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
3 mins read
RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
2 mins read
Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages
The corporate affairs ministry is probing various Chinese companies, especially those with links to…
PTI
1 min read
Zomato gets RBI approval to operate as 'online payment aggregator'
Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato …
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
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 …
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 …
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 …
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 …
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…