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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 …

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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…

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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   


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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…

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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…

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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   


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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   


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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   


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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…

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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   


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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   


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Zomato gets RBI approval to operate as 'online payment aggregator'

Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato …

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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 …

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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   


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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…

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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…

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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 …

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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 …

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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…