RBI

News and Trends

PayPal Receives In-Principle Approval to Operate as Cross-Border Payment Aggregator in India

Through localised services such as PayPal Checkout, Invoicing, and No-Code Checkout tools, PayPal aims to simplify global selling for India's small businesses and freelancers.

News and Trends

Sumant Kathpalia Resigns as IndusInd CEO; RBI Nods For Interim Leaders

Sumant Kathpalia stepped down as MD & CEO effective close of business hours on April 29, bringing an end to his tenure at the bank. In response, the bank has taken swift action to maintain continuity and governance stability.

News and Trends

BharatPe's Resilient Payments Secures RBI's Final Nod to Operate as Online Payment Aggregator

Resilient Payments will carry its online business under brand name 'BharatPe X'.

News and Trends

RBI Cuts Repo Rate to 6%, Turns Accommodative Amid Global Headwinds

Governor Malhotra noted that "a dent on global growth due to trade friction will also impede domestic growth; higher tariffs will have a negative impact on net exports." He added that global economic policies are shifting rapidly, with trade-tariff-related uncertainties clouding the outlook and posing new risks to both growth and inflation

News and Trends

BlackSoil-Caspian Debt Merger Gets RBI Nod

The merger is set to enhance BlackSoil's capabilities in supporting startups, MSMEs, and impact-driven businesses by expanding financial solutions for underserved enterprises requiring smaller credit sizes.

News and Trends

IndusInd Bank Shares Plunge 25% Hitting a 52-week Low

The trouble stems from an internal review that uncovered errors in how the bank accounted for hedging costs linked to past forex transactions.

News and Trends

IMF Urges Deeper Structural Reforms to Strengthen India's Growth Outlook

As per the report, continued fiscal discipline will be crucial in rebuilding financial buffers, easing debt service, and ensuring macroeconomic stability.

News and Trends

India's Forex Reserves Decline by $2.5 Billion After Three-Week Rise

Foreign currency assets (FCA), which constitute the largest share of the reserves, recorded a sharp fall of $4.515 billion, bringing the total down to $539.591 billion

News and Trends

RBI Repo Rate Cut to Improve Credit Affordability, Boost Big Purchases

The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a purchase.

News and Trends

RBI to Introduce '.bank.in' Domain to Strengthen Online Banking Security

RBI will also introduce ".fin.in", a dedicated domain for non-banking financial companies (NBFCs) and other financial institutions

News and Trends

UPI is Now India's Favorite Payment System With 83% Share in Digital Payments: Report

UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a compound annual growth rate (CAGR) of 74 per cent over five years

News and Trends

RBI Launched MuleHunter.ai to Curb Financial Frauds

It is expected to significantly reduce fraud cases, said RBI Governor Shaktikanta Das

Technology

How Cloud Technology will Transform the Banking Industry

The Indian cloud services market, valued at USD 8.3 billion in 2023 and projected to grow to USD 24.2 billion by 2028, is currently dominated by international providers. With this initiative, the RBI seeks to boost domestic players and enhance India's digital sovereignty.

News and Trends

RBI Keeps Repo Rate Unchanged at 6.50%; Stance at Being "Neutral"

The committee unanimously agreed to shift to a 'neutral' stance, with a clear focus on achieving sustained alignment of inflation with the target, while continuing to support economic growth

News and Trends

Bank Deposit Growth Surpasses Credit Expansion: Report

Year-over-year (YoY), credit grew by 13.4 per cent, a significant reduction from the 19.8 per cent growth recorded in the same period last year.