RBI
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.
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.
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'.
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
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.
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.
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.
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
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.
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
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
RBI Launched MuleHunter.ai to Curb Financial Frauds
It is expected to significantly reduce fraud cases, said RBI Governor Shaktikanta Das
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.
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
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.