India Post Payments Bank Launches SHG Savings Account for Women Empowerment
In a strong push towards financial inclusion and rural empowerment, India Post Payments Bank (IPPB) has introduced a Self Help…
SEBI Launches PaRRVA System: A Big Step to Verify Market Intermediaries’ Performance Claims
In a major move to enhance transparency and protect investors, the Securities and Exchange Board of India (SEBI) has operationalised…
Bank of Baroda Launches Indian Sign Language Support Through Video Calls
In a major step towards inclusive and accessible banking, Bank of Baroda has launched Indian Sign Language (ISL) support through…
Flipkart, Axis Bank & PayU Introduce Biometric Card Payments, Replacing OTPs
In a major step towards making online payments faster and more secure, Flipkart, Axis Bank, and PayU have introduced biometric…
RBI Imposes Penalty on Bandhan Bank and Muthoot Housing Finance Company
In another strict regulatory action, the Reserve Bank of India has imposed monetary penalties on Bandhan Bank and Muthoot Housing…
CCIL Revamps Trade Reporting System to Track Offshore Rupee Trades Better
In a major move to improve transparency and align with international market practices, the Clearing Corporation of India Limited is…
MobiKwik Gets RBI Nod for NBFC License
In a major development for India’s fintech sector, One MobiKwik Systems has received approval from the Reserve Bank of India…
India’s Forex Reserves Rise by Over $2 Billion to $703.3 Billion
India’s foreign exchange (forex) reserves have once again shown resilience, rising by USD 2.362 billion to reach USD 703.308 billion…
Government Forms Panel to Assess AI Risks from ‘Mythos’ Platform
The Government of India has constituted a high-level panel under C S Setty, Chairman of State Bank of India (SBI),…
Reserve Bank of India Cancels Banking Licence of Paytm Payments Bank
The Reserve Bank of India (RBI) has officially cancelled the banking licence of Paytm Payments Bank (PPBL), marking the end…
PNB Partners Kiwi to Launch Credit-Enabled UPI Payments
Punjab National Bank (PNB) has partnered with Kiwi to introduce credit-enabled UPI payments for its 180 million customers, marking a…
IMGC Partners with Bajaj Housing Finance to Boost Home Loan Access
The India Mortgage Guarantee Corporation (IMGC) has partnered with Bajaj Housing Finance Ltd (BHFL) to expand access to home loans…
Bank Credit Growth Jumps to 16.08% in FY26, Outpaces Deposit Growth
India’s banking sector witnessed a strong rebound in credit growth in FY26, even as deposit mobilisation struggled to keep pace,…
Shriram Finance Subsidiary Gets RBI Nod to Start Primary Dealer Business
Shriram Finance Ltd announced , that its wholly owned subsidiary, Shriram Overseas Investments Ltd, has received in-principle approval from the…
India’s Digital Payments See Record Growth in 2025
India’s digital payments ecosystem witnessed remarkable growth in 2025, with the Unified Payments Interface (UPI) processing a massive 228.5 billion…
Sa-Dhan Releases ‘Sankalp 3.0’ for Microfinance Sector
Sa-Dhan, an RBI-recognised self-regulatory organisation (SRO) for the microfinance sector, has released the third edition of its sectoral guardrails titled…
Bank of Baroda Partners with Reliance Jio to Launch ‘bob World Lite’ App
Bank of Baroda (BoB) and Reliance Jio have announced a new partnership to launch “bob World Lite”, a mobile banking…
CSB Bank Introduces Smart Save Account – What Makes It Special? Full Details Inside
CSB Bank has launched its new ‘Smart Save Account’ in 2026, aimed at providing customers with better savings options, digital…
Visa and HDFC Bank Launch FIFA World Cup 2026 Pixel Credit Card
Visa and HDFC Bank have launched a limited-edition FIFA World Cup 2026 Pixel Credit Card, along with a nationwide ‘Spend…
India’s Remittances to Hit Record High in FY26: SBI Research
India’s remittance inflows are projected to reach a record $137–140 billion in FY 2025–26 (FY26) before stabilising at $135–137 billion…
IRDAI Issues Revised Cybersecurity Guidelines for Insurers
The Insurance Regulatory and Development Authority of India has released revised information and cybersecurity guidelines for insurers and intermediaries, aiming…
MUFG Bank Acquires 20% Stake in Shriram Finance in ₹39,618 Crore Deal
Japan’s MUFG Bank has completed a major investment in Shriram Finance, marking one of the largest cross-border deals in India’s…
RBI Cancels Licence of Shirpur Merchants’ Co-operative Bank
In a decisive regulatory action, the Reserve Bank of India has cancelled the licence of Shirpur Merchants’ Co-operative Bank Ltd.,…
CASA Ratio Falls to Two-Year Low, Reflecting Deposit Pressure in Banking System
The share of low-cost Current Account and Savings Account (CASA) deposits in India’s banking system has declined to a two-year…
Razorpay Partners with OpenAI to Enable Instant Payments in AI-Built Apps
In a major step toward simplifying digital monetisation, Razorpay has partnered with OpenAI to allow developers to embed payment systems…
Wipro to Acquire Mindsprint for $375 Million in Major Olam Group Deal
Wipro has announced the acquisition of Singapore-based Mindsprint for $375 million, as part of a broader $1 billion strategic deal…
UPI Records 22.64 Billion Transactions in March 2026, Shows Strong Digital Growth
India’s digital payments ecosystem continues to expand rapidly, with the Unified Payments Interface (UPI) recording 22.64 billion transactions in March…
RBI Approves Emirates NBD’s Acquisition of Up to 74% Stake in RBL Bank
In a significant development in India’s banking sector, the Reserve Bank of India has approved Emirates NBD (ENBD) to acquire…
LIC, GIC Re and New India Assurance Retain D-SII Status for FY26
India’s insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), has once again identified Life Insurance Corporation of India…
RBI Imposes Penalty on 3 Government Banks and Pine Labs for Non-Compliance
The Reserve Bank of India (RBI) has imposed monetary penalties on several financial institutions, including Union Bank of India, Bank…