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…
RBI Unveils ‘Payments Vision 2028’ to Boost India’s Digital Payments Ecosystem
The Reserve Bank of India (RBI) has unveiled its ambitious ‘Payments Vision 2028’, laying out a clear roadmap to strengthen…
Karnataka Grameena Bank Wins National Award for SHG Bank Linkage Excellence
Karnataka Grameena Bank (KGB) has been honoured with a national award for its outstanding performance in the Self-Help Group (SHG)…
RBI fines HSBC ₹31.80 lakh for non-compliance with deposit norms
The Reserve Bank of India (RBI) has imposed a penalty of ₹31.80 lakh on HSBC for failing to comply with…
Axis Bank to Invest ₹1,500 Crore in Axis Finance for Growth Expansion
Axis Bank has announced plans to infuse ₹1,500 crore into its wholly owned subsidiary, Axis Finance (AFL). The bank’s board…
RBI Imposes ₹3.10 Lakh Fine on Cashfree Payments
The Reserve Bank of India (RBI) has levied a monetary penalty of ₹3.10 lakh on Cashfree Payments, citing lapses in…
RBI Pumps ₹50,000 Crore Liquidity Through OMO Amid Tax Outflows
The Reserve Bank of India (RBI) injected ₹50,000 crore into the inter-bank system on Friday through open market operations (OMOs)…
Mcap of top 10 firms tumbles by ₹4.48 trn; SBI, HDFC Bank biggest laggards
The combined market capitalisation of India’s top 10 most valuable companies declined sharply by ₹4.48 lakh crore last week, reflecting…
PayU and CoRover.ai Partner to Enable Voice-Based Payments in 100 Languages
Fintech platform PayU has entered into a strategic partnership with AI company CoRover.ai to introduce AI-powered agentic payment solutions in…
SBI, MUFG Sign Agreement to Facilitate Cross-Border Capital Flows
India’s largest public sector bank, State Bank of India (SBI), has signed a strategic agreement with Japan’s leading financial institution…
Axis Bank Partners with Tesla to Offer Tailored Financial Solutions for Customers
Axis Bank, India’s third-largest private sector lender, has partnered with Tesla to become its preferred financing partner in the country.…
Facebook Overseas Acquires 30% Stake in RIL Firm for ₹257 Crore
Reliance Industries Ltd (RIL) informed the stock exchanges that its step-down subsidiary, Reliance Enterprise Intelligence Ltd (REIL), has allotted 85,31,75,000…
CGA Launches Dashboard to Strengthen Fund Oversight
India’s Controller General of Accounts (CGA) has launched the Government Bank Dashboard and the Government Bank Manual as part of…
Paytm Launches ‘Savings in Silver’ Feature on Its App for Digital Investors
Paytm has launched a new feature called ‘Savings in Silver’, allowing users to invest in silver directly through the Paytm…