Banking, RBI, UPI, payments and fintech news.
India’s Unified Payments Interface (UPI) has transformed the country’s digital payments ecosystem, but its expansion into merchant transactions is showing…
HDFC Bank has increased interest rates on select fixed deposits (FDs) by up to 50 basis points, offering higher returns…
Offshore cryptocurrency-linked cards are drawing scrutiny from India’s financial regulators after some residents reportedly began using them to make routine…
The Reserve Bank of India’s (RBI) latest liquidity absorption operation has received a subdued response from banks, with lenders submitting…
In its public clarification, the RBI said that certain elements were fraudulently using the central bank’s name and logo to…
Indian banks are taking a measured approach to raising lending rates after the Reserve Bank of India (RBI) increased the…
Key Takeaways Supreme Court Wants Banks to Bear Responsibility for Digital Arrest Losses The Supreme Court of India has called…
Banking assets at Gujarat International Finance Tec-City (GIFT City) rose approximately 60% in three months to $193 billion at the…
The Government of India has constituted a high-level committee to review the country’s banking sector and recommend structural, regulatory, institutional…
Loans taken against bank deposits in India have surged as banks use foreign-currency deposits mobilised through a special Reserve Bank…
