India’s rapidly growing digital payments market faces a potential policy shift with the bill permitting fees on certain electronic transactions, raising questions over the future of free UPI payments amid rising infrastructure costs. India’s fast-moving digital payments market could be…
Nandan Nilekani suggests that India can unlock a decade of productivity gains by prioritising practical AI applications in sectors like healthcare and agriculture, leveraging existing digital systems for inclusive growth. Nandan Nilekani believes India could unlock a decade of stronger…
The Reserve Bank of India has revised its guidelines on restricting financed devices following loan defaults, extending the timeline and easing the disclosure norms for recovery agents, while safeguarding borrower rights and privacy. The Reserve Bank of India has softened…
India’s finance minister, Nirmala Sitharaman, has challenged claims that recent changes to payment laws could lead to charges on UPI transactions, emphasising that users will not face fees, as debate over merchant discount rates continues. India’s finance minister, Nirmala Sitharaman,…
AIB has issued a warning to customers amid a 59% rise in fraud attempts this July, highlighting the increasing use of convincing social engineering tactics by scammers impersonating trusted organisations to steal money and security details. AIB has warned customers…
The Reserve Bank of India has released draft directions to revamp the regulatory framework for rural cooperative banks, aiming to enhance their lending capacity and sector resilience amidst ongoing reforms to boost rural finance and transparency. The Reserve Bank of…
India’s digital lending market has expanded nearly 13-fold in five years, with fintechs currently leading over 77% of personal loan approvals and the segment expected to account for a fifth of all personal loans by FY2031, signalling a significant shift…
India’s Reserve Bank tightens regulatory framework for loan recovery, limiting contact hours, banning harassment, and regulating device locking from January 2027, aiming to protect borrowers while modernising practices. India’s central bank has set out a tougher framework for loan recovery,…
The Reserve Bank of India’s draft rules to ban revolving credit by non-banking financial companies may lead to significant product redesigns, affecting corporate, MSME, and personal lending sectors, according to Morgan Stanley. The Reserve Bank of India’s proposed restrictions on…
India’s Unified Payments Interface has transformed not just how people pay but also what they buy and how often, fostering faster, habitual food purchases while subtly shifting consumer spending habits and retail dynamics. India’s Unified Payments Interface has changed more…
