The Reserve Bank of India has officially wound up Paytm Payments Bank following court orders due to serious regulatory breaches, marking a significant crackdown on fintech governance standards in India. The Reserve Bank of India has said Paytm Payments Bank…
Reserve Bank of India’s Sanjay Malhotra emphasises the need for stronger governance, accountability, and human oversight in the increasing adoption of AI by banks, outlining six key risk areas to watch as digital banking evolves. Reserve Bank of India Governor…
Match-Trade and other brokers are granting AI direct interaction with trading and client management systems, signalling a disruptive shift towards machine-assisted operations in financial services. Match-Trade Technologies has moved to give artificial intelligence direct access to the systems brokers use…
K. Rajaraman highlights GIFT City’s rapid development and strategic focus on green finance and fintech as India aims for its $5 trillion economy milestone by 2027. K. Rajaraman has cast GIFT City as India’s main bridge to global capital, arguing…
India considers charging fees on certain high-value merchant UPI transactions, marking a significant policy shift aimed at funding infrastructure while maintaining affordability for consumers amid the system’s rapid global expansion. India is moving towards allowing fees on some merchant UPI…
Challa Sreenivasulu Setty of SBI advocates expanding AI beyond customer service to enhance rural access and agricultural finance, highlighting the need for scalable, secure digital solutions to support India’s economic growth by 2047. Challa Sreenivasulu Setty, chairman of State Bank…
Sanjay Malhotra, governor of the Reserve Bank of India, urges the financial sector to actively shape AI development, signalling a strategic shift to future-proof India’s banking system amid evolving global pressures. Reserve Bank of India Governor Sanjay Malhotra said India…
The Indian government has enacted the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, introducing a stricter framework for payments and dispute handling aimed at boosting liquidity and stability for small businesses. Parliament has passed the Micro, Small and…
As digital payments surge in India, businesses must prioritise secure and familiar checkout processes to maintain customer confidence, prevent fraud, and boost repeat sales amid rising cyber threats. Secure payment systems have become a basic requirement for online businesses seeking…
Finance Minister Nirmala Sitharaman has reassured that the government has not finalised any merchant discount rate framework for UPI transactions, amid ongoing discussions and speculation about potential charges. Finance Minister Nirmala Sitharaman has sought to calm speculation that Unified Payments…
India is set to lead the global AI revolution in financial services, leveraging its extensive digital public infrastructure to embed AI across banking and fintech systems, as new research highlights shifts from pilot projects to mainstream integration. India’s fintech sector…
India’s parliamentary finance committee proposes leveraging artificial intelligence to expedite income tax refunds and enhance scrutiny of suspicious claims, amid rising backlog and widespread tax evasion concerns. India’s parliamentary finance committee has called for artificial intelligence-based checks to speed up…
