The Reserve Bank of India is proposing tighter rules on non-bank lenders’ flexible credit products, sparking concerns about the impact on small businesses and gig workers who rely on adaptable finance solutions in an evolving labour market. India’s central bank…
Mumbai-based start-up Rezolv raises $12.5 million in a Series A funding round to deepen AI integration across the lending lifecycle, with a focus on automation in credit operations and collections among Indian banks and NBFCs. Mumbai-based lend-tech start-up Rezolv has…
India advances its digital agenda with pilot projects for food subsidies using programmable digital rupees, drone-based mail services in remote areas, and a comprehensive skills development programme, aligning with long-term national development goals. India has taken another step in linking…
Paul Merchants Finance Private Limited debuts India’s first dedicated silver loan branches, capitalising on RBI’s updated lending framework that recognises silver as a formal collateral option, signalling a shift in small-ticket borrowing practices. Paul Merchants Finance Private Limited has launched…
The Reserve Bank of India has introduced new rules in 2026, removing prepayment charges on floating-rate personal loans for eligible borrowers, offering greater financial flexibility and transparency. A year-end bonus or a windfall from a successful investment often prompts one…
India’s central bank has suggested connecting the digital currency systems of BRICS nations, aiming to streamline cross-border transactions and enhance economic resilience amid dollar reliance and US sanctions. India’s central bank has proposed linking the digital currency systems of BRICS…
OmniCard reports rapid growth of its configurable business fintech platform, supporting over 22 lakh cards and serving more than 1,000 enterprises to replace fragmented spend tools with a unified system for payments and expense management. OmniCard says its business fintech…
Indian payments firm Razorpay unveils an advanced artificial intelligence model trained on billions of transactions, significantly enhancing payment success rates and fraud detection capabilities while paving the way for AI-driven financial services. Razorpay has built an artificial intelligence payment foundation…
India’s physical currency circulation remains significantly larger than that of the US and euro area, driven by an expanding cash economy despite digital payment growth, raising questions about sustainability and future policies. India’s cash economy continues to operate on a…
Shabnam Sinha has been appointed as chairperson of Airtel Payments Bank, succeeding Sunil Bharti Mittal who steps down after ten years, marking a significant leadership transition in India’s largest mobile banking network. Airtel Payments Bank is preparing for a change…
India’s retirement fund system undergoes a major digital transformation with EPFO 3.0, offering streamlined, paperless access to members, yet sparking debates over long-term savings amid easier withdrawal options. India’s retirement savings system is being reshaped as the Employees’ Provident Fund…
India’s rapidly expanding Unified Payments Interface (UPI) is reshaping banking strategies, prompting financial institutions and fintech firms to seek new revenue streams as instant transfers become too cost-effective to monetise traditionally, according to a McKinsey report. India’s booming Unified Payments…
