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…
India’s chief economic adviser has called for preemptive action to address the emerging dangers of artificial intelligence in the financial sector, as regulators intensify scrutiny on AI-enabled risks and vulnerabilities. India should act before artificial intelligence creates damage in finance,…
Fibe reports a 63.31% rise in assets under management to ₹8,603 crore as it gears up for its IPO, highlighting its shift towards broader consumer finance segments and innovative credit monitoring tools. Fibe, the digital lending platform preparing for a…
Nandan Nilekani advocates for India to focus on deploying AI in local languages and practical sectors, leveraging its digital infrastructure to become the world’s leading use case for real-world AI applications, generating millions of jobs through startups and innovation. Nandan…
As UPI transactions in India surge to over ₹29.52 lakh crore, merchants face increasing scams like QR code tampering and impersonation, prompting calls for stricter verification protocols and layered security measures. As digital payments have become routine for Indian businesses,…
India’s rapid growth in digital lending, now accounting for four-fifths of personal loans, raises alarms over mounting household debt and borrower exploitation amid minimal regulation, prompting calls for stronger safeguards and debt management reforms. India’s digital lending boom has become…
Piramal Finance is intensifying its focus on localised digital initiatives and AI-driven strategies, leveraging cricket to connect with diverse Indian audiences and enhance customer experience amid evolving consumer expectations. Piramal Finance is leaning harder into localised digital marketing as it…
PB Fintech reports a recovery in its core online lending business following a wholesale agent reset, while insurance remains a key growth driver amid broader financial improvements. PB Fintech’s lending arm showed signs of recovery in the latest quarter after…
India’s Reserve Bank introduces stricter regulations on debt collection practices, banning device disabling without consent and limiting recovery agent actions to enhance borrower rights from January 2027. India’s central bank has tightened the rules governing loan recovery, moving to curb…
The Indian government dismisses reports of a new tax on transactions above ₹2,000 and outlines plans to apply merchant discount rates only to large merchants, aiming to boost financial infrastructure without burdening consumers. Finance Minister Nirmala Sitharaman has pushed back…
India has commenced field trials of ₹10 and ₹20 polymer banknotes to assess their resilience, security features, and cost-efficiency, marking a shift towards international best practices in currency durability. India has approved field trials of polymer ₹10 and ₹20 banknotes,…
