Bank of America has agreed to invest approximately $1.9 billion in Jio Credit Ltd, marking a significant step in global banks seeking exposure to India’s burgeoning financial market through strategic partnerships and investments. Jio Financial Services Ltd has agreed a…
A parliamentary committee criticises the Indian government’s efforts to combat cyber-enabled financial fraud, calling for stronger responsibility measures, faster intervention during the golden hour, and revised penalty frameworks to prevent mule account exploitation. The Parliamentary Standing Committee on Finance has…
CapitalXB Finance partners with Biz2X to implement an AI-powered lending platform, slashing onboarding times and boosting trade finance capacity for small and medium-sized enterprises, both domestically and internationally. CapitalXB Finance has deepened its digital push by adopting Biz2X’s AI-powered lending…
Indifly Ventures has taken a strategic stake in CGreen, aiming to expand AI-powered loan resolution solutions across India’s underserved regions, enhancing recovery efficiency and borrower insights. Indifly Ventures has taken a strategic stake in CGreen, backing a business that uses…
Cashfree Payments launches a zero-fee promotion for new merchants on domestic transactions, aiming to attract small businesses during India’s busiest retail period and boost its SMB client base by the end of 2027. Cashfree Payments is trying to turn the…
PointsKash secures a phased capital commitment of up to $100 million from Hawk Capital Investors to scale its kiosk network and digital financial services targeting unbanked consumers, supported by strategic acquisitions and planned platform enhancements. PointsKash has secured a strategic…
India’s retail landscape is transforming as consumers seamlessly switch between digital and physical shopping, driven by social discovery, flexible payment solutions, and integrated commerce platforms, reshaping small and medium-sized business growth. Indian retail is moving towards a world where shoppers…
Young investors in India are increasingly embracing cryptocurrency early, using it as a gateway to broader market participation and long-term wealth creation, according to WazirX data. India’s youngest investors are turning to cryptocurrency earlier than previous generations and are using…
Authorities urge borrowers to stay vigilant as scammers replicate legitimate lending platforms to steal personal data and trap users in fraudulent schemes amid rising digital loan usage. Cybersecurity officials are warning borrowers to be wary of fake loan apps that…
The Indian government is transforming its cooperative credit system through digitisation and increased funding, aiming to streamline rural lending and support farmers with faster, transparent access to credit and services. India’s cooperative credit system is moving towards a faster, more…
India’s government has greenlit a trial to test 2 billion polymer banknotes in ₹10 and ₹20 denominations, aiming to enhance durability and reduce costs, with circulation expected to start in the next financial year if successful. India’s government has cleared…
The Reserve Bank of India has unveiled draft guidelines aiming to unify interest rate adjustments across lenders, improve monetary policy effectiveness, and strengthen borrower safeguards, with feedback invited until September 11, 2026. The Reserve Bank of India has moved to…
