A Delhi consumer commission has awarded Rs 90,000 to a customer after ruling that the bank failed to act promptly following a card compromise, highlighting the shifting responsibility in card fraud cases. A Delhi consumer commission has drawn a sharp…
Prime Minister Narendra Modi’s recent appeal to curb gold purchases underscores India’s ongoing struggle to manage its dependence on imported bullion amid elevated prices and persistent household demand, despite increased import duties and regulatory measures. Prime Minister Narendra Modi’s renewed…
The Reserve Bank of India has proposed a detailed overhaul of lending and exposure regulations for commercial banks, aiming to foster a more structured and market-led financial system from April 2026. India’s central bank used an October 2025 consultation paper…
Indian green stocks experienced varied movements on 7 September as global tensions, crude oil prices, and US rate hike bets influenced broad market sentiment, with mid-cap names rallying despite overall sector weakness. Indian renewable-energy shares were pulled in two directions…
As rapid approval times become the norm in India’s digital credit market, lenders are shifting their competitive edge from instant disbursal to securing repeat borrowers, amid increasing regulatory oversight and rising costs for consumers. For Indian borrowers chasing emergency cash,…
Incore Bank, Kyndryl and Google Cloud have completed a proof of concept using agentic AI to streamline KYC processes, promising improved accuracy and faster onboarding for institutional clients, though still in the testing phase. Kyndryl, Incore Bank and Google Cloud…
Tax advisors clarify that earning from side businesses is classified under existing income heads, with evolving rules and forms increasing compliance complexity for salaried Indians engaging in extra work. As of guidance last reviewed by the Income Tax Department on…
A longstanding scam exploiting trust in India’s UPI payment system persists despite recent regulatory changes, highlighting the importance of user vigilance against social engineering tactics sa that fraudsters continue to manipulate victims into authorising unauthorised transactions. One of the oldest…
Fairfax is assessing a complete disposal of its remaining stake in IIFL Finance as it prepares for a renewed push to acquire a dominant stake in IDBI Bank, signalling a strategic reshaping of its India operations. Fairfax is weighing a…
Indian financial institutions are increasingly integrating AI into core operations amid significant productivity gains and evolving regulatory frameworks, but are also grappling with escalating cyber threats that could reshape the future of digital banking. Indian banks and non-bank lenders are…
