The Reserve Bank of India has imposed a Rs59.20 lakh fine on IndusInd Bank for breaches related to deposit interest rates and securitisation, part of a broader enforcement drive targeting several financial institutions for regulatory lapses. The Reserve Bank of…
India’s markets regulator, Sebi, has unveiled a plan to streamline the onboarding process for individual overseas investors, introducing digital verification methods to cut paperwork and attract more foreign capital. India’s markets regulator has proposed letting individual overseas investors complete regulatory…
Enhanced SIP calculators now allow for realistic scenario testing, including step-up contributions, aiding investors in strategic long-term financial planning amid market uncertainties. A systematic investment plan, or SIP, lets investors put a fixed sum into a mutual fund at regular…
After a dramatic valuation reset, the fintech sector is now channeling investments into AI infrastructure and payment systems, signalling a fundamental shift from consumer-facing innovations to backend financial gateways. Fintech’s investment story has changed sharply over the past four years.…
A new study uncovers how India’s young salaried population prioritises recurring expenses like bills and groceries over spontaneous lifestyle spending, driven by widespread UPI adoption. Gen Z’s online image may suggest a generation splashing out on cafés, travel and impulse…
Newtap Finance secures an ‘A’ rating from Crisil amidst expansion, marking a strategic milestone that could lower borrowing costs and attract more investors in India’s dynamic non-banking financial sector. Newtap Finance has been upgraded to an “A” rating by Crisil…
The Reserve Bank of India has levied Rs 59.20 lakh in penalties on IndusInd Bank for breaches related to deposit interests and securitisation, while also penalising three NBFCs for separate regulatory shortcomings, spotlighting ongoing enforcement actions in financial regulation. The…
Bernstein raises target price for One97 Communications amid speculation that India may reintroduce merchant discounts on UPI transactions, potentially boosting Paytm’s revenue streams and margins by FY30. Bernstein has turned more positive on One97 Communications, the parent of Paytm, lifting…
Delays in income tax refunds are often caused by common issues such as unverified returns, mismatched data, or incorrect bank details. Taxpayers can speed up the process by checking verification status and correcting discrepancies promptly. If your income tax refund…
India’s Reserve Bank is reviewing its interest-rate framework to promote transparency and fairness in lending, particularly for small loans and microfinance, amid mounting concerns over uneven practices and opaque charges across financial institutions. India’s central bank is moving towards a…
