Recent reports suggesting new charges on UPI payments above Rs 2,000 have caused confusion. Fact-checks confirm that only merchant payments made through prepaid wallets above this threshold will incur a fee, leaving most consumer-to-consumer transactions unaffected. A report circulating online…
Regulators in India are debating whether to incorporate insurance surety bond exposures into the CRILC database, aiming to close reporting gaps and improve oversight of contingent liabilities amid expanding infrastructure projects. Indian regulators are weighing whether insurance surety bond exposures…
The Reserve Bank of India has unveiled a comprehensive overhaul of deposit pricing, including uniform rates across branches and increased transparency, set to take effect in October 2026, affecting savers, businesses, and foreign inflows. The Reserve Bank of India has…
India’s growing use of AI-driven data analysis is transforming credit assessments, enabling banks to extend loans to small businesses and individuals previously deemed too risky or invisible by traditional models. For banks, one of the hardest lending calls has always…
Mobikwik records third straight profitable quarter, signalling a shift towards sustainable earnings as revenues and gross merchandise value hit new highs; company aims for full-year profitability by FY27 amidst operational reshaping and strategic growth initiatives. One Mobikwik Systems has reported…
India’s parliament has paved the way for merchant fees on certain UPI transactions, marking a significant shift from the country’s long-standing zero-cost digital payment model for large businesses amid growing financial sustainability concerns. India’s Parliament has opened the way for…
India is formalising its digital public infrastructure, including platforms like Aadhaar and UPI, into a diplomatic asset by signing cooperation agreements with 23 countries, signalling a shift from domestic use to international influence, especially across the Global South. India is…
The Reserve Bank of India has announced a new early-redemption timetable for Sovereign Gold Bonds, allowing investors to redeem six series by August 2026, amid changing tax proposals and a rising gold price link. The Reserve Bank of India has…
Mumbai-based Ionic Wealth launches AI-powered feature enabling investors to view personalised portfolio insights based on two decades of transaction history, signalling a shift towards more tailored, real-time wealth advice in India. Ionic Wealth has launched a new AI feature that…
India’s Reserve Bank will keep its overseas deposit window open until September 30, as a surge in foreign currency inflows supports the rupee and bolsters reserves, with expectations of surpassing $50 billion in total deposits. India’s central bank will keep…
