RBI Requires Banks to Strengthen Reporting on Overseas Investment Vetting
The Reserve Bank of India (RBI) has directed banks to strengthen oversight of overseas investment transactions by requiring more detailed…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
Indian Bank Targets $2 Billion in NRI Deposits Under RBI’s Temporary Rule
Indian Bank aims to raise $2 billion (around ₹17,000 crore) in NRI deposits, using an RBI relaxation that allows higher…
Mobile-first netbanking: Razorpay and NBBL team up
Mobile-first netbanking is a phone-friendly way to pay from your bank account at checkout. Razorpay and NBBL have launched it…
Japan-India in talks of direct yen-rupee settlement, reports
In a major step toward de-dollarizing their bilateral trade, India and Japan are finalizing a local-currency settlement framework that will…
RBI allow banks to finance takeover upto 75%
In a historic paradigm shift that fundamentally rewrites corporate dealmaking in India, the Reserve Bank of India’s (RBI) sweeping M&A…
NBFC exit rules: RBI makes shutdown process clearer
India’s NBFC exit rules just changed. NBFC exit rules means the steps a non-bank finance company must follow if it…
UPI Hits 22.72 Billion Transactions in June 2026 Worth Rs 28.92 Lakh Crore
UPI handled 22.72 billion payments in June 2026, worth Rs 28.92 lakh crore, or about 757 million a day. The…
Household debt rises, but RBI says borrower quality improved
Key takeaways Household debt rises means families owe more money compared with the whole economy. India’s household debt reached 45.5%…
Stress test says banks and NBFCs can take shocks
Stress test results suggest Indian banks and NBFCs can handle a tough downturn without breaking. A stress test is a…
Banking funding challenge: Why RBI sees a new risk
Banking funding challenge is the big worry in the RBI’s latest Financial Stability Report. A funding challenge means banks may…