The Reserve Bank of India (RBI) has granted in-principle approval to AU Small Finance Bank Limited (AUSFB), allowing it to transition into a universal bank, […]
Author: The Banker Media
BharatPe turns profitable with Rs 6 crore pre-tax gains in FY25
BharatPe has recorded its first full-year profitability, posting an adjusted pre-tax profit of Rs 6 crore in FY25. This marks a sharp turnaround from the […]
RBI issues new guidelines to streamline co-lending practices
The Reserve Bank of India (RBI) has introduced a fresh set of regulatory guidelines titled ‘The Reserve Bank of India (Co-Lending Arrangements) Directions, 2025’, to […]
IRCTC Payments gets RBI nod to offer online payment services
IRCTC Payments, the payments subsidiary of the Indian Railway Catering and Tourism Corporation (IRCTC), has received in-principle approval from the Reserve Bank of India (RBI) […]
RuPay and BookMyShow to redefine live event access for young India
National Payments Corporation of India’s RuPay has entered into a strategic, year-long alliance with BookMyShow to offer cardholders exclusive benefits for the country’s leading live […]
Utkarsh Small Finance Bank bets on transformation despite Q1 setback
Utkarsh Small Finance Bank has reported a net loss of Rs 239 crore for the quarter ended June 30, 2025, as the bank continued its […]
AU SFB ties up with SBI Life Insurance to expand insurance access across India
AU Small Finance Bank (AU SFB) has signed a corporate agency partnership with SBI Life Insurance. The collaboration aims to enhance access to comprehensive insurance […]
Capital India Finance secures Rs 50 crore via private placement of listed NCDs
Capital India Finance Limited has announced the successful issuance of Rs 50 crore worth of listed, rated, senior secured non-convertible debentures (NCDs) through a private […]
NPCI issues new UPI rules for smoother transactions
The National Payments Corporation of India (NPCI) has announced several changes to the Unified Payments Interface (UPI) system that got implemented starting from August 1, […]
India Post Payments Bank launches aadhaar-based face authentication across India
India Post Payments Bank (IPPB) has introduced a nationwide Aadhaar-based Face Authentication feature, enabling customers to conduct banking transactions using facial recognition. An initiative developed […]