The Reserve Bank of India (RBI) has proposed amendments to simplify the approval process for institutional investors seeking to acquire or increase major shareholding in […]
Tag: rbi
AU SFB raises FCNR deposit rates for NRIs
AU Small Finance Bank has revised its Foreign Currency Non-Resident (FCNR-B) deposit rates, offering returns of up to 7.10 per cent on select tenures as […]
Skydo secures GIFT City and RBI approvals for cross-border payments expansion
Skydo has received in-principle approval to operate as a Payment Service Provider (PSP) at Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), […]
MobiKwik gets RBI approval for NBFC licence
MobiKwik Group has received approval from the Reserve Bank of India (RBI) for its Non-Banking Financial Company (NBFC) licence, marking a step in its plan […]
RBI draft proposes tech-driven BC model to expand cooperative banking access
The Reserve Bank of India has released the draft of the Branch Authorisation Amendment Directions, 2026, proposing structural changes to how cooperative banks expand their […]
RBI relaxes NOFHC requirement for AU SFB’s universal bank transition
Reserve Bank of India has eased a key regulatory condition for AU Small Finance Bank, allowing the lender to move closer to becoming a universal […]
Airtel to invest Rs 20,000 crore to build high-scale NBFC platform
Bharti Airtel has announced an ambitious expansion of its financial services business, unveiling plans to build one of India’s largest digital NBFC platforms through its […]
Setu to acquire full stake in account aggregator Agya Technologies
Pine Labs is set to fully consolidate its ownership in Agya Technologies, an RBI-licensed Account Aggregator, through its FinTech infrastructure arm Setu. According to a […]
PayU India reports profitability in Q2 FY26 as revenue and transaction volumes rise
PayU India has reported a strong performance for the first half of FY26, marking a significant turnaround with profitability achieved in the second quarter. The […]
TJSB Sahakari Bank shows impressive performance in FY 2024-25 audit
TJSB Sahakari Bank has recently published its audited financial results for FY 2024–25 within just 10 days of the financial year’s close. This positions TJSB […]