MobiKwik has completed the transfer of its entire digital lending business and associated employees to MobiKwik Distribution Services Private Limited (MDSPL), creating a dedicated subsidiary […]
Tag: rbi
Muthoot FinCorp gets perpetual RBI forex licence
Muthoot FinCorp Limited has received a Perpetual Authorised Dealer Category-II (AD-II) Forex Licence from the Reserve Bank of India (RBI), enabling the company to offer […]
FincFriends bets on responsible digital lending for long-term growth
You’ve spent years building digital lending solutions for underserved customers. Looking back, what has been the single biggest opportunity that changed the trajectory of FincFriends, […]
EbixCash gets RBI approval for trade remittances
EbixCash World Money Limited has become Authorised Dealer Category-II entity in India to receive RBI approval on a perpetual basis to facilitate trade remittances. EbixCash […]
GlobalPay unveils Forex card distribution platform
WSFx Global Pay Ltd. has launched GlobalPay Connect, a Forex Card Distribution Platform designed to enable RBI-authorized forex businesses to become Authorized GlobalPay Forex Card […]
UPI user base nears 55.5 crore as digital payments hit new high in FY26
Minister of State for Finance Pankaj Chaudhary has recently reported in the parliament that India’s Unified Payments Interface (UPI) has reached 55.49 crore users as […]
RBI proposes easier approval norms for institutional bank stake acquisitions
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 […]
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 […]