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RBI, CCIL urge Japan to drop inspection clause
  • BFSI

RBI, CCIL urge Japan to drop inspection clause

  • 09/11/2022
  • 0

The tussle between Indian financial market regulators and their peers in developed countries over ‘extra-territorial jurisdictions’ is playing out on multiple fronts, leaving a dozen […]

MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic
  • BFSI

MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic

  • 08/11/2022
  • 0

During the two years of the pandemic, microlenders experienced credit losses of up to 10%, but things are improving lately, with stressed asset levels dropping, […]

Indian banks’ loans rose 17.9% y/y in two weeks to Oct 21: RBI
  • BFSI

Indian banks’ loans rose 17.9% y/y in two weeks to Oct 21: RBI

  • 05/11/2022
  • 0

Indian banks’ loans rose 17.9% in the two weeks to Oct. 21 from a year earlier, while deposits rose 9.5%, the Reserve Bank of India’s […]

RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations
  • BFSI

RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulations

  • 01/11/2022
  • 0

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.76 crore on Vakrangee Limited (the entity) for non-compliance with certain provisions […]

Credit card numbers continue to slip after RBI’s deactivation order
  • BFSI
  • Fintech

Credit card numbers continue to slip after RBI’s deactivation order

  • 31/10/2022
  • 0

The Reserve Bank of India (RBI) order on discontinuing inactive credit cards continued to negatively impact the industry size, with top-tier lenders such as HDFC […]

Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report
  • BFSI

Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report

  • 31/10/2022
  • 0

The Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the […]

Illegal digital lending apps driving citizens to suicide, says Ministry of Home Affairs
  • BFSI
  • Technology

Illegal digital lending apps driving citizens to suicide, says Ministry of Home Affairs

  • 31/10/2022
  • 0

Following the arrest of Chinese nationals allegedly involved in digital loan app scam, the Ministry of Home Affairs has in a letter to states and […]

Infibeam Avenues receives RBI in-principle nod for payment aggregator licence
  • BFSI
  • Fintech
  • Technology

Infibeam Avenues receives RBI in-principle nod for payment aggregator licence

  • 29/10/2022
  • 0

Infibeam Avenues, the operator of CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. “Under this provision, […]

RBI orders Sberbank to demonstrate compliance, rejects request
  • BFSI

RBI orders Sberbank to demonstrate compliance, rejects request

  • 28/09/2022
  • 0

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