The Reserve Bank of India (RBI) has recently released draft guidelines for a regulatory framework for the aggregation of loan products by Lending Service Providers […]
Tag: rbi
RBI approves Cred’s payment aggregation business
Bengaluru-based fintech startup Cred has received in-principle approval from the Reserve Bank of India (RBI) to venture into the payment aggregation business. The approval allows […]
RBI modifies guidelines for investment in AIFs by lenders
The Reserve Bank of India (RBI) yesterday revised its guidelines concerning the investment of banks, Non-Banking Financial Companies (NBFCs), and other lending institutions in Alternative […]
RBI approves Ajay Kanwal’s reappointment as MD and CEO at Jana Small Finance Bank
The Reserve Bank of India (RBI) has approved reappointment of Ajay Kanwal as the Managing Director and Chief Executive Officer (CEO) of Jana Small Finance […]
RBI directs banks to comply with DPDP Act provisions
The Reserve Bank of India (RBI) has directed Regulated Entities (REs) under RBI’s Regulatory Sandbox (RS) framework to ensure compliance with the provisions of the […]
RBI approves Munish Sharda’s appointment as Axis Bank’s Executive Director
The Reserve Bank of India (RBI) has approved the appointment of Munish Sharda as Executive Director and full-time director for Axis Bank, who has taken […]
Amit Shah to inaugurate umbrella organisation for UCB sector next month
Union Home Minister Amit Shah will inaugurate the umbrella organisation for the Urban Cooperative Banking (UCB) sector on 2nd March, 2024 in New Delhi. Jyotindra […]
RBI grants PA licence to Mswipe Technologies
The Reserve Bank of India (RBI) has granted the Payment Aggregator (PA) licence to digital payments platform Mswipe Technologies. In a statement yesterday, the company […]
Indian NBFCs saw highest growth among NBFI categories, says RBI Deputy Governor
Indian Non-Banking Financial Companies (NBFCs) saw a highest growth (10 per cent) among the NBFI economic categories, said M Rajeshwar Rao, Deputy Governor, Reserve Bank […]
RBI asks banks and NBFCs to reveal more details to retail and MSME borrowers
The Reserve Bank of India (RBI) has decided to mandate all Retail Entities (REs) to provide the ‘Key Fact Statement’ (KFS) to the borrowers for […]