RBI’s Action on PayTM Banks: Regulatory Misses that Led to the Downfall
With the RBI imposing a slew of restrictive directions on PayTM Payments Bank (“PPBL”), the banking arm of the PayTM…
12 FEB 2024
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RBI names Manoranjan Mishra as Executive Director effective from 1st Nov
The Reserve Bank of India (RBI) named Manoranjan Mishra as Executive Director (ED) with effect from November 1, 2023. He…
03 NOV 2023
Mufin Group gets RBI’s approval for PPI-licensed Prepaid Wallets
Mufin Group – an ecosystem providing multi-diversified financial enterprises in India, gets RBI’s approval to launch with its PPI-licensed prepaid…
23 OCT 2023
RBI increased bullet repayment gold loan limit for UCBs to 4 Lakhs
The Reserve Bank of India stated that the lending limits for gold loans under the bullet repayment program for urban…
07 OCT 2023
RBI nods SBI Fund Management to acquire up to 99.9% stake in HDFC Bank
The Reserve Bank has given SBI Funds Management (SBIFML) permission to acquire up to 9.99 percent of HDFC Bank, the…
18 MAY 2023
Profectus Capital gets a CoR from RBI under Factoring Regulation Act, 2011
The Reserve Bank of India (RBI) granted Profectus Capital Private Limited (PCPL), an NBFC sponsored by Actis, a Certificate of…
10 MAY 2023
HDFC implements offline digital payments under sandbox of RBI
HDFC Bank has begun a pilot initiative to enable digital payments in the offline mode under a regulatory mechanism. According…
14 FEB 2023
Hitachi Payment Services received in-principle permission from RBI
Hitachi Payment Services, India’s leading provider of end-to-end payment solutions, has announced that it has acquired in-principle approval from the…
10 JAN 2023
Total government debt increased to Rs 147 lakh crore in Q2
The government’s overall liabilities grew to Rs 147.19 lakh crore at the end of September from Rs 145.72 lakh crore…
27 DEC 2022
YES BANK participates in RBI’s digital rupee (e₹) trail launch
YES BANK today announced its participation in the first trial of the Reserve Bank of India’s Digital Rupee (e₹), a…
02 DEC 2022
