New Delhi, Jul 24 (KNN) The Parliamentary Standing Committee on Finance has recommended a clearer division of regulatory responsibilities between the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), stating that the proposed Securities Markets Code, 2025 should explicitly define oversight roles to avoidContinue Reading
New Delhi, Aug 5 (KNN) The Union Finance Ministry has proposed amendments to the Payment and Settlement Systems Act, 2007, which could allow the reintroduction of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions for select categories, particularly large merchants. The move is seen as an initial stepContinue Reading
New Delhi, Apr 9 (KNN) The Reserve Bank of India (RBI) has issued draft Governance Amendment Directions, 2026, covering commercial banks, small finance banks, payments banks, and local area banks. The RBI has invited stakeholder and public feedback on these directions, aimed at improving bank board functioning and strengthening oversightContinue Reading
New Delhi, Apr 25 (KNN) The Reserve Bank of India (RBI) has flagged mixed trends in the Indian economy, with resilient demand indicators alongside emerging signs of supply-side stress, in the wake of geopolitical disruptions in West Asia. In its latest State of the Economy report, the central bank saidContinue Reading
New Delhi, May 11 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra and Christine Lagarde, President, European Central Bank (ECB), on Sunday signed a Memorandum of Understanding (MoU) to strengthen cooperation in central banking. The agreement was signed on the sidelines of meetings hosted by the Bank for International SettlementsContinue Reading
New Delhi, May 30 (KNN) Chief Economic Adviser (CEA) V. Anantha Nageswaran has signalled a shift in the government’s immediate economic focus, with external sector stability taking precedence as the West Asia conflict disrupts global energy markets. Speaking at an event on securitisation, CEA V. Anantha Nageswaran said the WestContinue Reading
New Delhi, Jun 17 (KNN) India’s microfinance sector is showing early signs of recovery after multiple quarters of contraction, with improving asset quality, stronger credit discipline and a revival in lending activity, according to the 27th edition of the Microfinance Pulse Report released jointly by SIDBI and Equifax. MicrofinanceContinue Reading
