New Delhi, Apr 9 (KNN) Bank credit growth in India is projected to moderate to around 13 per cent in the current fiscal, slightly lower than the estimated 14 per cent growth in FY26, according to a report by Crisil Ratings. The report said the expansion will be supported byContinue Reading
RBI Proposes Stricter Norms For Digital Wallets…Continue Reading
New Delhi, Apr 9 (KNN) The Reserve Bank of India (RBI) is set to introduce a new framework to classify non-banking financial companies (NBFCs) into three categories—upper, middle, and lower layers, Governor Sanjay Malhotra said following the latest monetary policy announcement. He indicated that the framework will be rolled outContinue Reading
New Delhi, Apr 25 (KNN) The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited with effect from April 24, 2026, under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’), citing serious regulatory and governance concerns. The action bars the bank fromContinue 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, Apr 10 (KNN) The Reserve Bank of India (RBI) has proposed a set of additional safeguards for digital payments, including transaction delays, enhanced authentication, and stricter monitoring of bank accounts, to address a sharp rise in frauds driven largely by social engineering. In the discussion paper titled ‘ExploringContinue Reading
