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
Mumbai, May 8 (KNN) Department of Financial Services Secretary M Nagaraju has asked banks and financial institutions to strengthen cybersecurity systems and operational resilience. He warned that advanced artificial intelligence models such as Claude and Anthropic’s ‘Mythos’ could pose serious risks if deployed publicly in India. Speaking at the IndianContinue Reading
New Delhi, May 29 (KNN) The Reserve Bank of India (RBI) is set to reintroduce the idea of plastic currency notes, driven by surging demand, rising printing costs, and a sharp increase in soiled note disposal. The RBI has revived discussions on introducing polymer (plastic) banknotes for public circulation, withContinue Reading
New Delhi, Jun 17 (KNN) The Reserve Bank of India’s (RBI) Payments Vision 2028 is set to bring both opportunities and significant challenges for banks, as they are forced to adapt to a more competitive and technology-driven payments landscape, according to a report by Ernst & Young (EY). The RBIContinue 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
