New Delhi, Jun 25 (KNN) The Reserve Bank of India (RBI) on Wednesday issued revised directions on limiting customer liability in digital banking transactions, expanding the existing framework beyond unauthorised transactions to cover a broader category of fraudulent electronic banking transactions (EBTs), including both card-present and card-not-present cases. The revisedContinue Reading
New Delhi, Jun 25 (KNN) Over 100 MSME players in the stainless steel sector have written to the steel ministry seeking reinstatement of the quality control order (QCO) that mandated the use of BIS-certified items for various stainless steel products. The ministry had suspended the order on April 27 toContinue Reading
New Delhi, Jun 25 (KNN) The Reserve Bank of India (RBI) on Wednesday issued final amendment directions revising the framework for computing net open position (NOP) and capital charges for foreign exchange risk across banks and financial institutions. The directions, which come into effect on April 1, 2027, bring India’sContinue Reading
New Delhi, Jun 25 (KNN) The Reserve Bank of India (RBI) on Wednesday released draft guidance on regulatory principles for model risk management, citing the rapid adoption of artificial intelligence, machine learning, and automated decision-making systems across the financial sector. The central bank said that while such technologies improve efficiencyContinue Reading
New Delhi, Jun 24 (KNN) India’s core sector growth slowed sharply to 0.5 percent in May 2026, marking the second-lowest expansion in 21 months and highlighting emerging pressures on domestic economic activity amid global uncertainties and weakening demand conditions. Eight Core Industries Hold Significant Weight According to dataContinue Reading
New Delhi, Jun 23 (KNN) Digital adoption among India’s micro, small and medium enterprises (MSMEs) is accelerating, with UPI and Aadhaar-enabled banking accounting for a majority of transactions in semi-urban and rural retail outlets, according to PayNearby’s MSME Digital Index Report 2026. The report found that 61 percent of transactionsContinue Reading
New Delhi, Jun 24 (KNN) The Centre has deferred the implementation of quality control norms for select categories of cross recessed screws for three years, offering relief to the fastener industry and MSMEs that had raised concerns over compliance challenges and supply disruptions. In a notification issued under the BureauContinue Reading
