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FORGERY. Embezzlement reported at NBFC’s North-East branch; RBI seen placing curbs. KEY CONTRIBUTOR. The eastern region accounts for 11% of the lender’s total advances, or ₹10,273 crore of total loans, per M&M Finance’s December quarter investor presentation The RBI is looking into a ₹150-crore KYC lapse disclosed by Mahindra and Mahindra Financial Services on Tuesday.

24 Apr

RBI lens on ₹150-crore KYC fraud at M&M Fin Services

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FORGERY. Embezzlement reported at NBFC’s North-East branch; RBI seen placing curbs. KEY CONTRIBUTOR. The eastern region accounts for 11% of the lender’s total advances, or ₹10,273 crore of total loans, per M&M Finance’s December quarter investor presentation The RBI is looking into a ₹150-crore KYC lapse disclosed by Mahindra and Mahindra Financial Services on Tuesday.

The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and card networks, will be permitted to store data. This directive aims to enhance the security and privacy of cardholders’ information during transactions. This regulation will

18 Apr

RBI issues directives for Card Holders

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The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and card networks, will be permitted to store data. This directive aims to enhance the security and privacy of cardholders’ information during transactions. This regulation will

The Reserve Bank of India (RBI) on April 12 said it has rejected two small finance banks licences filed by Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd as they were found to be not suitable. Dvara KGFS (Kshetriya Gramin Financial Services), backed by impact investor Leapfrog and Stakeboard Capital, is

17 Apr

RBI turns down two small finance banks’ licenses

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The Reserve Bank of India (RBI) on April 12 said it has rejected two small finance banks licences filed by Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd as they were found to be not suitable. Dvara KGFS (Kshetriya Gramin Financial Services), backed by impact investor Leapfrog and Stakeboard Capital, is

The Reserve Bank of India (RBI) has proposed to permit the linking of prepaid payment instruments (PPIs) with third-party unified payments interface (UPI) applications to make the digital wallet market interoperable. The move, outlined in the RBI’s statement on developmental and regulatory policies, means wallet holders will no longer have to depend on PPI wallet

09 Apr

RBI to allow 3rd-party apps for UPI payments via PPI wallets

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The Reserve Bank of India (RBI) has proposed to permit the linking of prepaid payment instruments (PPIs) with third-party unified payments interface (UPI) applications to make the digital wallet market interoperable. The move, outlined in the RBI’s statement on developmental and regulatory policies, means wallet holders will no longer have to depend on PPI wallet

The Monetary Policy Committee meeting of RBI is scheduled to be held on 5th April 2024 when there is speculation about change in the REPO Rate. Here are the excerpts from the opinions from different sections of people. Foreign brokerages and banks expect the Monetary Policy Committee (MPC) to keep the repo rate unchanged at

02 Apr

MONETARY POLICY COMMITTEE MEETING DT. 5TH APRIL 2024

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The Monetary Policy Committee meeting of RBI is scheduled to be held on 5th April 2024 when there is speculation about change in the REPO Rate. Here are the excerpts from the opinions from different sections of people. Foreign brokerages and banks expect the Monetary Policy Committee (MPC) to keep the repo rate unchanged at