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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

RBI turns down two small finance banks’ licenses

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

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

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

MONETARY POLICY COMMITTEE MEETING DT. 5TH APRIL 2024

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

The country’s Apex Bank, Reserve Bank of India (RBI) might take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager.  Here are the details: In March

RBI likely to Raise Foreign Cap through Dollars

The country’s Apex Bank, Reserve Bank of India (RBI) might take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager.  Here are the details: In March

Nearly two years after introducing a revised regulatory framework for non-banking finance companies, the Reserve Bank of India is set to review the categorisation of NBFCs in 2024. According to sources aware of the matter, the review has become necessary given the NBFCs growth, their business models and the significant change in their operations from

RBI may move some NBFCs to the ‘top layer’ this year

Nearly two years after introducing a revised regulatory framework for non-banking finance companies, the Reserve Bank of India is set to review the categorisation of NBFCs in 2024. According to sources aware of the matter, the review has become necessary given the NBFCs growth, their business models and the significant change in their operations from