Representatives from industry bodies such as Self-Regulatory Organizations (SROs), Sa-Dhan, Micro Finance Institutions Network (MFIN), and Finance Industry Development Council (FIDC) also participated in the discussions.
Author: BNW News
RBI lifts business restrictions on Kotak Mahindra Bank
The RBI’s directive was a response to supervisory concerns identified during regulatory reviews.
RBI expands UPI to include pre-sanctioned credit lines from banks and SFBs
Banks and SFBs can establish their own terms and conditions for these credit lines, in accordance with their Board-approved policies. These terms may cover aspects such as credit limits, tenure, interest rates, and other related conditions.
Retail Inflation Eases to Five-Month Low of 4.31% in January
The drop in inflation comes just a week after the Reserve Bank of India’s Monetary Policy Committee (MPC) announced the first rate cut in five years
RBI to Issue New ₹50 Banknotes Bearing Governor Sanjay Malhotra’s Signature
This move is part of the RBI’s routine currency issuance process, which includes updates to banknotes to reflect changes in governance while maintaining consistency in design for ease of public recognition.
Easebuzz Secures Final RBI Approval to Operate as Online Payment Aggregator
With the RBI’s green light, Easebuzz can now expand its suite of fintech offerings, including payment collection, disbursement, reconciliation, and financial automation tools.
Uttar Pradesh Poised to Become USD 1 Trillion Economy: PHDCCI
Uttar Pradesh is on track to becoming a USD 1 trillion economy, driven by robust economic growth, improved ease of doing business, and significant investments in infrastructure, according to a report released by the PHD Chamber of Commerce and Industry (PHDCCI).
RBI doubles OMO purchase amount to ₹40,000 crore on liquidity review
In its earlier announcement, dated February 7, 2025 (Press Release 2024-2025/2106), the RBI had planned to conduct OMO purchases totaling ₹20,000 crore on February 13, 2025.
WazirX Completes Asset Rebalancing, Distribution Set to Begin Post User Approval
According to the company, the distribution process will commence within 10 business days after the scheme becomes effective, subject to court timelines.
Delhi polls: BJP sweeps Purvanchali, Punjabi strongholds
The BJP, which returned to power in Delhi after more than 26 years, managed to make inroads in constituencies dominated by various regional and socio-economic class of voters, including Purvanchalis, Sikhs, Jats,…