Citi's Vis Raghavan says India must become an AI-native nation, while highlighting strong pipelines for IPOs, M&As and cross-border deals amid growing global uncertainties.
Banks are tightening merchant onboarding and payout checks at fintech firms amid rising cyber fraud risks and record digital payment volumes during the festive season
Central bank retains existing transaction limits for cash-based remittances, mandates additional authentication and strengthens safeguards against suspicious transfers
SBI, Axis Bank and Bank of Baroda plan to reinvest proceeds from the proposed UPI MDR levy in technology, security, infrastructure and merchant expansion rather than boost profits
SBI, HDFC Bank, ICICI Bank and other lenders will observe regional holidays for Diwali and related festivities; check the city-wise list, when branches will reopen and which services remain available
Dhanteras marks the beginning of the 5-days of Diwali. Meanwhile in banks, customers are advised to check their local holiday calendar before heading to their bank branch in Diwali days
Outstanding gold loans at NBFCs rose 66.1 per cent year-on-year in September, outpacing other retail segments, while concerns emerged over lending to borrowers with overdue loans
The IFC loan will support about 864,000 rural women across agricultural value chains, with up to 90 per cent of financing directed towards women borrowing through self-help groups
The partnership will use J.P. Morgan Payments' Xpedite solution to enable direct local-currency settlements and reduce the need for intermediary currency conversions
Uday Kotak expects another 50-75 basis points of repo rate hikes and warns of prolonged Middle East risks, but sees Indian equities well placed to attract foreign investors.
The revised directions mandate annual system audits, source code safeguards and stricter oversight of third-party ATM switch providers, with immediate effect for large and medium PSOs.
India's cybersecurity watchdog has flagged an escalating AI-powered campaign targeting banks, NBFCs and fintech firms, with attackers exploiting payment APIs to carry out unauthorised fund transfers
The Technical Consultative Committee for Financial Markets, headed by Deputy Governor Rohit Jain, will meet at least once a quarter to discuss policy, operational and market infrastructure issues
Sidbi raised ₹5,607 crore through five-year bonds against a planned ₹6,000 crore issue, attracting bids worth over ₹13,300 crore amid a rally in the government bond market
