Finance Industry Development Council has sought a meeting with the central bank
From fintech to urban cooperatives, a host of industry associations have expressed interest in becoming self-regulatory organisations
The micro-ATM channel has held its own despite growth in digital payments and pricing not being raised
Sector has overcome the after-effects of the pandemic; its credit crossed the Rs 50 trn mark in FY25
A key feature of the exercise will be adherence to norms on the proportion of variable pay in total compensation
Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion
Adherence to variable and deferred remuneration norms is under scrutiny
The first signs of change in the way the sector looks at itself are upon us
Business correspondent firms' revenues are under stress as banks get tough with them to meet targets
Firms that create differentiated risk assessments and invest in quality solutions will win, say industry executives
The country's largest WLAO, India1, with a tad over 13,000 units, feels it can double deployments by FY28
Recent RBI actions many increase companies' operational cost for but there is enough headroom for growth, say experts
Sector is expected to grow further as credit demand grows, say senior executives
higher cash withdrawal may cost more
Demand for cash has increased as e-commerce, retail firms expand. Cash-on-delivery accounts for more than 60% of e-commerce payments
Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot
The risk is that there could be a multiplicity of SROs, leading to pull and push pressures
Mint Road's nudge to NBFCs to diversify their funding will change the game. NBFCs claim they have been caught off guard, but the issue was flagged by RBI Governor
RBI issues, manages currency through 19 offices, currency chests, small coin depots
Cassette-swap is a lockable mechanism that does away with open cash replenishment. The upgrade is stuck over installation cost