The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts
The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers
Banking-system liquidity was in a surplus of Rs 3.61 trillion on Thursday, while the weighted average call rate settled at 5.09 per cent, central bank data showed
The Chief Economic Adviser said AI can improve credit assessment and risk detection in fintech, but firms must prioritise safety and security as adoption accelerates
Advances backed by eligible fresh FCNR(B) and NRE deposits mobilised during specified periods will be excluded from adjusted net bank credit used to determine PSL targets
The draft requires commercial banks to adopt the basic approach for credit valuation adjustment while offering simpler treatment to those with smaller derivatives books
Gold loans expanded 69.3 per cent and consumer durables credit grew 46.8 per cent, helping lift retail loans by 20.3 per cent to Rs 25.6 trillion by the end of June 2026
India's forex reserves rose $10.51 billion to $692.87 billion in the week ended July 31, led by a sharp increase in foreign currency assets and gold reserves
The long-delayed sale of the government's stake in IDBI Bank is also likely to conclude this fiscal year, potentially adding $2.5 billion to state coffers
At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close
India's household debt has climbed to a record level, with app-based lenders driving much of the growth through high-cost, short-term loans
Potential UPI MDR could boost revenues for dominant players like PhonePe and Paytm, while giving smaller apps a viable path to profitability and customer acquisition
The Taxation and Other Laws (Amendment) Bill, 2026, could pave the way for an MDR on UPI. Here's how MDR works, the current structure and what may change
RBI has retained Tata Sons in the FY27 NBFC upper-layer list while reiterating that its de-registration application remains under examination, prolonging uncertainty over listing
The RBI has deferred implementation of revised recovery norms to January 2027 and given regulated entities a year to certify existing recovery agents through the IIBF
The RBI has proposed restricting NBFCs to term loans and barring revolving credit products, except for those authorised to issue credit cards
The RBI's four-day VRRR auction attracted Rs 1.3 trillion in bids as it absorbed surplus liquidity, helping push overnight money market rates closer to the policy rate
Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades
The domestic currency weakened despite lower crude oil prices as lingering geopolitical risks offset support from easing energy costs
RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices