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Paytm gets RBI nod for payment aggregator licence; what's the road ahead? | Paytm stock

The Reserve Bank of India has granted in-principle approval to Paytm Payments Services to operate as an online payment aggregator, ending a nearly three-year regulatory freeze.

RBI's AI panel calls for balancing innovation with risk mitigation

Seven sutras outlined for fair, transparent, and safe AI adoption

Banks to clear cheques within few hours from October 4, says RBI

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours. Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days. To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'. The Reserve Bank of India (RBI) has issued a circular for introduction of Continuous Clearing and Settlement on Realisation in CTS. "It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shal

Monetary Policy Committee likely to get a new member before October meet

Indranil Bhattacharyya will take over as executive director in charge of the monetary policy department as Rajiv Ranjan is set to retire

Paytm secures RBI nod for payment aggregator licence after AntFin's exit

Notably, the new development comes after China's Ant Financial exited the company last week, selling its entire 5.84 per cent stake for around ₹3,803 crore

RBI allows NRIs to invest rupee surplus in vostro accounts in G-secs

The Reserve Bank of India (RBI) on Tuesday said non-residents maintaining special rupee vostro accounts (SRVA) can invest surplus balances in central government securities (G-secs). "Persons resident outside India that maintain a SRVA for international trade settlement in Indian Rupees -- may invest their rupee surplus balance in the aforesaid account in central government securities (including Treasury Bills)," the central bank said in a notification. In a communication to all authorised dealer category-I banks, it said the directions take effect immediately and asked the banks to communicate the same to their clients. The RBI said operational instructions in this regard have been incorporated in the 'Master Direction' on the subject. The SRVA accounts are usually opened by foreign entities with an Indian bank to help settle international trade transactions in rupee. The notification comes days after the RBI simplified the process to open the SRVAs in an effort to boost rupee ...

India Inc files ECB intent worth $3.48 billion in June, shows RBI data

Indian firms filed proposals to raise $3.48 billion in June via ECBs, with Mumbai International Airport, NTPC, Tata Electronics, and Adani Airport among top applicants

RBI says re-KYC completed for over 3.5 mn accounts in FI campaign

RBI reports 3.5 mn bank accounts have completed re-KYC during nationwide financial inclusion camps running from July to September 2025 at Gram Panchayat level

RBI leaves it to banks to decide minimum balance rule:What it means for you

After ICICI hiked minimum balance for new accounts, RBI says banks can set their own rules, making it crucial for customers to compare terms before opening a savings account.

Fiscal policy must match banking reality in bad loans amid economic shifts

The new framework introduces a principle-based regime, harmonises treatment across banks and non-banking financial companies (NBFCs)

RBI proposes standardised forms for claim settlement of deceased customers

The RBI plans to standardise forms to process claims on deceased customers' bank accounts and lockers within a 15-day timeframe and provide compensation to nominees for any settlement delays. The Reserve Bank of India (RBI) proposes to come out with standard procedures for the settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. The aim is to make the settlement more convenient and simpler. Towards this, the central bank has issued 'Draft Circular - Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025' and invited comments and feedback on it by August 27. "A bank shall use the standardised forms for receiving the claims and other documents...," said the draft. It also has provisions for compensation for delay in the settlement of claims. In case a nominee has been provided in deposit accounts or lockers, he or she would have to submit a claim form,

Banks roll over maturing VRRR amount; overnight WACR breaches repo rate

On Friday, the RBI conducted two VRRR auctions, one for six-day tenure and another for three-day tenure, to withdraw a total ₹3 trillion from the banking system

Treasury bills: Use SIP to smooth rate volatility, invest steadily

Investors with regular income, short-term goals, and a strong need for capital preservation may go for T-Bills

Credit growth rose to 10% in July 25 fortnight, deposit growth at 10.2%

Retail credit moderation and rising bond yields impact bank lending growth, as credit rises 10 per cent and deposits grow 10.2 per cent in the fortnight ended 25 July

RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches

The Reserve Bank fined ICICI Bank for violations related to property valuation and current account operations, citing non-compliance without impacting customer transactions

RBI keeps repo rate steady, AU Small Finance Bank big upgrade, LIC eyes general insurance & more

The Reserve Bank of India’s rate-setting committee unanimously decided to keep the key repo rate steady at 5.5%. The central bank also maintained a neutral policy stance.

Forex reserves decline $9.32 billion to $688.87 billion, shows RBI data

India's forex reserves dropped by USD 9.322 billion to USD 688.871 billion for the week ended August 1 in one of the highest declines in the recent past, the RBI data showed on Friday. The overall reserves rose by USD 2.703 billion to USD 698.192 billion in the previous reporting week. For the week ended August 1, foreign currency assets, a major component of the reserves, decreased by USD 7.319 billion to USD 581.607 billion, according to the data. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves decreased by USD 1.706 billion to USD 83.998 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 237 million to USD 18.572 billion, the apex bank said. India's reserve position with the IMF was also down by USD 59 million at USD 4.694 billion in the reporting week, the apex bank data showed.

AU Small Finance Bank up 7%; first SFB to get RBI's universal bank approval

AU Small Finance Bank's share price was trading 1.7 per cent higher at ₹755.8 per share on the NSE

India inflation likely dropped to an eight-year low in July: Poll

The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was 'more benign'

RBI to conduct two VRRR auctions to absorb ₹3 trillion from system

RBI will hold two VRRR auctions on Friday with six-day and three-day tenures to absorb excess liquidity from the banking system, which has a surplus of Rs 4 trillion