Sumit Madan talks about RBI's proposed guidelines on mis-selling and their likely impact on the company and the sector, the firm's business plans going forward, among other issues
From a customer perspective, the stricter norms are welcome, industry executives said
The rupee was headed for a largely flat open before the unexpected intervention, with Asian peers showing little reaction to the upside surprise in US payrolls
Draft norms seek to curb mis-selling by barring incentives from third parties, mandating refunds and compensation, and prohibiting use of dark patterns
Under a proposed one-time framework, RBI plans to compensate customers for small-value digital frauds up to Rs 25,000, with the central bank and banks sharing the cost
The country's holdings of long-term US debt had dropped to a five-year low of $174 billion as of November, down 26 per cent from a 2023 peak, according to US government data
The Reserve Bank of India's (RBI) proposed norms, which had been under discussion with banks since 2022
The central bank has lowered benchmark borrowing costs by a cumulative 125 basis points since February 2025
The swap involves the RBI buying dollars and injecting rupees in the first leg, which will be settled on Friday, before reversing the transaction three years down the line
Despite falling fraud rates in cards and UPI, India must pursue a zero-fraud goal to protect trust and expand digital payments, RBI Deputy Governor T Rabi Sankar said
The RBI's actions throughout the year mark a decisive shift towards principle-based regulation and systematic rationalisation of legacy instructions
RBI Governor Sanjay Malhotra chaired the meeting
RBI has released the December 2025 bank holiday list, detailing when the banks will be closed across states for regional and national festivals
India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent
At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments
The Delhi Govt has announced a public holiday on Nov 25 on account of the 350th Shaheedi Diwas. Therefore, many are wondering if banks will also be closed on that day. Let's find out here
Financial stability remains the 'North Star' for the central bank
Multiple states will mark a bank holiday on Nov 5, 2025, due to Guru Nanak Jayanti and Kartik Purnima. The RBI has confirmed to seek clarity on which states will be affected by this holiday
We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar
Upcoming digital platform has the potential to achieve transformative impact of UPI, says Swaminathan J