Page 4 - Reserve Bank Of India

Home loan balance transfer: Higher residual principal tenure drive savings

A high credit score is critical as it enables the borrower to secure the new loan at an attractive rate

RBI clears Paytm arm PPSL as payment aggregator for offline transactions

Fintech firm One97 Communications on Thursday said its subsidiary Paytm Payments Services Limited (PPSL), has received authorisation from the Reserve Bank of India to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions. The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month. "Reserve Bank of India (RBI) on December 17, 2025 has authorised Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions (both inward and outward), in addition to the online Payment Aggregator authorisation already granted by RBI on November 26, 2025, under the Payment and Settlement Systems Act, 2007, Paytm said in a regulatory filing. With the new license, PPSL now holds Payment Aggregator authorisations across online, offline, and cross-border segment

RBI Guv Malhotra signals rates to stay low for 'long period': Report

The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said

RBI to act only if rupee volatility rises beyond a point: Neelkanth Mishra

Mishra said rupee is expected to average around 90 per dollar by June 2026 and weaken further to 92 per dollar by June 2027

HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank

The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue

Banks asked to offer basic services to customers at all branches

Lenders nudged to cut charges and maintain uniformity

Stablecoins can undermine trust in currency, financial system: RBI dy guv

Sankar highlighted that stablecoins do not serve any purpose that cannot be served by fiat money

Banks bring back in-person verification as digital fraud risks escalate

Banks are slowing down fully online account opening after a rise in mule accounts and digital fraud; lenders are now adding in-person checks and branch visits to make customer verification stronger

Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis

The seeds of the Fragile-Five debacle were sown by the Reserve Bank of India buckling under political pressure and cutting rates in 2012 amid soaring fiscal deficits and untamed inflation

Rupee hits fresh low on outflows and US trade deal delay; bond yields ease

Rupee depreciated to a fresh all-time low as foreign outflows and uncertainty over the US-India trade deal pressured sentiment, while an RBI OMO purchase auction helped soften government bond yields

PSBs eye M&A market but face talent, pay and regulatory hurdles ahead

Banks planning to enter this line of business need to prepare on several fronts, from raising payouts and hiring specialised talent to navigating potential governance challenges

RBI revises cash credit and overdraft norms to boost monitoring, discipline

The Reserve Bank of India has introduced revised norms governing cash credit, current and overdraft accounts, aiming to give banks greater operational flexibility while strengthening credit discipline

RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn

The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields

ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost

ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens

RBI proposes full disclosure of forex transaction costs for retail users

RBI has proposed that authorised dealers give retail users a full break-up of transaction costs for forex cash, tom and spot contracts, including all fees, exchange rates and conversion charges

SBI MD flags concerns on Account Aggregator's single consent mechanism

SBI managing director Ashwini Kumar Tewari on Wednesday expressed concerns over Account Aggregator's mechanism of obtaining a single consent from customers for all financial services products. Speaking at an event here, Tiwari argued that most customers do not read the fine print and often sign up without understanding the details. An Account Aggregator (AA) is a Reserve Bank of India (RBI) regulated entity that acts as a consent-based data intermediary. The Account Aggregator framework was introduced by the Reserve Bank of India (RBI) to enable the easy sharing of data between financial institutions for quicker decision-making. There are as many as 225 million users on AA at present. A single consent from the customer is used across all financial services products, including giving loans, signing up for wealth management or account openings, Tewari said at an event here. Customer consent is obtained only once; customers do not read the fine print before authorising and end up sig

Days after rate cut, RBI Governor Malhotra prods bank CEOs to lower costs

RBI Governor Sanjay Malhotra urged banks to lower intermediation costs, improve service quality, and strengthen fraud safeguards, citing faster transmission after recent rate cuts

RBI overlap relief averts 2-6% hit to bank groups' advances, says CRISIL

CRISIL said RBI's final guidelines allowing overlapping lending within bank groups avert a 2-6 per cent hit to advances for 12 large groups, while keeping key NBFC and ARC proposals

Airpay gets RBI nod to operate as cross-border payment aggregator

Airpay Payment Services on Tuesday said it has secured approval from the Reserve Bank of India to operate as a cross-border payment aggregator, completing its authorisations under the unified payment aggregator (PA) framework. With this, the company is licensed to operate as a payment aggregator across online, physical and cross-border categories, a company statement said. The milestone positions airpay as a homegrown full-stack payments infrastructure provider for Indian enterprises, D2C brands and SMEs for both domestic and global markets, it added. The company expects the launch to accelerate scale, projecting a 3040 per cent rise in processing volumes over the next 6-12 months and anticipating 20 per cent-plus revenue contribution from cross-border flows alongside onboarding over 50,000 merchants in the same period. "Indian business growth is no longer domestic-only. Our exporters, SaaS firms, digital merchants and local retailers are all engaging globally, and they need ...

Fino Payments Bank will adopt a cautious approach to lending: MD & CEO

Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core