Page 5 - Reserve Bank Of India

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

Rate Cut effect: PFC, Sidbi plan to raise ₹11,000 crore from bond market

PFC had earlier withdrawn a Rs 3,000 crore three-year bond issuance on November 25 due to elevated corporate bond yields

We expect deposit rates to moderate after this rate cut, says RBI

RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission

RBI's 25-bps repo rate cut may revive housing demand as EMIs ease

The rate cut comes at a time when housing sales across the top Indian cities are moderating, with affordability concerns being one of the key factors behind the plateauing

Unclaimed deposits in Oct reduced by ₹760 cr: RBI deputy guv S C Murmu

Unclaimed deposits fell by ₹760 crore in October as RBI pushes awareness drives, improves UDGAM access, and plans a two-month campaign to clear pending grievances from January 2026

Retail CBDC transactions hit 120 mn, value crosses ₹28,000 crore: RBI DG

Retail CBDC transactions in India have crossed 120 million with a value of over ₹28,000 crore, as RBI works on programmability, new use-cases, and future cross-border capability

Board approval must for bank entities to do same business, says RBI

RBI says bank's NBFC group entities that have not been independently identified as NBFC-Upper Layer are now exempted from listing

Under pressure bank NIMs to squeeze further after RBI's 25 bps cut

Banks may face further margin pressure as repo-linked loan rates reset faster than deposits, though liquidity support and CRR cuts could soften the impact in Q4

RBI cuts repo rate 25 bps to 5.25%, keeps stance neutral as inflation eases

RBI on Wednesday cut the repo rate by 25 bps to 5.25 per cent and kept its stance neutral, while announcing ₹1 trillion OMO purchases and a $5 billion USD/INR buy-sell swap this month

RBI's ₹1 trn OMO purchase to add liquidity: What is it and why it matters

RBI will inject durable liquidity through a ₹1 trillion OMO purchase and a $5 billion dollar-rupee swap. Here is what OMOs are, how they work, and why they matter as the rupee weakens

RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes

RBI said FBB exposures to head offices and their branches will fall under LEF, while exposures to other group entities move to the ITE framework, with gross calculation retained

RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures

By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee

Short-covering drives rupee towards 90 vs dollar as pressure returns

Hits new closing low of 89.88/$; Hits 89.96/$ intraday

RBI policy in a season of contradictions: Mixed signals ahead of December 5

HSBC economist argues GDP overstated, inflation structural, and currency depreciation acts as a needed shock absorber

In a first, complaints against private banks exceed PSBs in FY25

Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply

NSFI 2025-30: Strengthening last-mile access, improving financial services

RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit

Razorpay secures RBI's PA-CB licence to enable cross-border payments

Razorpay has received RBI's PA-CB licence, allowing Indian businesses to send and receive cross-border payments easily, supporting exporters and global firms

India's current account deficit moderates to 1.3% of GDP in Q2FY26

India's current account deficit narrowed sharply in Q2FY26 on lower trade gaps and strong remittances. But a spike in gold imports in October could push the Q3 deficit above 2.5 per cent of GDP

RBI Deputy Governor bats for T20 agility, Test stability in finance

RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket