Reserve Bank of India

After a wait of nearly 15 months, the Reserve Bank of India (RBI) has granted an in-principle approval to Prosus-backed fintech firm PayU to operate as a Payment Aggregator (PA) and resume onboarding new merchants. In January last year,…

On the evening of January 31, the Reserve Bank of India (RBI) dealt a severe blow to Paytm Payments Bank, imposing stringent restrictions effective February 29. The unprecedented measure prohibits the bank from engaging in any banking…

In a recent development, the Reserve Bank of India (RBI) has expressed growing concerns over the rising Credit-Deposit (CD) ratios observed in various banks. Of particular note is the revelation that the CD ratio for some small finance…