RBI identifies 17 NBFCs in upper layer under revised framework; Tata Sons stays on list
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
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The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
July was defined by Trump's $1.4 billion crypto disclosure, while in India the RBI stuck to its long-held position on cryptos.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
An inside look at the RBI’s quiet intelligence advisories to payment aggregators; and ohow Tamil Nadu has become one of the first states in India to carve out a dedicated space for AI...
Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.
The lenders would be permitted to deploy technology-based mechanisms to restrict functionalities of a borrower’s mobile device.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
In his new role as Executive Director, Gunveer Singh will oversee the Department of Payment and Settlement Systems.
The Reserve Bank of India has cancelled the licence of Paytm Payments Bank, bringing a long-running regulatory standoff to an end.
The RBI, in its note, said the "general character of the management of the bank is prejudicial to the interest of depositors as also the public interest."
This edition looks into how RBI will view Gupta's re-appointment as Fino Bank MD and CEO; and we also examine the energy cost of frivolous use of AI...
In this edition, we talk about whether the RBI is laying the framework for stablecoins; and the need to reinvent our 'Swadeshi' slogan as foreign AI companies set up shop in India.
Sep 19th Edition: We look at the RBI’s unified master directions on payment aggregators and what it means; and how AI companions could be the next big bets for Indian VCs.
In today's newsletter we have our take on Sahil Kini's shift from startup founder to policymaker, and India's journey towards potentially becoming the third pole in the AI universe.