Small Finance Banks

RBI sets up committee to evaluate universal banks, SFB applications

RBI sets up committee to evaluate universal banks, SFB applications

21 Jan 2025, 03:47 AM

The Standing External Advisory Committee has been set up by RBI to assess the eligibility of applicants seeking to operate as universal banks and small finance banks.

RBI allows small finance banks to offer credit line on UPI

RBI allows small finance banks to offer credit line on UPI

07 Dec 2024, 02:36 AM

RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.

Fintech Highlights

  1. Jio Financial pumps Rs 190 crore into payments bank

  2. Net1 exits MobiKwik after 8-year investment, books a loss

  3. PB Fintech co-founders sell over Rs 900 crore worth of shares

  4. Pazy secures pre-seed funding led by Inuka Capital

  5. IndiaBonds bags Rs 32.5 crore in first external funding
  6. Read more highlights...

AI/Emerging Tech

  1. AI Mode, ChatGPT or Perplexity - who's best at keeping kids active indoors on hot days

  2. Over 40% of agentic AI projects to be scrapped by 2027-end: Gartner

  3. At a Glance: AI Data Labeling companies beyond Scale AI

  4. Darwix AI bags seed funding

  5. Google plans to snap ties with Scale AI after Meta's "significant" investment
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case