BANKING & FINANCE
Compliance Matters: The Inside Story Of Paytm Bank Licence Cancellation
In one of the toughest regulatory actions in India’s fintech space, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with effect from April 24, 2026, citing persistent non-compliance and serious governance concerns. The move effectively shuts down the payments bank and sets in motion a winding-up […]
CW Bureau
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Apr 26, 2026
BANKING & FINANCE
Poonawalla Fincorp Raises ₹2,500 Cr, Attracts Strong Institutional Interest
Poonawalla Fincorp Ltd (PFL) has announced the successful completion of its qualified institutions placement (QIP), raising ₹2,500 crore. The issue saw strong participation from institutional investors and long-term funds, reflecting continued confidence in the company’s strategy and growth outlook. Issue details and pricing The company issued 67,430,883 equity shares of face value ₹2 each to […]
CW Bureau
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Apr 14, 2026
STARTUP/TECHNOLOGY
IDPIC Names K S Raju To Lead India’s Digital Payment Fraud Intelligence
Indian Digital Payment Intelligence Corporation (IDPIC) has appointed K Satyanarayana Raju as its Managing Director and Chief Executive Officer. Strengthening digital payment security IDPIC is India’s central AI-driven platform focused on detecting, analysing and preventing real-time digital payment fraud. It leverages advanced technologies such as artificial intelligence, machine learning and big data analytics to enhance […]
CW Bureau
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Apr 11, 2026
BANKING & FINANCE
India’s Net External Liabilities Narrow On Strong Overseas Asset Build-Up
India’s external balance sheet strengthened in the third quarter of FY26, with net claims of non-residents declining sharply, reflecting a faster expansion in overseas assets held by residents compared to foreign investments into the country. Net IIP improves on faster asset accumulation According to the Reserve Bank of India’s data on India’s International Investment Position […]
CW Bureau
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Mar 31, 2026
BANKING & FINANCE
RBI Eyes Enhanced Safety In Digital Payments Under Its Vision 2028
India’s banking regulator, the Reserve Bank of India (RBI), is considering measures to enhance safety in digital payments, including enabling customers to switch transactions on or off across digital payment modes through issuer channels. According to Payments Vision 2028, released by the RBI, the central bank also plans to introduce a shared responsibility framework under […]
CW Bureau
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Mar 29, 2026
ECONOMY
Plan Finalised: Centre Set To Borrow ₹8.20 Lakh Cr In First Half Of FY 2027
The Centre, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the first half (H1) of FY 2026–27. Under the plan, the government will mobilise ₹8.20 lakh crore through the issuance of dated securities. Revised Borrowing Estimates Post Budget The gross market borrowing for FY 2026–27 was initially estimated […]
CW Bureau
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Mar 27, 2026
RETAIL/FMCG
RBI Clears Bain Capital’s Joint Control In Manappuram Subsidiaries
Manappuram Finance Ltd on Thursday said its subsidiaries, Asirvad Micro Finance Ltd (AMFL) and Manappuram Home Finance Ltd (MHFL), have received approvals from the Reserve Bank of India for an indirect change in control and management by affiliates of Bain Capital. The regulatory clearances mark a key milestone in the proposed strategic investment, which is […]
CW Bureau
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Mar 19, 2026
BANKING & FINANCE
Gold Loans Turns Safe Bet; Muthoot Finance AUM Surges New High
For thousands of borrowers navigating tight liquidity conditions and limited access to unsecured credit, gold loans are increasingly emerging as a trusted and secure way to raise funds without lengthy approval processes. Riding this shift in customer behaviour, Muthoot Finance Ltd, the largest gold loan NBFC, has reported a record year in its core gold […]
CW Bureau
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Feb 19, 2026
BANKING & FINANCE
RBI Mulls Tighter Rules On Recovery Agents To Protect Bank Borrowers
The Reserve Bank of India (RBI) has released draft amendment directions aimed at tightening norms governing the conduct of commercial banks in the recovery of loans and the engagement of recovery agents. The proposed changes seek to enhance borrower protection, improve transparency and curb harsh recovery practices while strengthening accountability of banks for the actions […]
Sajan C Kumar
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Feb 12, 2026
ECONOMY
RBI Eases Grip On NBFCs, Signals Confidence In Regulatory Framework
The Reserve Bank of India’s latest monetary policy has delivered a targeted regulatory reset for the NBFC sector, aimed at reducing frictional compliance while preserving systemic safeguards. By recalibrating oversight for low-risk entities and simplifying branch expansion norms, the RBI is signalling that NBFC regulation has matured enough to shift from blanket control to risk-based […]
CW Bureau
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Feb 6, 2026
