BANKING & FINANCE RBI Keeps Repo Rate Unchanged At 5.25%, Retains Neutral Policy Stance

The Reserve Bank of India (RBI) on Wednesday left the benchmark repo rate unchanged at 5.25% for the second consecutive policy review, opting to balance inflation risks against a resilient domestic economy amid an increasingly uncertain global environment. The six-member monetary policy committee (MPC), chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the […]

CW Bureau · Aug 5, 2026

BANKING & FINANCE Equitas SFB Next Big Leap: Universal Bank Licence Under Its Consideration

Equitas Small Finance Bank (SFB) has begun internal deliberations on applying for a universal banking licence and believes it is technically compliant with the Reserve Bank of India’s (RBI) eligibility norms, though the lender has not set a timeline for filing the application. Speaking during the bank’s Q1 FY27 post-results analyst call, Equitas Small Finance […]

CW Bureau · Aug 1, 2026

BANKING & FINANCE How RBI’s New Deposit Pricing Rules Will Reshape The Bank Competition

The Reserve Bank of India (RBI) has rewritten the rules governing interest rates on bank deposits, giving lenders greater flexibility to price bulk deposits while simultaneously tightening disclosure norms to improve transparency. The changes, which come into effect from October 1, 2026, are expected to make the wholesale deposit market more market-driven and better aligned […]

Sajan C Kumar · Jul 31, 2026

BANKING & FINANCE TVS Motor Buys 4.39% Stake Of TVS Credit For ₹711 Cr From Lucas-TVS

TVS Motor Company Ltd has increased its stake in subsidiary TVS Credit Services Ltd (TVS CS) to 85.15% by acquiring 4.39% equity from Lucas-TVS Ltd for an aggregate cash consideration of ₹711 crore. The transaction involved the acquisition of 1,13,37,297 equity shares of TVS Credit Services and was completed on July 27, 2026, the company […]

CW Bureau · Jul 27, 2026

INFRASTRUCTURE Bharti Airtel Bets On AI, Cloud And Data Centres To Drive Growth

Bharti Airtel Ltd., one of India’s leading telecommunications and digital services provider, is strengthening its presence in financial services, data centres and cloud computing as part of its strategy to build new growth engines beyond telecom, said Chairman Sunil Bharti Mittal. In his letter to shareholders, Mittal said Airtel’s calibrated investments over the past few […]

CW Team · Jul 12, 2026

RETAIL/FMCG Inspira Global Buys 41.78% Stake In Restaurant Brands Asia For ₹2,235 Cr

Inspira Global has acquired a 41.78% stake in Restaurant Brands Asia Ltd. (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, for ₹2,235 crore through its food and beverage platform, Lenexis Foodworks Pvt. Ltd. Upon conversion of all warrants, Inspira Global’s stake will increase to 48.04% through an additional […]

CW Bureau · Jul 8, 2026

ECONOMY GJEPC Urges RBI To Ease Banking Norms For Gem & Jewel Exporters

The Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body for the gem and jewellery industry, has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to improve the competitiveness of India’s gem and jewellery exports. The recommendations focus on improving exporters’ access to working capital, […]

CW Bureau · Jun 26, 2026

STARTUP/TECHNOLOGY MobiKwik Receives RBI Go-Ahead For Offline Payment Aggregator Business

One MobiKwik Systems Ltd has received in-principle approval from the Reserve Bank of India for its Payment Aggregator–Physical (PA-P) licence, enabling the fintech company to strengthen its offline merchant payments business across the country. The approval marks a significant milestone in MobiKwik’s expansion as a full-stack fintech platform offering payments and financial services to both […]

CW Bureau · May 26, 2026

STARTUP/TECHNOLOGY MobiKwik Group Secures RBI Nod For NBFC Licence, To Set Up Lending Arm

Reserve Bank of India (RBI) has approved the application of One MobiKwik Systems Ltd group’s application for a Non-Banking Financial Company (NBFC) licence, enabling the group to expand its regulated lending operations. The licence will facilitate the launch of a new lending division, MobiKwik Financial Services Pvt Ltd (MFSPL), a wholly owned subsidiary, aimed at […]

CW Bureau · Apr 27, 2026

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 · 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 · 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 · Apr 11, 2026