BANKING & FINANCE
RBI Fines Five-Star Business Finance ₹6.20 Lakh Over Compliance Lapses
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.20 lakh on Chennai-based non-banking financial company (NBFC) Five-Star Business Finance Ltd for deficiencies in regulatory compliance. The penalty relates to the company’s failure to implement a robust software system for effective identification and reporting of suspicious transactions. The central bank also flagged […]
CW Bureau
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Jun 20, 2026
BANKING & FINANCE
RBI, ECB Strengthen Central Banking Ties With Renewed Cooperation Pact
The Reserve Bank of India and the European Central Bank have signed a renewed Memorandum of Understanding (MoU) aimed at deepening cooperation in the field of central banking, signalling stronger institutional engagement between India and the Euro area amid evolving global financial dynamics. The MoU was signed by Governor of the Reserve Bank of India, […]
CW Bureau
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May 11, 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
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Apr 27, 2026
BANKING & FINANCE
Axis Max Life Insurance To Raise ₹389 Cr Via Preferential Issue To Axis Bank
Axis Max Life Insurance Ltd (formerly Max Life Insurance Co Ltd), a leading private insurer, has decided to raise ₹389 crore to support its future growth initiatives through a preferential issue of equity shares to Axis Bank. Accordingly, Axis Max Life will issue 2.51 crore equity shares of face value ₹10 each at a premium […]
CW Bureau
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Apr 3, 2026
BANKING & FINANCE
Emirates NBD Gets Reserve Bank Nod To Acquire Up To 74% In RBL Bank
Emirates NBD Bank PJSC has received approval from Reserve Bank of India to acquire up to 74% of the paid-up share capital in RBL Bank, marking a significant cross-border investment in India’s banking sector. As per the regulator’s communication, ENBD will be required to maintain a minimum 51% shareholding, while its voting rights will be […]
CW Bureau
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Apr 3, 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
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
ECONOMY
RBI Hits Pause, Shifts Focus To Liquidity and Credit Transmission
The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% marks a clear transition in its policy cycle, from aggressive easing to calibrated consolidation. With a 125 bps cumulative rate cut since February 2025, the Monetary Policy Committee (MPC) has created sufficient monetary headroom. The current stance suggests the RBI now […]
CW Bureau
·
Feb 6, 2026
