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New Delhi: Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the RBI has conceptualised a Unified Market Interface (UMI) and work is underway to develop standards for customer onboarding on digital platforms. Addressing the Global Fintech Fest 2025 event here, Malhotra also said that the proposed “Unified Lending Interface (ULI) aims to…
New Delhi: Around Rs 8 trillion in credit has been disbursed to India’s micro, small and medium enterprises (MSMEs) over the past three years, backed by the RBI and government policies, helping them access finance, expand business, and participate more effectively in public procurement, Girish Luthra, President, FICCI-CMSME. “RBI, together with the Government of…
Kathmandu: The Reserve Bank of India’s (RBI) decision to allow certain Indian banks to lend to residents of Nepal, Bhutan, and Sri Lanka in Indian rupees could offer new financing alternatives for Nepali businesses, some of the country’s leading experts believe. On October 1, the RBI announced that it would allow Authorised Dealer (AD) banks…
No news Business ‘Your Money, Your Right’: Nirmala Sitharaman Launches Nationwide Campaign On Unclaimed Financial Assets — What Is It? New Delhi46 minutes ago Copy link The campaign will start from 4 October 2025 and run till December 2025. Finance Minister Nirmala Sitharaman started a ‘capital, your right’ campaign from Gandhinagar in Gujarat today (4…
New Delhi: The Reserve Bank of India (RBI) is set to transform the country’s cheque clearing system with a major overhaul. From October 4, 2025, the existing batch-processing system which takes up to two working days will be replaced by a continuous clearing and settlement on realization framework. This marks Phase 2 of the RBI’s…
New Delhi: Global brokerage firm Morgan Stanley on Wednesday said that the Reserve Bank of India (RBI) could start reducing interest rates as early as December this year, with another cut expected in February 2026. The report suggests that the repo rate, which currently stands at 5.50 per cent, may gradually come down to 5…
New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday reiterated that the central bank has no proposal to impose a fee on transactions done through Unified Payments Interface (UPI). The governor’s clarification came during his address after the post-Monetary Policy Committee (MPC) meeting. Malhotra stated that he had never said UPI could…
No news Business RBI Raises IPO Loan Limit To Rs 25 Lakh, Eases Lending Rules For Banks, UPI To Remain Free Of Any Charges New Delhi12 minutes ago Copy link The RBI also allowed banks to give loans to Indian companies for the acquisition of another company. The Reserve Bank of India (RBI) took several…
New Delhi: The Reserve Bank of India (RBI) is all set to announce its October Monetary Policy Committee (MPC) decision today. RBI Governor Sanjay Malhotra will deliver the verdict at 10 am. The RBI’s policy announcement will be streamed live on its official YouTube channel, X handle, and website. Later at noon, a detailed press…
New Delhi: The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan. Speaking on the possible impact of such a…