Shayan Ghosh

Modi said the trinity of Jan Dhan, Aadhaar and mobile have broken down the mentality of ‘cash is king' and made way for approximately half of the digital transactions in the world taking place in India

Mumbai, Aug. 31 -- Prime Minister Narendra Modi on Friday said that India's fintech industry was set to grow more as he stressed the importance of curbing cyber fraud and raising digital literacy....

Mumbai, Aug. 31 -- Prime Minister Narendra Modi has said that India's financial sector regulators need to do more to curb cyber fraud and raise the level of digital literacy....

The regulator wants such self regulators—two more applications are being looked into—to act as bridges between RBI and the sector, keeping it updated on developments as well as pointing out violations

Under governor Shaktikanta Das, RBI has taken a tough stance against non-compliance, even taking on some of the biggest names in the financial services space

For years, non-performing assets plagued them, but banks have now managed to contain these NPAs, with their gross bad loan ratio at a 12-year low of 2.8% in March. While that may seem like music to the ears, it's not great news if you're an asset recovery company.

Some HDFC Bank board members were keen on the deal, but after much debate, the board took a collective call to not risk missing the listing deadline, people aware of the development said. HDBFS is mandated to go public by September 2025, as per RBI guidelines

Mumbai, Sept. 11 -- An internal contest that Axis Bank held last year to reward top performers generating business has come under the scanner of the Reserve Bank of India (RBI).

Mumbai, Sept. 11 -- An internal contest that Axis Bank held last year to reward top performers generating business has come under the scanner of the Reserve Bank of India (RBI)....

The regulator has informed the bank that such a scheme violates existing regulatory guidelines. According to the regulator’s initial observations sent to the bank, these incentives were over and above the variable pay of its employees.