Reserve Bank of India

India’s private banks’ NIMs contract 32  basis points in Oct-Dec 2023

Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.

India’s private banks’ NIMs contract 32  basis points in Oct-Dec 2023

Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.

India assures banks it’s ready to manage outflow of Russian funds: report

Russian companies have accumulated billions of rupees in local banks.

India tightens rules for digital lending

Lenders may no longer increase credit limits without the consent of the borrower.

Singapore, India to link PayNow, UPI payment systems by mid-2022

Fund transfers from India to Singapore will only need mobile phone numbers.

India mulls phased roll out of central bank digital currencies: report

Its launch will require legal changes to the nation’s foreign exchange and IT rules.

India’s private banks to widen gap with state peers when economy rcovers: report

Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.

India bans Mastercard from issuing new cards in the country

Mastercard has not complied with data storage rules, the Reserve Bank of India said.