National Payments Corporation of India (NCPI) is examining the request from Paytm to become a third-party application provider to facilitate 4 - 5 banks to act as service providers. 

Paytm Payments Bank: Vijay Shekhar Sharma Resigns From Board

India’s famous fintech company, Paytm founder Vijay Shekhar Sharma, has stepped down from the…
27 February 2024, • < 1 mins read
Paytm has a wide user base in the country so it is obvious that users might be concerned about their money.

RBI Restrictions on Paytm Payments Bank for Accepting Deposit; Shares Down 36%

India’s famous fintech company One97 Communications Limited Brand “Paytm” is under RBI’s restrictions. Reserve…
2 February 2024, • < 1 mins read
Instances have been observed where regulated entities used AIFs to fund stressed loans, thus delaying their classification as non-performing assets (NPAs).

RBI Tightens Investment Norms for Lenders in Alternative Investment Funds

The RBI has taken firm steps to combat the practice of renewing troubled loans.…
20 December 2023, • 2 mins read
LTFH anticipates improved governance, better utilisation of management resources, consolidated systems, enhanced controls, and reduced administrative costs.

L&T Finance Holdings Completes Merger of Its Subsidiaries to Create Unified Lending Entity

L&T Finance Holdings Ltd (LTFH) has announced the successful consolidation of its following subsidiaries…
5 December 2023, • 2 mins read
A key feature of this quarter's economic expansion is the prominent impact of government expenditure, which experienced a notable 12.4% rise year-over-year.

India’s Economy Soars in Q2: Surpassing Expectations and Leading Global Growth

In the July-September quarter of the 2023-24 fiscal year, India’s economy demonstrated remarkable progress,…
1 December 2023, • 2 mins read
The RBI's approval for SBI Mutual Fund to acquire a substantial stake in Karur Vysya Bank comes with stringent yet crucial conditions aimed at regulatory compliance.

RBI Permits SBI Mutual Fund to Acquire 10% Stake in Karur Vysya Bank

In a significant move on November 29, the Reserve Bank of India (RBI) granted…
30 November 2023, • 2 mins read
Back on June 26, ICICI Bank disclosed its intention to review a proposal for the delisting of ICICI Securities, a subsidiary of the bank.

NSE and BSE’s Nod to ICICI Bank for Delisting ICICI Securities

Formal Notification of Exchange Approval for Delisting ICICI Bank disclosed on November 29 that…
30 November 2023, • 2 mins read
This penalty, enforced under the provisions of the Banking Regulation Act 1949, aims to address deficiencies in regulatory compliance.

RBI Levies Rs 90.92 Lakh Fine on Axis Bank for Regulatory Non-Compliance

The Reserve Bank of India (RBI) has levied a significant fine of Rs 90.92…
17 November 2023, • < 1 mins read