Tag: RBI

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P2P sector: P2P sector sitting on Rs 1,163 crore of bad loans: RTI filing shows

The total bad assets in the peer-to-peer (P2) lending sector have shot up to Rs 1,163 crore as of March 2024, a Right...

RBI: RBI plans 2025 launch of cloud services, countering dominance of global firms

India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to...

Fintech: Fintech firms’ NBFC co-lending biz under stress after RBI action

Fintech firms which rely on co-lending partnerships with large non-banking finance companies (NBFCs) could be in for more stress, after the Reserve Bank...

India cenbank chief warns against financial stability risks from growing use of AI

The RBI Governor that the use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and...