Reserve Bank of India

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Razorpay: Need till 2026 to hit full profitability, expect to grow by 50% over previous year: Razorpay CEO

Digital payments firm Razorpay is seeking Reserve Bank of India approval to move its parent company’s domicile to India from the US. The...

Software

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...

Software

PhonePe: ETtech Explainer: Behind PhonePe call to end third-party deals

Online payments major PhonePe has informed its merchants that its payments solutions will be offered to them through direct integrations, thereby stopping all...

Software

Navi Finserv Limited: RBI lifts restrictions on Sachin Bansal’s Navi Finserv

The Reserve Bank of India (RBI) on Monday said it is removing the restrictions on Sachin Bansal founded fintech startup Navi Finserv following...

Software

PhonePe: PhonePe ends pact with Juspay, stops third-party integrations for merchant payments

Digital payments major PhonePe has decided to discontinue its partnership with payment orchestration platform Juspay. Instead, the Walmart-backed company is opting for direct...

Software

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...

Software

Cashfree Payments: Cashfree Payments receives prepaid payment instrument licence from RBI

Cashfree Payments on Tuesday said it has received the Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India (RBI).With the PPI...

Software

fraud accounts: Biz correspondents face A/C freeze as fraudsters hop on agent network

The issue of fraud and mule accounts is biting into the domestic money remittance industry, as business correspondents (BCs) who process such transactions...

Software

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...

Software

Cashfree Payments: Cashfree appoints Nitin Pulyani as its head of product

Digital payments startup Cashfree Payments has appointed Nitin Pulyani as the head of product and a senior vice president in the company. Pulyani...

Software

Mobikwik secures Sebi nod for Rs 700-crore public listing

Gurugram-based fintech Mobikwik has secured the Securities and Exchange Board of India (Sebi)’s approval for its planned public listing. The company had filed...

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