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RBI REGULATION ON FINTECH
GFF 2026: RBI flags speed, concentration, opacity as key risks as AI use grows in financeReserve Bank of India Deputy Governor Rohit Jain addressed emerging technology risks. He noted speed, concentration, and opacity as key con...
Indians can use crypto to buy groceries, fuel and gold through overseas gift-card platformsIndians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and oth...
Cross-border fintechs are still competing with banks, not each other: Skydo’s Movin JainSkydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than com...
HDFC, Kotak CEO departures put succession planning at India’s private banks under scrutinyRecent unexpected leadership changes at top Indian private banks raise succession planning concerns. Investors question long-term business ...
Nobody is a friend; India must cut reliance on foreign tech: M2P Fintech’s Madhusudanan RIn the run up to the Global Fintech Fest 2026, Madhusudanan R, co-founder of M2P Fintech, spoke to The Economic Times Digital about the new...
View: India needs guardrails around shadow loans, not bansThe RBI’s proposed curbs on flexi loans could reshape how India’s self-employed workers and small businesses borrow. While the move aims to...
How India's digital infrastructure opened global markets to Indian investorsIndian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and i...
EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellationPaytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's e...
India to roll out common customer ID for banks, insurers; mutual funds to follow, sources sayStarting in August, a collaborative customer identification initiative will be rolled out by Indian banks and insurers, featuring a system ...
Nearly 55.49 crore UPI users onboarded by June 2026Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 3...
RBI pushes interoperability in TReDS to avoid monopolyReceivables Exchange of India (RXIL), Invoicemart and M1xchange, the first three operators of the central bank-backed invoice discounting s...
Google Cloud’s big India AI bet; Swiggy crosses key ownership thresholdGoogle Cloud is supercharging its India bet with a local AI play and a potential manufacturing push. This and more in today’s ETtech Mornin...
Sachin Bansal’s fintech firm Navi eyeing Rs 3,000-crore IPO by March 2027The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approva...
India's SBI-backed Cashfree Payments bets on cross-border push with travel, investment paymentsIndian fintech firm Cashfree Payments is set to significantly expand its cross-border operations, aiming to capture growing international t...
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk frameworkThe Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft frame...
RBI took initiative to bridge communication gap with fintechs: Deputy governorThe RBI has actively engaged with fintech startups to foster ongoing dialogue, helping both sides understand each other’s expectations bett...
Startup Mahakumbh | Fintechs should work with regulators, not try to bypass them: Groww cofounder Harsh JainDuring Day 2 of Startup Mahakumbh, Groww's cofounder and chief operating officer Harsh Jain said one needs to have respect for the rules an...
RBI fintech department gets a new boss in P VasudevanAjay Kumar Choudhary, who was the previous executive director in charge of the fintech department has retired, said a senior banker in the ...
Fintech companies ask RBI for clear First Loss Default Guarantee frameworkWhile most want FLDG structures between regulated cos, some eye securitisation structure for unregulated.