Indian private banks say they expect increases in defaults on small and personal loans due to slower economic growth to ...

According to RBI’s notification on February 12, 2025, Scheduled Commercial Banks can issue pre-sanctioned credit lines ...

Easebuzz has secured final authorisation from the Reserve Bank of India to operate as an online payment aggregator, catering ...

Indian private banks say they expect ... in rural areas for small business needs, where stress could take "at least another quarter" to normalise, he added. India's rural economy has suffered ...

The Reserve Bank of India has allowed the use of pre-sanctioned credit lines through UPI, extending this feature to Small Finance Banks. This development aims to offer instant short-term credit ...

The Reserve Bank of India (RBI) imposed penalties on Equitas Small Finance Bank and India Post Payments Bank for regulatory compliance deficiencies. Equitas was fined Rs 65 lakh for non-compliance ...

India's private banking sector anticipates an increase in small and personal loan defaults until at least the middle of 2025, say estimates based on the slowdown in economic growth, a situation ...

Credit Line on UPI is a more structured, transparent, and sustainable credit ecosystem that leverages UPI to enable banks to ...

NEW DELHI : Mumbai-based Yateen Kahate applied for Axis Bank's Magnus credit card in July 2023. Two months later, the bank ...