The Reserve Bank of India (RBI) has now allowed small finance banks (SFBs) to offer pre-sanctioned credit lines via UPI ...

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

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 ...

MUMBAI (Reuters) - Indian private banks say they ... in rural areas for small business needs, where stress could take "at least another quarter" to normalise, he added. India's rural economy ...

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

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

The UPI feature for facilitating seamless recurring payments has seen transaction volume through Autopay tripling to 175 ...

MUMBAI (Reuters) - Indian private banks say they expect increases ... given to borrowers in rural areas for small business needs, where stress could take "at least another quarter" to normalise, he ...

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 ...