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RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research. The report highlighted several measures taken by the central bank, including liquidity infusion, a repo rate cut, and relaxation...
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BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

Bank of Baroda (BoB) on Thursday announced the pilot launch of a ‘Loyalty/Cashback Programme’ functionality for merchants based on the ‘programmability’ aspect of the Central Bank Digital Currency (CBDC) in collaboration with a fintech company. This functionality will enable small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed...
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DPIIT-Paytm Partnership To Boost Innovation In Manufacturing and Fintech Startups

New Delhi, Feb 27 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has entered into a strategic partnership with Paytm (One97 Communications Limited) through the signing of a Memorandum of Understanding (MoU) aimed at fostering innovation and accelerating growth in India’s manufacturing and fintech startup sectors. This collaboration will...
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Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

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