The Reserve Bank of India (RBI) has issued new guidelines mandating two-factor authentication (2FA) for all domestic digital payments from April 1, 2026. The framework allows banks and fintechs to adopt innovative verification methods such as biometrics, device-based tokens, and passphrases, in addition to traditional OTPs....
India’s Banking-as-a-Service (BaaS) market is projected to grow from ₹84.8 billion in 2022 to ₹153.8 billion by 2030, at a CAGR of 6%. The surge will be driven by neobanks, embedded finance, and API-driven partnerships that allow non-banks to integrate payments, lending, and insurance seamlessly. With...
The Maharashtra government is exploring monetisation of anonymised welfare data through its new digital platform ‘Samanvay’, set to launch on October 2. Branded as ‘Golden Data’, the Aadhaar-linked database consolidates details of beneficiaries across more than 50 welfare schemes. While primarily aimed at eliminating duplication and...
The Telangana government’s Industrial Promotion Cabinet Sub-Committee has approved fresh investments worth ₹3,745 crore, spanning beverages, drones, and energy equipment. The projects include a Coca-Cola mega plant in Siddipet, a JSW UAV drone manufacturing facility, and a Toshiba T&D Systems electrical equipment unit, together expected to...
India’s festive season is coinciding with the rollout of GST 2.0, unleashing a wave of credit offers from banks and NBFCs. With essentials cheaper and consumer sentiment high, lenders are aggressively marketing loans, EMI schemes, and cashback rewards. Analysts expect 11–12% credit growth in H2 FY26,...
The Indian government is considering raising the foreign investment limit in Public Sector Banks (PSBs) from the current 20%, while retaining at least 51% ownership to preserve their public character. The move is aimed at strengthening PSBs’ balance sheets, attracting global capital, and making them competitive...
For the first time in FY26, India’s banking system liquidity slipped into deficit, driven by nearly ₹2.5–3 lakh crore in tax outflows from GST and advance tax payments. The deficit stood at ₹32,000 crore on September 22, compared to a ₹7,000 crore surplus a day earlier....
Indian equity markets opened on a weak note Wednesday, with the Sensex down 289 points at 81,813 and the Nifty lower by 87 points at 25,082. Global headwinds—ranging from stagflation risks flagged by US Fed Chair Jerome Powell to persistent foreign outflows—dragged indices, despite resilience in...
The government has directed ONGC to take interim operational control of a producing oil and gas block previously managed by Vedanta, after rejecting Vedanta’s plea for contract renewal. The move, a first in India’s oil sector, has sparked legal proceedings, with Vedanta challenging the decision in...
India’s banking system liquidity surplus dropped to just ₹70 billion ($794 million) on September 21, the lowest since March, after nearly ₹2.6 trillion exited due to GST and income tax payments. Analysts, however, expect the cash crunch to be temporary, with government spending, bond redemptions, and...
The National Payments Corporation of India (NPCI) is preparing to introduce EMI payment options on UPI, allowing users to split QR code payments into instalments. This next wave of innovation follows RuPay credit cards and credit lines on UPI, as NPCI doubles down on credit-led growth....
India’s financial sector is facing slower momentum, with credit growth at 10.3% YoY and deposits expanding at just 9.8%, their first dip below 10% in three months. While MSME demand and corporate borrowings from banks provided some support, weak corporate lending, reduced NBFC flows, and muted...
Gold prices in India hit a fresh record of ₹1,11,750 per 10 grams on the MCX, tracking global highs as traders awaited key US inflation data and fresh Federal Reserve guidance. Silver followed suit, breaching ₹1,33,500 per kilogram. A weaker rupee, subdued equity sentiment, and strong...
Indian government bonds slipped slightly on Tuesday as traders waited for the release of the second-half borrowing calendar. The 10-year benchmark yield edged up to 6.4985%, while the rupee hit a record low of 88.5650 amid US visa fee hikes, muted equity inflows, and higher hedging...
Despite global headwinds from tariffs and immigration curbs, JPMorgan Chase has described India as a “bright spot” in the global economy. Asia-Pacific head Sjoerd Leenart highlighted strong domestic growth, limited export dependence, and a booming IPO market as drivers of resilience. Even as new US tariffs...
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