April 1, 2026April 1, 2026 Shares of Coforge Ltd soared 6% on 1 April after the company gained approval from the Reserve Bank of India (RBI) for an offshore investment of more than $1 billion in connection with the merger with Encora. According to the petition, Coforge has secured additional…
December 18, 2025December 18, 2025 Shares of Computer Age Management Services Ltd (CAMS) gained 2% on 18 December after the company’s subsidiary, CAMS Payment Services, gained approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. In its regulatory filing, the company said, “We wish…
November 17, 2025November 17, 2025 Shares of Infibeam Avenues Ltd soared 4% on 17 November after the company announced securing approval from the Reserve Bank of India (RBI) to function as a payment aggregator for physical (offline) payments under the Payment and Settlement Systems Act, 2007. The approval permits…
Sanjay Malhotra, the chief of India’s Reserve Bank, is on a mission to enhance global access to digital platforms that serve the public good. He brought attention to MOSIP, India’s innovative open-source digital identity solution, gaining traction in 27 countries. The RBI is also integrating India’s UPI with payment systems from various nations to streamline…
August 8, 2025August 8, 2025 Shares of AU Small Finance Bank Ltd surged 7%, hitting an intraday high of Rs 800 on 8 August after the company announced securing approval from the Reserve Bank of India to become a Universal Bank. This makes it the first Small Finance Bank…
The RBI updated its Citizens’ Charter on 1st July, 2025, expanding it to cover 204 services and streamlining timelines for 11 of them. Earlier split into two categories, the services are now merged under one unified charter for both regulated entities and the public. Of the 204 services, 180 are available via the PRAVAAH platform,…
On 6th June, the RBI’s Monetary Policy Committee (MPC) lowered its inflation forecast for FY26 to 3.7%, down from its earlier estimate of 4%. The cut comes as inflation has steadily declined over the past six months. RBI Governor Sanjay Malhotra said, “We have won the inflation battle,” citing a sharp drop in consumer prices,…
March 26, 2025March 26, 2025 RBI Governor Sanjay Malhotra on 26th March stressed the need to strengthen India’s anti-money laundering (AML) and counter-terrorism financing (CFT) measures. Speaking at the FATF (Financial Action Task Force) Private Sector Collaborative Forum, he highlighted India’s globally recognised efforts and…
February 14, 2025February 14, 2025 India’s wholesale inflation eased to 2.31% in January, down from 2.37% in December, as per government data released on Friday. Primary articles inflation dropped to 4.69% from 6.02%, while fuel and power wholesale prices declined by 2.78% compared to a…
December 30, 2024December 30, 2024 India’s economic growth slowed to 5.4% in the July-September quarter, marking a seven-quarter low and prompting concerns over prospects. The surprise drop led the Reserve Bank of India (RBI) to revise its growth forecast for 2024-25 from 7.2% to 6.6%. The slowdown in India’s…