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Now, approve UPI payments with fingerprint, facial authentication

Mumbai, Oct. 7 -- The government is rolling out fingerprint and facial approval of Unified Payments Interface (UPI) transactions to simplify digital payments and strengthen verification. Users will n... Read More


No rush for e-rupee mass rollout, focus is on new use cases: RBI's Sankar

Mumbai, Oct. 7 -- The Reserve Bank of India is in no rush to open up the pilots for the central bank digital currency (CBDC) to the masses and is, instead, focussing on adding more use cases to the e-... Read More


Mint Explainer: How will RBI's digital payment authentication beyond SMS OTPs work?

Mumbai, Oct. 3 -- The Reserve Bank of India (RBI) has announced revised norms for digital payment authentication, making two-factor authentication (2FA) mandatory and requiring the use of alternatives... Read More


Mint Explainer: What RBI's new authentication rules mean for digital payments

New Delhi, Oct. 3 -- The Reserve Bank of India (RBI) has announced revised norms for digital payment authentication, making two-factor authentication (2FA) mandatory and requiring the use of alternati... Read More


IHC makes its biggest splash yet in India's financial sector with Rs.8,850 crore Sammaan Capital deal

Mumbai, Oct. 2 -- International Holding Co. (IHC) is set to acquire a controlling 43.5% stake in Sammaan Capital Ltd (formerly Indiabulls Housing Finance) for Rs.8,850 crore, marking Abu Dhabi-based i... Read More


No rate cut, but RBI trims rules, drops overlapping biz regulations in credit push

New Delhi, Oct. 2 -- The central bank unwrapped a box of goodies to power credit and business on Wednesday, even as it delivered a better growth outlook and kept policy rates untouched. The Monetary ... Read More


RBI to ease norms for banks' corporate exposure via market securities, to repeal earlier framework

Mumbai, Oct. 2 -- The Reserve Bank of India (RBI) on Wednesday proposed to withdraw its August 2016 framework on Enhancing Credit Supply for Large Borrowers through Market Mechanism. The framework or... Read More


RBI keeps benchmark rate steady for second time amid global uncertainty

MUMBAI, Oct. 1 -- The Reserve Bank of India led by governor Sanjay Malhotra kept the benchmark repo rate unchanged at 5.50% for the second straight time on Wednesday. The central bank also maintained ... Read More


RBI keeps benchmark rate steady at 5.50% for second time amid global uncertainty

MUMBAI, Oct. 1 -- The Reserve Bank of India led by governor Sanjay Malhotra kept the benchmark repo rate unchanged at 5.50% for the second straight time on Wednesday. The central bank also maintained ... Read More


Insurance agents, brokers may get lower commission after GST cuts

New Delhi, Sept. 30 -- Insurance intermediaries such as agents and brokers may see a hit to their commissions as insurers face pressure to pass on the full benefit of the recent GST (goods and service... Read More