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Paytm RBI Ban: Indian fintech is fast, furious — and fraudulent?

The Reserve Bank of India has taken regulatory action against Paytm and Visa Inc., and more nonbank intermediaries may be targeted. The growth of neo-banking in India has increased the risk of fraud. KYC regulations and digital payments face challenges, and nodal accounts are used for real-time processing. ....

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Rupee ends at over 5-month high, tracking Asian peers, foreign fund inflows

The Indian rupee closed at its strongest level in more than five months on Thursday, aided by an uptick in its Asian peers and on the back of dollar inflows into the domestic share and bond markets. ....

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India's economy surges further ahead in February

Services activity reached a seven-month high, while manufacturing growth is at a five-month high, as per the HSBC Flash Composite PMI ....

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Inflation remained key focus in RBI MPC meet in Feb, show minutes

In February monetary policy, the RBI retained the key interest rate at 6.5 percent ....

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India economy news: RBI MPC minutes: Das says premature move may undermine success; Varma bats for rate cut & stance pivot

Reserve Bank of India (RBI) Governor Shaktikanta Das, explaining the decision to maintain policy repo rates, stated that premature policy pivots could undermine the progress achieved so far. MPC member Jayanth Varma argued there is room for monetary easing without risking an inflation spiral, suggesting a rate cut and a shift in stance to neutral. ....

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