PhonePe exits account aggregation business, surrenders NBFC-AA licence to RBI
PhonePe, India's largest fintech firm, announced on Friday its exit from the account aggregation (AA) business, citing challenges in onboarding enough partners to meet its expectations, media reports ...
RBI cuts lending rate, first in 5 yrs
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) cut the repo rate, the rate at which the RBI ...
Expect insurance mis-sell norms soon
In his first post-policy conference on Friday, RBI governor Sanjay Malhotra provided an assurance that norms requiring banks ...
Rupee sidesteps RBI rate cut to end up but posts worst week in over 2 years
On the day, the currency rose about 0.2% to end at 87.4250 against the U.S. dollar. It declined by nearly 1% on the week though, its worst weekly performance since December 2022. Asian currencies were ...
Sensex drops 200 points; why did Indian stock market fall after RBI monetary policy? Explained with 5 crucial reasons
The Indian stock market, including the Sensex and Nifty 50, closed with significant losses on February 7, despite a 25 bps ...