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News on Medial
Payment banks seek 10% reduction in statutory liquidity ratio, nod to lend
Economic Times
·
5d ago
Medial
Payment banks in India are seeking regulatory changes from the Reserve Bank of India (RBI) to enhance their operational flexibility. They have requested a reduction in the statutory liquidity ratio (SLR) from 75% to improve margins through higher-yielding investments. Additionally, they seek approval to offer loans and raise the deposit limit from ₹2 lakh to ₹5 lakh. These measures aim to improve financial operations and competitiveness within the banking sector.
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Banks see 15% rise in non-SLR investments in FY25 amid strong market returns
Economic Times
·
1m ago
Medial
In fiscal year 2025, banks in India reported a 15% increase in non-statutory liquidity ratio (non-SLR) investments, which include commercial papers, stocks, bonds, and mutual funds, compared to a 10% rise in SLR (central government bonds) investments. Non-SLR investments generally offer higher returns, though they require banks to allocate more capital based on the risk involved. Experts suggest potential significant gains from stock market investments if the equities market experiences an upward trend.
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Uday Kotak flags critical banking risk
Business Today
·
4m ago
Medial
Uday Kotak warns of a critical banking risk arising from banks borrowing at higher rates, around 9%+, while lending at lower rates, about 8.5%, especially after accounting for obligations like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), deposit insurance, and priority sector lending requirements. This scenario poses a mismatch in marginal deposit costs versus lending returns, potentially impacting the banks' financial health and sustainability amidst operational expenses not being accounted for.
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From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI
Business Today
·
1m ago
Medial
The Reserve Bank of India (RBI) has announced a progressive 100 basis point reduction in the Cash Reserve Ratio (CRR) from 4% to 3%, beginning September 6, 2025, in four 25 bps phases. This move aims to boost liquidity and credit growth, releasing Rs 2.5 lakh crore into the banking system by year-end, according to SBI Research's Ecowrap report. This initiative seeks to ease pressure on banks and stimulate economic activity.
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RBI allows trading of state govt securities in STRIPS
Economic Times
·
1m ago
Medial
The Reserve Bank of India now allows the trading of state government securities in a "STRIPS" format, where principal and interest can be sold separately. This decision, effective after consultation with states and market feedback, enables trading in fixed coupon bonds with up to 14-year maturity and ₹1,000 crore outstanding. These securities must meet bank's statutory liquidity ratio (SLR) requirements, expanding the trading model used for central government securities since 2010.
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Paytm secures NPCI nod for migrating its users to other banks
Economic Times
·
1y ago
Medial
Digital payments company Paytm has successfully integrated with four banks, including State Bank of India, Yes Bank, HDFC Bank, and Axis Bank, for Unified Payments Interface-based payment services. The integration allows Paytm to migrate its users to these banks for seamless payment transactions. Previously relying heavily on Paytm Payments Bank, Paytm had to switch to other banks after the Reserve Bank of India ordered the payments bank to shut down its basic banking services. Despite the integration, Paytm's UPI payment volumes have slightly declined, with the company currently holding a 9% market share.
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Markets face volatile trends after RBI policy announcement
Livemint
·
7m ago
Medial
The Indian stock market turned volatile after the Reserve Bank of India's monetary policy announcement. The Sensex and Nifty initially declined but later recovered. The RBI decided to keep the policy rate unchanged for the 11th consecutive time but lowered the GDP growth forecast for the current fiscal year. In an effort to boost economic activity, the RBI also reduced the Cash Reserve Ratio, freeing up funds for banks to lend. The market response to the policy announcement was positive, with banking stocks expected to benefit from reduced cost of funds.
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Fast-track migration to ISO 20022 to avoid cross-border payments rejection: IBA to banks
Economic Times
·
12d ago
Medial
The Indian Banks' Association (IBA) has advised banks to expedite the transition to SWIFT's ISO 20022 standards to avoid complications in cross-border payments. The new global financial messaging standard aims to enhance payment efficiency through improved processing, visibility, and cost reduction. With the coexistence period for the new and old systems ending in November 2025, banks are urged to begin migration by August 2025 to prevent payment disruptions and potential customer impact.
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RBI's policy rate cut to boost growth as inflation eases: BoB report
Economic Times
·
1m ago
Medial
The Reserve Bank of India's decision to cut the policy rate significantly aims to boost economic growth as inflation pressures ease. A Bank of Baroda report highlights that the central bank's 50 basis-point rate reduction, alongside a phased cut in the Cash Reserve Ratio, is expected to increase liquidity and support credit flow. This move aligns with global efforts to monitor growth and inflation, with attention now on the US Federal Reserve's upcoming decisions.
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ISG gets RBI nod to operate as payment aggregator
YourStory
·
7m ago
Medial
JP-Morgan-backed fintech company In-Solutions Global (ISG) has received full authorisation as a payment aggregator in India, under the regulatory framework set by the Reserve Bank of India. This approval enhances ISG's ability to facilitate digital payments for merchants in various sectors. ISG already processes over 28 billion transactions annually and serves more than 70% of banks in India. The company sees this authorisation as an opportunity to scale its operations, drive innovation, and provide exceptional payment solutions to its clients. ISG's offerings include payment aggregation, prepaid instruments, transit systems, and more.
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Infibeam Avenues receives RBI’s final nod for Payment Aggregator licence
Entrackr
·
1y ago
Medial
Infibeam Avenues has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment Settlements Act, 2007 for its payment gateway brand – CCAvenue. While Infibeam Avenues already received “in-principle” approval from the RBI late last year, the apex banking body has granted the final licence. RBI had introduced the payment aggregator framework in March 2020. Infibeam Avenues offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company’s payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. Its enterprise software platform provides an online marketplace for government procurement. Razorpay, Cashfree, and Open were the first set of players to get the regulatory nod in December last year. Zomato, DigiO, Google, and Tata Digital among others are the other major players to get the payments licence. Infibeam Avenues claims that it has more than 10 million merchants on its platform and crossed half a million merchant onboarding in the first half of FY24. Infibeam Avenues had earlier launched CCAvenue mobile app, which is an advanced omni-channel payment app where its app features a pin-on-glass SoftPoS solution – CCAvenue TapPay for Merchants and Kiranas across the country. Infibeam Avenues had shown strong growth and this could be evident from its Q3 FY24 numbers. Its revenue from operations grew 15.4% to Rs 912 crore in Q3 FY24 whereas the firm also managed to grow its profit marginally to Rs 40.8 crore during the above mentioned period.
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