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RBI proposes easing business authorisation norms for urban cooperative banks

Economic Times

Economic Times · 4d ago

RBI proposes easing business authorisation norms for urban cooperative banks

The Reserve Bank of India (RBI) proposed new guidelines for urban cooperative banks (UCBs) to replace current norms, suggesting a harmonized eligibility criteria for business authorizations. UCBs complying with the criteria and having a net worth of Rs 50 crore may expand operations beyond their registered state, subject to RBI approval. They can operate in two states per year, provided they have capital for five branches in each. Comments on these draft guidelines are invited until August 2025.

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Saraswat Coop Bank proposes to acquire New India Coop Bank

Economic Times

Economic Times · 1m ago

Saraswat Coop Bank proposes to acquire New India Coop Bank

Saraswat Cooperative Bank, India's largest cooperative bank, has sought approval from the Reserve Bank of India to acquire New India Cooperative Bank Ltd. This acquisition aims to alleviate depositor issues following a moratorium on New India Cooperative by the RBI. The merger will see Saraswat absorb all assets and liabilities of New India Cooperative. Saraswat has previously acquired seven cooperative banks, significantly boosting their business post-acquisition. The bank anticipates no major rise in non-performing assets post-acquisition.

RBI Proposes Draft Rules To Regulate PoS For Online Payment Aggregators

Inc42 · 1y ago

RBI Proposes Draft Rules To Regulate PoS For Online Payment Aggregators

The Reserve Bank of India (RBI) has issued draft rules to regulate point-of-sale payment service providers (PA-P), which includes companies like Innoviti Payments, Pine Labs, and MSwipe. The draft rules state that these companies must apply for authorisation from the RBI by May 31, 2025. If they fail to obtain authorisation, they will have to cease their services. Additionally, payment aggregators must inform the regulator about their plan to seek authorisation within 60 days of the formal guidelines' issuance. The RBI has also introduced new guidelines for online payment firms, requiring them to monitor merchant activities and ensure compliance.

RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEs

Economic Times

Economic Times · 1m ago

RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEs

The Reserve Bank of India (RBI) has instructed banks and financial entities to eliminate pre-payment penalties on floating-rate loans to individuals and micro, small enterprises. Effective January 1, 2026, this directive aims to align with existing guidelines prohibiting pre-payment charges on non-business loans, fostering accessible financing. The RBI's move followed supervisory findings of inconsistent practices among lenders, causing customer grievances. This applies to loans across numerous banking institutions, excluding certain cooperative and rural banks.

Sebi proposes to ease disclosure norms for debenture issuers

Livemint

Livemint · 7d ago

Sebi proposes to ease disclosure norms for debenture issuers

The Securities and Exchange Board of India (SEBI) has proposed easing disclosure norms for issuers of non-convertible securities, such as debentures, to lower compliance costs and align with global standards. The proposed changes include eliminating the requirement for sending hard copies of annual reports to debenture holders without registered email addresses. This move aims to modernize India's debt markets, enhance investor confidence, and promote digital communication and sustainability in compliance practices.

RBI proposes easier rules for lenders' investments in AIFs

VCCircle

VCCircle · 2m ago

RBI proposes easier rules for lenders' investments in AIFs

The Reserve Bank of India (RBI) has proposed easing investment rules for lenders in Alternative Investment Funds (AIFs), citing improved financial discipline. The draft guidelines suggest capping a single regulated entity’s investment in an AIF at 10% of its corpus, with a total combined limit of 15% for all lenders. Lenders could invest up to 5% of an AIF’s corpus without restrictions but might need to make provisions if certain conditions are breached.

RBI Proposes Tighter Norms For Aadhaar-Enabled Payment System Operators

Inc42 · 1y ago

RBI Proposes Tighter Norms For Aadhaar-Enabled Payment System Operators

Banks must perform due diligence on all Aadhaar-enabled Payment System (AePS) touchpoint operators they bring on board, according to new guidelines. This requirement follows the Reserve Bank of India's (RBI) customer due diligence procedure introduced in 2016. The draft guidelines are open for industry feedback until August 31.

ED found no FEMA violation in Paytm Payments Bank case: Report

Hindustan Times Tech

Hindustan Times Tech · 1y ago

ED found no FEMA violation in Paytm Payments Bank case: Report

Enforcement Directorate found no Foreign Exchange Management Act (FEMA) violations in the case regarding Paytm Payments Bank, The Hindu reported. ED reportedly examined over 50 lakh accounts and wallets. RBI alone is authorised to act on other violations, mainly related to KYC norms. The agency has sent its findings, along with observations, regarding payments banks (other than Paytm's) to RBI.

RBI Bans Lending Against Gold Bullion, Allows Loans on Jewellery to Balance Risk, Liquidity

OutlookIndia

OutlookIndia · 1m ago

RBI Bans Lending Against Gold Bullion, Allows Loans on Jewellery to Balance Risk, Liquidity

The Reserve Bank of India (RBI) has prohibited lending against gold bullion, citing financial stability concerns. However, it allows loans on gold jewelry, ornaments, or coins for short-term financing. These measures aim to balance liquidity access and lender risk. The RBI also eased norms for non-banking financial companies by increasing the loan-to-value ratio for gold loans under ₹2.5 lakh from 75% to 85%, promoting competition with banks. Investors responded positively, boosting shares of gold financiers.

Pramerica Life Insurance targeting 30% CAGR for next two years, says CEO

Money Control

Money Control · 9m ago

Pramerica Life Insurance targeting 30% CAGR for next two years, says CEO

- Pramerica Life Insurance aims for a compound annual growth rate (CAGR) of 30% in the next two years. - The insurer witnessed a robust growth of 58% in new business premiums in the previous fiscal year. - Pramerica plans to launch new products and focus on digital growth in the current fiscal year. - The insurer is looking to expand its bancassurance business through partnerships with cooperative banks, small finance banks, and private banks. - Pramerica Life Insurance has no immediate plans to go public, as it is well-capitalized and aims to focus on building scale and profitability in the next couple of years.

Surge In Unsecured Loans By Fintechs Led To RBI’s Tightening Of Lending Norms: Bernstein

Inc42 · 1y ago

Surge In Unsecured Loans By Fintechs Led To RBI’s Tightening Of Lending Norms: Bernstein

According to a report by brokerage Bernstein, there has been a significant increase in unsecured lending by Indian banks and fintechs, leading to tighter lending norms by the Reserve Bank of India (RBI) in November last year. The report highlights the rapid growth of fintechs in the country, which has further driven the increase in unsecured lending. The RBI increased the risk weight for consumer credit exposure of banks and non-banking financial companies, aiming to increase the cost of unsecured loans. The growth in consumer loans has outpaced household credits, raising concerns among regulators. Despite regulatory measures, digital lending remains attractive for India's fintech sector.

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