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UPI Lite, Credit Lines and RuPay Credit Cards Explained

UPI Lite uses money set aside from a bank account, Credit Line on UPI uses a bank-approved loan limit, and RuPay Credit Card on UPI uses a credit-card limit.

Girija Subramanian Joins IRDAI as Whole-time Member (Distribution)

Former New India Assurance CMD Girija Subramanian has assumed charge as Whole-time Member (Distribution) at IRDAI from August 10, 2026, bringing nearly four decades of insurance and reinsurance experience to the regulator

InCred Capital Names Abhinav Khanna as CEO, Capital Markets

Abhinav Khanna will lead Institutional Equities, Equity Capital Markets and Asset Services at InCred Capital. He joins after serving as Managing Director and Chief Business Officer, Global at ValueQuest Investment Advisors.

Credit Growth Hits 18.6 % — What It Means For Every Bank Customer In India

A sharp jump in credit growth is reshaping India's banking sector. Will it make borrowing easier, raise deposit rates, or change your EMIs? Here's what every bank customer should know.

RBI's New Funding Rules Just Hit India's Derivatives Market; Here Is What The Data Shows

Cheap borrowed money built India's derivatives boom. RBI just switched off the tap. What happens next to traders, brokers and everyday investors might surprise you.

India’s GCC Boom Is Rewriting Delhi-NCR’s Job Market

India just crossed 5 lakh GCC jobs. But behind the celebration lies a number nobody in Delhi NCR wants to talk about, Tier 2 cities are growing twice as fast. Is the region's BFSI hiring edge quietly slipping away, or evolving into something big

AI Credit Scoring in India: How Loan Algorithms Works

Millions of Indians are being scored by algorithms they cannot see, challenge, or understand, while DPDP, RBI and Parliament are still catching up.

Why Small Language Models Are Becoming India’s Smarter AI Bet?

Small language models are gaining relevance as businesses move from AI experimentation to practical deployment. For Indian BFSI firms and SaaS companies, SLMs offer a compelling mix of cost efficiency, faster response times & more.

AustralianSuper Invests AU$500 Million More in India’s NIIF, Lifts India Exposure to AU$3.3 Billion

Australia's largest pension fund AustralianSuper announced an additional AU$500 million investment in India's National Investment and Infrastructure Fund on July 9, 2026, at the Australia-India Annual Leaders' Summit in Melbourne.

RBI Appoints Ravi Shankar as Executive Director

The Reserve Bank of India (RBI) has appointed Ravi Shankar as its new Executive Director (ED), effective July 1, 2026.

Morgan Stanley Predicts Sensex at 89,000 by June 2027; IT Sector Could Be the Big Surprise

Morgan Stanley has set a base-case Sensex target of 89,000 by June 2027 implying 15% upside with a 50% probability. Its bull case places the index at 1,00,000, while the bear case puts it at 66,000.

Google's Spam Update Just Changed The Rules, Here Is What Indian Banks Need To Know

The internet is moving from search engines to answer engines. For India’s BFSI sector, this shift will redefine how customers discover loans, insurance, mutual funds, financial advice and trusted institutions.

Bima Sugam Rollout: Is India's "UPI for Insurance" Finally Here?

IRDAI Chairman Ajay Seth promises initial products by September. Motor insurance goes first, life and health wait. Here's what's changed, what's still stuck, and why this platform could finally fix India's massive insurance gap.

AI Bias in Indian Credit Scoring: Who Gets Excluded When Algorithms Decide?

AI-powered credit scoring was meant to open formal lending to India’s MSMEs, gig workers, women & rural borrowers. But without transparency, fairness audits & human review, the same technology may reproduce old exclusions in a new digital form.

India’s RegTech Market: Why Compliance SaaS Is Becoming BFSI’s Next Big Growth Story

India’s RegTech market is emerging as the next big BFSI technology opportunity, driven by digital lending rules, DPDP compliance, AML monitoring, fraud detection and RBI’s FREE-AI framework for responsible AI in finance.

Why RBI Will No Longer Treat Every NBFC the Same Way?

RBI just rewrote the rulebook for India's NBFCs. Big lenders now face sharper scrutiny. Small, low-risk firms just got quiet relief. New layers, new exemptions, new deadlines — here's what changed, and why it matters to your money.

PayU India Finally Cracks the Profit Code — Here's How

After years of losses, PayU India finally turns a corner — posting its first full-year operating profit. But one number buried in the report hints at a bigger move still to come.

HDFC Bank's New Chairman Isn't a Banker — Here's Why That Matters

A former bureaucrat steps into India's biggest private bank boardroom, yet one regulatory approval stands between him and the chairman's chair.

SBI Life, IIT Bombay Launch AI and Cybersecurity Research Hub for Insurance

SBI Life Insurance and IIT Bombay have signed an MoU to establish Bharat’s AI and Cyber Innovation Hub for Insurance, a joint research centre focused on cybersecurity, artificial intelligence, quantum technologies and more.

RBI's New NBFC Rules Put Tata Sons' Listing Fate Back in the Spotlight

The RBI has replaced its old scoring model with a clean ₹1 lakh crore asset threshold and Tata Sons, with assets of ₹1.75 lakh crore, sits squarely in the crosshairs.

Dr. K. Paul Thomas Named Chairman of Sa-Dhan, Signalling Stronger Focus on Responsible Microfinance

Dr. K. Paul Thomas of ESAF Small Finance Bank has been elected Chairman of Sa-Dhan, marking a key leadership change in India’s microfinance sector.

They Trusted The Bank With Their Gold. Then 96 Packets Vanished!

96 Gold Packets Vanish From UP Bank Locker — Was It Really An Inside Job?

DORA, PSD3 and EU Digital Identity Wallet Deadline: Is the BFSI Sector Ready?

DORA, PSD3 and the EU Digital Identity Wallet are set to reshape Europe’s BFSI sector by 2026. Banks, fintechs and payment firms must prepare for new rules.

RBI Opens FCNR(B) Swap Window, Banks Seek SBLC Relaxation for NRI Deposits

Indian banks have asked the RBI to relax guarantee rules for NRI deposits, arguing that the move could attract billions of dollars in foreign currency inflowsx rese

West Bengal Gramin Bank Partners with Canara HSBC Life Insurance to Expand Rural Insurance Access

Bancassurance partnership to bring life insurance, savings, and long-term financial planning solutions to rural and semi-urban customers across West Bengal

India Emerges as Global AI Talent Hub with 250% Growth Since 2016

According to NASSCOM and LinkedIn workforce reports, India’s AI talent pool has grown by more than 250 percent since 2016, making the country one of the top destinations for artificial intelligence development.

IDBI Bank Q4 FY26 Results: Net Profit Falls 5% to ₹1,943 Crore

The dip in profit comes amid higher provisions and operating expenses, even as the bank maintains stable asset quality and steady loan growth.

₹534 Crore Profit, 3.3% NPA, 6.2% NIM — What Bandhan's Q4 Numbers Actually Mean

Lower Bad Loans, Better Margins, Digital Growth — But the War in West Asia Is Watching

ECL Framework Explained: Why India's Lenders Must Now Price Risk They Haven't Even Seen Yet

The central bank just rewired how India's lenders count money they might lose. Here's what it means for banks, borrowers, and everyone in between.

India’s ₹53 Lakh Crore Credit Boom Is Quietly Creating a Debt Crisis

India’s credit boom is driven by rapid digital lending, credit card expansion, and BNPL adoption among young consumers, but it is also increasing financial stress due to high interest rates and low financial literacy.

IDFC First Bank Q4 FY26 Results: The Numbers Are In, and the Story Is More Complicated Than the Headline

IDFC First Bank posted its Q4 and full-year FY26 results this week. The topline grew, but asset quality pressure and rising credit costs are questions the bank is still working through.

Sensex Opens Green But Oil and Iran Keep the Bulls Nervous on Tuesday

Markets Open in Green on Tuesday — But Oil, Iran, and Q4 Results Keep the Session Complicated. Check Stocks to Watch out For

Stock Market Today: Sensex Falls 300 Points Amid US-Iran Tensions; Nifty Slips Below 22,650

Markets remain volatile as geopolitical tensions in West Asia weigh on investor sentiment, even as strong domestic earnings, infra wins, and sectoral resilience offer support.

India’s Banks Are Betting Big on AI — But Only 21% Are Fully Ready

The Department of Financial Services says scheduled commercial banks posted a record aggregate net profit of ₹3.50 lakh crore in FY2023-24, while PSBs posted ₹1.41 lakh crore, and PSB asset quality improved with gross NPA falling to 3.12%.