In response to a surge in fraudulent activities within Aadhaar Enabled Payment System (AePS) transactions, the Reserve Bank of India (RBI) has issued a set of stringent new guidelines aimed at strengthening the operational framework of AePS touchpoints. Effective from January 1, 2026, the revised norms require stricter KYC, activity monitoring, and a ‘one operator-one … Read more
Launched in December 2022, the e-rupee, India’s Central Bank Digital Currency (CBDC), has rapidly grown to become a significant player in the digital payments landscape. The e-rupee witnessed exponential growth, reaching a circulation of over Rs 1,000 crore by March 2025, according to the RBI’s annual report. Key Highlights: What Is e-Rupee and How Does … Read more
Several major Indian banks — including SBI, HDFC Bank, and Kotak Mahindra Bank — have announced major updates to their credit card terms and conditions, effective from July 2025. The changes include revised reward programs, new transaction fees, modifications to insurance coverage, and updated policies for card replacements. Cardholders are urged to carefully review these … Read more
Overview In a move to enhance transparency and accountability in the insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has fined Edelweiss Life Insurance Company ₹1 crore for violations of corporate governance norms, particularly related to outsourcing and policyholder KYC compliance. Why is this in the News? The recent order dated June … Read more
India’s Unified Payments Interface (UPI) is gaining momentum and is poised to overtake global giant Visa in daily transaction volumes. This growth marks a significant milestone in the digital payment landscape, positioning UPI as a leading platform globally. Key Highlights Driving Factors Behind UPI’s Surge Expert Insights Background – What is UPI? Summary/Static Details Key … Read more
The International Monetary Fund (IMF) has lauded India’s Unified Payments Interface (UPI) as a game-changer in the nation’s digital payment landscape. With a focus on interoperability and user-centric design, the UPI model has garnered global recognition for its transformative impact on digital transactions. Why in News? On June 25, 2025, the IMF released a paper … Read more
India experienced a significant increase in foreign direct investment (FDI) inflows, hitting $8.8 billion in April 2025, as reported by the Reserve Bank of India (RBI) in its monthly bulletin. This surge marks a notable rise from $5.9 billion in March 2025 and $7.2 billion in April 2024. The spike reflects a growing global trust … Read more
In May 2025, credit card spending in India witnessed a significant growth of 14.5%, totaling ₹1.89 trillion. This surge was fueled by the issuance of 760,000 new credit cards, with major banks like HDFC, ICICI, and SBI Cards leading the trend. Key Highlights Bank-Wise Performance HDFC Bank ICICI Bank SBI Cards Axis Bank Objectives and … Read more
In a move to enhance market liquidity and operational flexibility, the Reserve Bank of India (RBI) has decided to extend trading hours for the call money, market repo, and Tri-Party Repo (TREP) segments. These changes are set to be implemented starting July 1, 2025, and August 1, 2025, respectively. Why is this Important? The RBI’s … Read more
In a significant move to enhance accessibility and improve service delivery, the Employees’ Provident Fund Organisation (EPFO) has raised the auto-settlement limit for advance withdrawal claims from ₹1 lakh to ₹5 lakh. This change allows EPFO members to receive up to ₹5 lakh within three working days, without human intervention, for pre-approved withdrawal purposes. Objective: … Read more
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