The individual single premiums closed at 4515.78 crore in September 2025 registering a growth of 4.99%

This capital infusion comes in the wake of the affordable housing finance company crossing the 20,000 crore AUM milestone last month

The UK-headquartered bank also launched its dedicated innovation banking vertical in Indiaone of the few markets globally to host the division after the US, UK, Israel, China, and Australia.

The combined subscriber base has also surpassed 9 crore, marking a key milestone in Indias pension inclusion journey

The alleged kingpin from Maharashtra, who planned and executed the crime, was arrested on October 7

Modi observed that earlier, banking was a privilege.But digital technology has made it a means of empowerment.Today, in India, digital payments have become routine

With the card, customers can access transit features like global airport lounges, airport transit hotels, doorstep visa assistance, global SIM cards and instant travel insurance

Kamath emphasised that the country has been having a very stable run, whether it is business, governance, regulation or the government itself

Based on the future market demand, the recently launched FCSS will now look at clearing other currencies like Euro or British Pound and a few other currencies, K Rajaraman, Chairperson of IFSCA

The central bank reiterated that messages from verified blue-tick accounts are authentic and part of its ongoing RBI Kehta Hai campaign.

The personal finance assistant SimpliFi encompasses a suite of 7 AI-powered features, offering personalized insights across credit, health, and spending available under the MyTrack section

They need to counter the menace of digital frauds, says Sanjay Malhotra

SBI, which has a customer base of over 52 crore, is actively working towards KYC simplification

The avatar, created from user-approved video and voice references, delivers real-time, expressive interactions with life-like lip sync, micro-expressions, and gaze, making conversations more natural and human-like

SEBI has prepared an action plan to ensure quantum readiness of all the stakeholders that it regulates, Pandey said

Issue to open on October 13 and close on October 28

The regulator is cautiously weighing the inclusion of gold and silver within pension fund portfolios, with internal committees already evaluating the proposal

According to the breakup shared by Chari, PhonePe claims to have helped citizens avert potential financial fraud losses of around 125 crore, while Paytm has helped save 68 crore in the last 2 months

Revolut to let Indian users make domestic and international payments via its tie-ups with Unified Payments Interface and Visa

The closures will impact branch operations during one of the years busiest festival periods, though digital banking services will continue uninterrupted

Among other instruments, companies can issue foreign currency bonds or INR-denominated bonds (Masala Bonds) via GIFT City exchanges like India INX (India International Exchange) NSEIX

The draft norms on asset classification, provisioning and income recognition will be applicable to universal banks, effective April 1, 2027.

NPCI also launches of the multi-signatory accounts feature on UPI

Indias instant payments platform will be the first to launch on PayPal World, which is a global platform connecting payments systems and digital wallets around the world

RBI emphasised that overall, the proposed changes are estimated to have a positive impact on the minimum regulatory capital requirements of banks

The total number of CBDC users stands at around 70 lakh currently

Managing Partner Krishna Ramachandran said the promotions reflect the firms focus on nurturing internal talent and building long-term leadership

Says the government has also been working to strengthen the factors that support functioning of GCCs in India

Fintechs must enhance transparency and and personalise services responsibly: Nirmala Sitharaman

We want NRIs to use the face authentication system to onboard himself in an unassisted manner, said K Rajaraman, Chairman, IFSCA

She noted that the GFF sort of reaffirms Indias ascendancy as a global FinTech leader and sets benchmarks in innovation, in scale and in inclusion

Finance Minister urged fintech innovators, regulators and investors to collaborate in safeguarding the digital ecosystem.

The AI is making it (the attacks) so perfect that you cannot figure out if it is a phishing email or not. These attacks will continue to increase with new technologies coming in, saidSanjay Bahl, Director General of CERT-In

The Mumbai-based insurer positions the offering as a fully customizable plan with over 50 coverage options and sum insured ranging from 5 lakh to unlimited coverage

Generative AI has moved on to agentic models which can solve many problems autonomously, Vishal Dhupar, Managing Director of US-based Nvidia, said at the Global Fintech Fest 2025 in Mumbai

Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar, say sources

The initiative will speed up financial transactions, make them safer, and more transparent, while reducing paper use in the economy

It alsosubmitteda set of advocacy proposals to further strengthen insurance penetration and policyholder protection and mooted a unified platform forclaim settlements and grievance handling

The POS devices are equipped with built-in printing, and barcode scanning a sound box

The deal, to be executed through a special-purpose vehicle, marks TFCILs foray into diversified financial services

The lender will be renamed IIHL Bank & Trust Ltd. IIHL, which is also the promoter of IndusInd Bank, said the move is part of its global strategy to expand its presence in the BFSI sector and achieve a USD 50-billion market capitalisation by 2030

Following the acquisition, Sterling Bank will be renamed IIHL Bank & Trust

CLSA expects NIM to decline by 10 bps sequentially for most lenders

The consolidation prepares Vartis Platforms for global expansion into emerging markets, including Southeast Asia, while serving over 30 million users with cumulative disbursals exceeding Rs 17,000 crore

The proposed parametric insurance model would trigger automatic payments once specific weather thresholdssuch as rainfall or temperatureare breached, reducing delays common in traditional claims

With the new app, users can link and manage reward points from multiple banks, brands, and loyalty programs in one place, making these points easily accessible and usable like regular money

Currently acquisitions are funded through debt raise, structured finance and internal accruals

The latest funding saw fresh investment from marquee investors