RBI

Fintech Brief — March 9, 2026 Today’s Top Stories 1. RBI & Digital India BHASHINI Partner for Multilingual Banking AI The Reserve Bank of India (RBI) and the Digital India BHASHINI Division have signed an MoU to co-develop ‘Banking BHASHINI’ — a multilingual AI language model for India’s financial services sector. Key Applications: Multilingual chatbots for customer support Voice-enabled banking assistants IVR systems for scheduled commercial banks, cooperative banks, and regional rural banks The model aligns with the National Language Translation Mission and India’s AI governance framework. ...

RBI — Reserve Bank of India: Complete 101 Guide Last updated: March 2026 What is RBI? The Reserve Bank of India (RBI) is India’s central bank, established on April 1, 1935. It regulates the country’s monetary policy, issues currency, and ensures financial stability. RBI is analogous to the Federal Reserve in the USA or the Bank of England in the UK. Key Facts Founded: April 1, 1935 Headquarters: Mumbai, Maharashtra Governor: Sanjay Malhotra (2026) Currency: Indian Rupee (₹/INR) Priority: Price stability, financial inclusion Functions of RBI 1. Monetary Policy RBI controls the money supply and interest rates to maintain price stability. ...

Daily Indian Fintech & Banking Brief – 8 March 2026 RBI Proposes New Digital Banking Fraud Protection Rules: The Reserve Bank of India (RBI) has proposed new regulations effective from July 1, 2026, to enhance customer protection against digital banking fraud. The draft Third Amendment Directions, 2026, cover UPI payments, internet banking, mobile banking, and card transactions. Key highlights include clearer definitions of authorized vs. unauthorized transactions, with transactions using fraudulently obtained credentials or those executed under coercion deemed fraudulent. Customers must report fraud within 5 days to both their bank and the National Cyber Crime Helpline (1930) to be eligible for compensation. A compensation mechanism provides up to 85% of losses (or Rs 25,000, whichever is lower) for frauds up to Rs 50,000, available once in a customer’s lifetime. The RBI has invited public feedback on these proposals until April 6, 2026. Read more: Money Control ...

Daily Indian Fintech & Banking Brief – 6 March 2026 TCS Eyes More AI Data Centers in India: Tata Consultancy Services is in advanced talks with multiple hyperscalers for additional AI data center partnerships in India, following its recent OpenAI deal. CEO K Krithivasan said India will need about 10 gigawatts of AI data center capacity by 2030, while only 5-6 GW have been announced so far. TCS plans a $7-8 billion investment for infrastructure including racks, connectivity, power, and cooling. The company aims to offer end-to-end AI services including infrastructure, model training, agents, and application intelligence to its banking clients. Read more: Business Standard ...

Daily Indian Fintech & Banking Brief – 5 March 2026 PhonePe still plans an April IPO at a $9-10.5 billion valuation while Walmart trims about 12% of its stake, Tiger Global and Microsoft look to exit, and the company hopes to raise roughly $1.05 billion even as it waits for market and geopolitical cues. Read more: Economic Times Moneyview filed a DRHP for a Rs 1,500 crore fresh issue plus an offer-for-sale, citing Rs 2,379 crore of FY25 revenue, Rs 240 crore of net profit, and stronger 9MFY26 results, and saying the proceeds will back Default Loss Guarantee loans, beef up Whizdm Finance and cover general corporate purposes. Read more: Economic Times ...

Daily Indian Fintech & Banking Brief – 4 March 2026 NPCI is moving to roll out a fully digital KYC onboarding for UPI One World, letting travellers register via an app and upload passport scans instead of visiting a bank branch, which should widen uptake of instant payments among foreign visitors once RBI signs off and partners such as Pine Labs and Payworld update their flows. Oxyzo has launched Oxyzo Credit Fund I, a performing credit AIF managed by Oxyzo Investment Manager that will back secured growth loans to mid-sized corporates, already taking commitments from HNIs, family offices and institutions as it targets Rs 3,000 crore of capital over the next four-five years. Fino Payments Bank insists its move toward a small finance bank remains on track despite CEO Rishi Gupta’s arrest, with interim head Ketan Merchant saying the RBI stays fully updated, deposits and CASA growth stay healthy, and customer servicing is undisturbed while authorities probe GST-related concerns.