Rbi

Fintech Brief — August 04, 2026 Government Opens the Door to UPI Merchant Charges via Payments Act Amendment The Union government has proposed amending Section 10A of the Payment and Settlement Systems Act, 2007 — the clause that currently imposes a blanket ban on charging fees for UPI transactions. The amendment, clubbed under the Taxation And Other Laws (Amendment) Bill, 2026, would replace the universal prohibition with a narrower exemption: only government-notified online payment modes would be MDR-free. Everything else — including UPI for large merchants — could attract a Merchant Discount Rate. ...

Fintech Weekly Deep Dive — India’s $41 Billion Forex Firewall | Week of July 27 – August 2, 2026 Executive Summary In eight weeks, the Reserve Bank of India has pulled off what may be the fastest capital mobilisation in Indian central banking history. The concessional forex swap facility announced on June 5, 2026 has attracted $40.82 billion in foreign currency inflows by July 31 — surpassing the entire $26 billion raised under the iconic 2013 FCNR(B) swap window, and doing it in roughly half the time. ...

Fintech Brief — July 30, 2026 Delhi High Court Orders Winding Up of Paytm Payments Bank The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL), formalising the end of one of India’s most prominent payments banks. Through orders dated July 8 and July 22, 2026, the court directed liquidation under the Banking Regulation Act, 1949, read with the Companies Act, 2013. The RBI, which had cancelled PPBL’s banking licence in April 2026 citing persistent non-compliance with regulatory norms, confirmed the development on July 29. Former SBI Chief General Manager Girikumar M. Nair has been appointed Official Liquidator, assuming all powers previously held by PPBL’s board from July 8 onwards. The liquidator is tasked with managing asset recovery, settling claims, and ensuring compliance throughout the winding-up process. 1 ...

Fintech Brief — July 28, 2026 RBI’s Dollar-Inflow Schemes Draw $32 Billion, Strengthen BoP RBI Governor Sanjay Malhotra revealed in an interview with The Hindu Businessline that the central bank’s June-announced dollar-mobilisation measures have attracted nearly $32 billion in inflows. The bulk came via the Foreign Currency Non-Resident (FCNR(B)) deposit scheme, with an additional $7 billion entering government securities through debt FPIs following tax changes. Malhotra noted that the rupee is “not undervalued” at current levels and the 5.25% repo rate remains appropriate. Critically, he acknowledged that the dollar inflows haven’t fully translated into rupee liquidity — partly because rising government cash balances are absorbing the domestic currency side. With the August 3-5 MPC meeting approaching, 95% of economists in a Reuters poll expect rates to remain on hold through 2026, citing Middle East war risks to growth. ...

Fintech Deep Dive — Saturday | July 25, 2026 Consumer Rights, Complaints, Fraud & Safeguards 1. RBI’s Beefed-Up Ombudsman Scheme Goes Live — But Is ₹30 Lakh Enough? The Reserve Bank–Integrated Ombudsman Scheme (RB-IOS), 2026 went into effect on July 1, replacing the 2021 framework. For consumers wronged by banks, NBFCs, prepaid payment instrument issuers, and credit information companies, the new scheme brings meaningful upgrades — but also raises questions about whether the protections match the scale of the problem. ...

Fintech Brief — July 18, 2026 RBI Bars Banks from Selling Stressed Assets Back to Defaulters The Reserve Bank of India issued final prudential norms on Specified Non-Financial Assets (SNFAs) on July 16, barring banks, small finance banks, and NBFCs from selling immovable property acquired during loan recovery back to the defaulting borrower or any related party. 1 The directions — issued as amendments to the Resolution of Stressed Assets framework for commercial banks, SFBs, and NBFCs — are effective from October 1, 2026. Lenders must now: ...

Fintech Deep Dive — Friday | July 17, 2026 Theme: Policy & Regulation (RBI, SEBI, Compliance) This week has been a watershed for Indian fintech regulation. The RBI has issued or proposed no fewer than four major regulatory frameworks that will reshape how fintechs operate, how banks are governed, and how consumer fraud is addressed. Simultaneously, the DPDP Act compliance deadline is approaching, and the fintech sector is scrambling. Here’s a deep dive into the five most consequential policy developments of the week. ...

Fintech Deep Dive — Saturday | July 11, 2026 Theme: Consumer Rights — Complaints, Fraud, and Safeguards This week saw a flurry of consumer protection measures from the RBI, a chilling Bluetooth-based security vulnerability affecting millions of e-rickshaw drivers, and renewed attention to fraud compensation frameworks. Here are the five most significant developments shaping consumer rights in Indian fintech. 1. RBI’s Digital Fraud Compensation Framework: A Landmark (But Imperfect) Safety Net On June 24, the RBI issued final amendments to its “Limiting Customer Liability in Digital Transactions” framework, introducing a first-of-its-kind pilot compensation scheme for victims of digital banking fraud. The scheme, effective January 1, 2027, offers a one-time lifetime benefit to individual customers (including sole proprietors) who suffer losses due to fraudulent electronic banking transactions. ...

Fintech Brief — July 09, 2026 RBI Reasserts Crypto Ban Push as 39 Million Traders Hold $2.1 Billion in Digital Assets The Reserve Bank of India has doubled down on its longstanding opposition to cryptocurrencies, with government documents reviewed by Reuters revealing that the central bank is pushing for a crypto policy “leaning towards prohibition.” The RBI’s position remains that cryptocurrencies should be kept outside the regulated financial system to preserve monetary stability. ...

Fintech Weekly Deep Dive — RBI’s Digital Fraud Safety Net | Week of June 29, 2026 Executive Summary India is losing over ₹60 crore every single day to digital fraud. In 2025, 28 lakh cyber fraud complaints were filed with losses totalling ₹22,495 crore — a threefold jump from just two years earlier. Yet historically, fewer than 6% of victims recovered any of their money. The system worked in favour of the fraudster: you lost your money, your bank denied liability, and the police investigation went nowhere. That equation is about to change. ...