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The Reserve Bank of India has proposed draft guidelines directing banks and housing finance companies to follow stricter rules while using recovery agents. Banks must give borrowers written details of assigned agents, avoid setting targets that may lead to harsh practices, and not engage agents if a grievance is already filed. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yBvlUmq via IFTTT

Payment digitisation rose further in the six months to September 2025, extending a year-long trend, the Reserve Bank of India (RBI) said. The RBI’s Digital Payments Index (RBI-DPI) stood at 516.76 in September 2025, up from 465.33 a year earlier and 493.22 in March 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0pEM7Yn via IFTTT

Liquidity, which was tight just two months ago, has swung into its largest surplus in six months. The RBI has stayed away till now from draining any short-term cash, prompting analysts to ask whether the authority is allowing easier financial conditions to enforce the transmission of earlier rate cuts to the broader economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HA2qK7Z via IFTTT

Canara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a petition to restart insolvency proceedings. This follows a failed one-time settlement offer by the company. The auction aims to gauge investor interest. Bids are due February 21. An electronic auction is scheduled for March 13. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fiIteSq via IFTTT

While speaking at the Axis Bank Champions Awards ceremony, the RBI DG said, " the temptation to cut corners, to postpone a difficult disclosure, to take a convenient interpretation, or to treat a complaint as an inconvenience. Ethics is what stops small compromises from becoming large problems. It is not about being perfect. It is about how you handle grey areas, and how fairly and quickly you correct a mistake," he said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eKgEowv via IFTTT

Tamilnad Mercantile Bank is shifting its focus to boost revenues. Over half its staff will be retrained for sales roles. Technology investments will automate many routine tasks. The bank plans to hire over 200 new employees. This strategic move aims to enhance customer engagement and expand its business segments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B5fog6M via IFTTT