Fino Payments Bank

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Banking, Fintech & Insurance 08 Oct 2026, 05:17 PM IST

Fino Payments Bank Surges 13% After September Update as Loan Referrals Jump 223%

Fino Payments Bank shares climbed 13.34% to Rs 145.80 after the lender’s September 2026 business update showed broad-based growth across CASA, deposits, renewal income, digital customers, CMS throughput and loan referrals. The stock’s sharp rally came despite weakness in transaction throughput and new deposit accounts, underscoring a mixed operating picture that investors are weighing against a still-depressed valuation.

By RDU Global Wire5 min read

Banking, Fintech & Insurance08 Oct 2026, 02:56 PM IST

Fino Payments Bank Shares Jump 13% After September Update as Loan Referrals Surge 223%

Fino Payments Bank shares climbed 13.34% to Rs 145.80 after the company’s September 2026 business update pointed to broad-based operating momentum, led by a 223% jump in loan referrals. The update also showed strong gains in CASA, deposits, renewal income, digital customers and CMS throughput, even as transaction throughput and new deposit accounts weakened.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 12:45 PM IST

RBI Removes Paytm Payments Bank From Scheduled Banks List

The Reserve Bank of India has removed Paytm Payments Bank from the list of scheduled banks, deepening the regulatory fallout from its earlier action against the lender. The move follows the central bank’s April decision to cancel the bank’s licence over persistent non-compliance and concerns that its operations were conducted in a manner detrimental to depositors.

5 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 04:14 PM IST

RBI Deputy Governor Says UPI Merchant Fee Will Not Trigger a Cash Rebound as MDR Returns on High-Value Payments

The Reserve Bank of India’s Deputy Governor Shirish Chandra Murmu has said the reintroduction of a merchant discount rate on UPI payments above Rs 2,000 will not automatically push consumers back to cash. His comments come as policymakers prepare for the October 15 implementation of the fee structure, reviving debate over the economics of digital payments and the future of cash in India.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 09:33 AM IST

No GST Should Apply to MDR on UPI Payments, Says C. Rangarajan

Former Reserve Bank of India Governor C. Rangarajan has argued that the government should not levy GST on the merchant discount rate linked to UPI transactions, warning that any tax burden on digital payments could slow adoption. His remarks add fresh policy weight to an ongoing debate over how India should balance revenue considerations with the push for cashless commerce.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 04:09 AM IST

RNFI Money Wins RBI Approval for Cross-Border Trade Remittances, Expanding Its Regulated Payments Ambition

RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, marking a significant expansion of its regulated financial services footprint. The licence strengthens the company’s ability to serve trade-payment and foreign exchange needs through its existing last-mile network, while complementing RNFI Services’ recent in-principle authorisation to operate as a Payment Aggregator–Physical.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 04:47 PM IST

World Bank Flags Automation Risk to 69% of Jobs in India

The World Bank has warned that automation could threaten as many as 69% of jobs in India, underscoring the scale of disruption facing the country’s labour market as artificial intelligence and machine-driven systems spread across industries. The warning places India among the most exposed major economies, with China seen at 77% and Ethiopia at 85% in the cited research.

6 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 04:26 PM IST

RBL Bank Receives GST Show-Cause Notice for Over Rs 173 Crore

RBL Bank said it has received a show-cause notice from Maharashtra GST authorities proposing a demand of more than Rs 173.08 crore, including interest and penalty, over alleged wrongful input tax credit availment in FY23. The lender said it will contest the notice and does not expect a material financial impact, citing favourable orders in an identical matter.

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Banking, Fintech & Insurance08 Oct 2026, 04:26 PM IST

Anup Bagchi, ICICI Veteran of 34 Years, Set to Take Charge at HDFC Bank

Anup Bagchi, a long-serving ICICI Group executive with deep experience across retail and wholesale banking, is set to join HDFC Bank as managing director after receiving Reserve Bank of India approval. The appointment marks a significant leadership transition at India’s largest private lender, bringing in a banker known for operational breadth, steady execution and an unusually informal style for a top-tier banking executive.

6 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 04:05 PM IST

Indian Banks Seen Posting 11% Q2FY27 Profit Growth as FCNR Inflows Pressure Margins: Kotak

Indian banks are expected to report 11 percent year-on-year earnings growth in the second quarter of FY27, according to Kotak, with private lenders likely to outpace public sector banks. The brokerage said strong FCNR deposit inflows should support system deposit growth, but may temporarily compress net interest margins, even as asset quality remains broadly stable.

5 min readRead →

National Governance & Policy08 Oct 2026, 03:44 PM IST

Finance Ministry to Review Banks’ Progress on Inclusion Schemes on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the pace and effectiveness of India’s flagship financial inclusion programmes, with a focus on deposit access, credit delivery and social security coverage. The review is expected to examine whether schemes such as Jan Dhan, Mudra, Jeevan Jyoti Bima, Suraksha Bima and Stand-Up India are reaching intended beneficiaries at scale and with measurable impact.

6 min readRead →

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