RNFI Money

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RNFI Money Wins RBI Nod for Cross-Border Trade Remittances

RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, a regulatory step that broadens its role in formal foreign exchange and payment flows. The licence, which the company says carries perpetual validity, positions RNFI to deepen its reach through an existing last-mile network while complementing its parent’s recent in-principle authorisation as a Payment Aggregator–Physical.

By RDU Global Wire5 min read

Legal, Courts & Regulatory2h ago

Tamil Nadu to Challenge Ponmudy Acquittal in Rs 28.37-Crore Red Sand Case, ED Tells Madras High Court

The Tamil Nadu government will appeal against the acquittal of former DMK minister K. Ponmudy, his son Gowtham Sigamani and five others in the Rs 28.37-crore red sand quarrying case, the Enforcement Directorate told the Madras High Court. The development comes as Ponmudy seeks to quash the money-laundering proceedings, arguing that the acquittal in the predicate offence leaves no basis for the ED case.

5 min readRead →

Legal, Courts & Regulatory2h ago

Madras High Court Quashes Cognisance Order in ED Case Against Jaffer Sadiq, Citing Hearing Rights Under BNSS

The Madras High Court has set aside a Chennai sessions court order that took cognisance of an Enforcement Directorate money laundering complaint against alleged drug smuggler Jaffer Sadiq without first hearing him. While quashing that procedural step, the court restored the complaint and directed the lower court to proceed in line with Section 223(1) of the Bharatiya Nagarik Suraksha Sanhita, which requires an opportunity of hearing before cognisance is taken.

5 min readRead →

Banking, Fintech & Insurance7h ago

RBI to Drain Rs 2 Trillion in Overnight Liquidity via VRRR Auction on September 28

The Reserve Bank of India will conduct an overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility on September 28, 2026, offering to absorb up to Rs 2,00,000 crore from the banking system for one day. The move signals the central bank's continued active management of short-term liquidity as it reviews evolving money-market conditions.

5 min readRead →

Banking, Fintech & Insurance7h ago

RBI Announces Rs 24,000 Crore Treasury Bill Auction Across 91-, 182- and 364-Day Papers

The Reserve Bank of India has announced an auction of Government of India Treasury Bills worth Rs 24,000 crore, split across 91-day, 182-day and 364-day maturities, with settlement set for October 1, 2026. The sale will use a price-based multiple price method and will be open to competitive and non-competitive bidders, including retail investors through the RBI Retail Direct portal.

5 min readRead →

Banking, Fintech & Insurance7h ago

RBI Sets Rs 2.99 Trillion Treasury Bill Auction Calendar for Oct-Dec 2026

The Reserve Bank of India has released the government's Treasury Bill auction calendar for the quarter ending December 2026, mapping out weekly borrowings across 91-day, 182-day and 364-day papers. The schedule shows a planned issuance of Rs 2.99 trillion, with the central bank retaining flexibility to alter amounts or timing if market conditions, government funding needs or holidays require changes.

4 min readRead →

Banking, Fintech & Insurance7h ago

RBI Releases Fortnightly Money Supply Data for September 15 as Markets Watch Liquidity Signals

The Reserve Bank of India on Friday released its money supply data for the fortnight ended September 15, 2026, a routine but closely watched indicator of liquidity conditions in the financial system. The release, issued through the central bank's communications office, comes as investors, lenders and policymakers continue to track monetary trends for clues on credit demand, inflation pressures and broader economic momentum.

4 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside RNFI Money:

RNFI Services(1)Reserve Bank of India(1)New Delhi(1)