This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits.

Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform ... of registration to Flipkart Finance Private Limited, a document that ...

Central Bank of India partners with Generali for insurance ventures, acquiring stakes in Future Generali India companies.

Since 2004, the Reserve Bank of India has prohibited individuals from opening a bank account, trading account, or demat account without fulfilling the KYC procedure for KYC.

India’s central bank drained 849.75 billion rupees ($10 billion) of excess cash from the banking system in its first such ...

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) minutes, released Friday, indicate a strong consensus for a 50… June 21, 2025 08:02 IST The post-policy bond market ...

Bank frauds in India have tripled. Payment scams are increasing rapidly. Digital transactions account for more than half of ...

The transaction has already received the necessary regulatory clearances, including approval from the Reserve Bank of India ...

More Information. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

Walmart Flipkart: Flipkart, owned by Walmart, has secured a non-bank finance company (NBFC) licence from the Reserve Bank of India, enabling it to directly offer loans to customers and sellers.