India

Fintech / Regtech

India Enlists Accounting Body for Sovereign AI Model Development

By Mark Johnston | 16/10/2025

The ICAI will provide financial data from listed companies to support the nation's sovereign AI ambitions.

Fintech / Regtech

India's New Cheque Clearing System Faces Teething Problems

By Editors | 15/10/2025

A bank employees' union has flagged software glitches and inadequate training, leading to delays and increased workloads during the Diwali season.

Capital / Liquidity

RBI Allows Rupee Lending to Bhutan, Nepal, and Sri Lanka

By Nithya Subramanian | 15/10/2025

The move to permit rupee lending across borders underscores a push to enhance regional financial integration and reduce dollar dependence in South Asia.

ESG / Sustainability

India’s IFSCA Sets Norms for Appointing Independent Directors at MIIs

By Nithya Subramanian | 14/10/2025

The new framework requires PIDs to have expertise across capital markets, mandates regulator approval for all appointments, and introduces annual performance reviews.

Capital / Liquidity

RBI Allows Exporters to Hold Foreign Currency Accounts in IFSCs

By Nithya Subramanian | 14/10/2025

The amendment also clarifies timelines for repatriation of export proceeds and formally brings IFSCs under the FEMA framework.

Fintech / Regtech

NPCI, Razorpay, OpenAI Team Up to Pilot ‘Agentic Payments’

By Nithya Subramanian | 14/10/2025

In this initiative, AI and UPI converge in a bid to make digital payments more intuitive and inclusive, enabling secure, user-authorised transactions powered by intelligent assistants.

Securities / Derivatives

SEBI Eases Disclosure Rules for Minor Related Party Transactions

By Nithya Subramanian | 14/10/2025

The relaxed disclosure norms reduce compliance burden on listed firms while maintaining transparency safeguards.

Fintech / Regtech

RBI Launches Digital Payment Innovations, Integrating AI and IoT with UPI

By Nithya Subramanian | 14/10/2025

New platforms include AI-powered customer support, frameworks for IoT and wearable payments, multi-signatory approvals for businesses, and a new system for managing credit lines directly on the UPI network.

Crypto / Digital Assets

India Launches Crackdown on Crypto Tax Evasion via Binance

By Nithya Subramanian | 14/10/2025

Tax authorities said some wealthy individuals used overseas remittances under RBI’s LRS framework to fund undeclared crypto trades on foreign exchanges such as Binance.