1) The Indian government is launching the “One State, One RRB” policy to enhance operational efficiency and reduce competition by consolidating the existing 43 Regional Rural Banks (RRBs) into 28. This move aims to improve credit flow and service delivery, particularly in rural areas, by merging smaller, less efficient banks. The consolidation builds on previous efforts that reduced the number of RRBs from 196 to 43, with states like Andhra Pradesh, Uttar Pradesh, and West Bengal most affected by the restructuring. The policy focuses on cost rationalization and strengthening the financial and operational frameworks of RRBs…for more banking news visit www.eminentnews.com
2) The Reserve Bank of India (RBI) has launched its official and verified WhatsApp channel as part of the ‘RBI Kehta Hai’ campaign to promote financial literacy, digital safety, and fraud prevention. This initiative delivers real-time financial updates, enhances digital trust, and ensures inclusive outreach by tapping into WhatsApp’s vast user base, especially in rural and remote areas..
3) Reserve Bank of India (RBI) authorized NPCI to revise UPI Person-to-Merchant (P2M) transaction limits, allowing greater flexibility for evolving user needs and merchant use cases, while keeping the P2P limit unchanged at ₹1 lakh. Banks can set internal limits within NPCI’s range, with exceptions for P2M transactions in sectors like education, healthcare, and credit card bill payments, now permitted up to ₹2–5 lakh. The move supports fintech innovation and digital payment adoption , with risk safeguards in place.
4) Juspay, a Bengaluru-based payments infrastructure provider, became India’s first unicorn of 2025 after raising $60 million in a Series D funding round, led by Kedaara Capital, with participation from SoftBank and Accel. This funding pushed Juspay’s valuation past the $1 billion mark. The company plans to enhance its technology through AI and expand into international markets, including APAC, Latin America, Europe, UK, and North America. Despite facing challenges like the loss of major clients such as Razorpay and PhonePe, Juspay aims to focus on AI-led productivity and global expansion to maintain growth momentum…
5) India’s IIP growth slowed to 2.9% in February 2025, marking the lowest pace in six months, due to weak performance in mining (+1.6%), manufacturing (+2.9%), and electricity (+3.6%), coupled with a high base effect. While most use based sectors showed reduced output, capital goods stood out with a robust 8.2% growth. In contrast, consumer nondurables declined by –2.1%, and month-on-month momentum dropped across all segments after a 5-month positive streak…
6) India’s economy shows resilient growth amid global uncertainties, with the Asian Development Outlook (ADO) April 2025 projecting GDP growth of 6.7% in FY2025 and 6.8% in FY2026, fueled by strong domestic demand, rising rural incomes, and moderating inflation. The Asian Development Bank (ADB) attributes this momentum to supportive fiscal and monetary policies, while the Reserve Bank of India (RBI) has revised its FY2025 forecast to 6.5%…
7) BlackRock, along with other US and European investors, participated in a $750 million private bond issue by the Adani Group to fund Renew Exim’s acquisition of ITD Cementation. This marks a cautious return of investor confidence despite ongoing legal challenges, including a $256 million bribery case involving Gautam Adani
8) In April 2025, several significant announcements were made in India’s banking sector. Bandhan Bank launched the Elite Plus Savings Account for High Net-worth Individuals (HNIs), offering benefits like unlimited cash deposits and enhanced insurance coverage. Bank of Baroda introduced the bob Square Drive Deposit Scheme, providing attractive interest rates (up to 7.80% p.a.) for senior citizens and general customers…for more banking news visit www.eminentnews.com thank you
