RBI

India’s financial ecosystem is undergoing a transformative shift, as revealed in the Reserve Bank of India’s (RBI) 2024 report on digital payments. The data underscores a dramatic surge in cashless transactions, driven by expanding fintech adoption, robust infrastructure, and government-backed digital initiatives. Unified Payments Interface (UPI) remains the cornerstone of this growth, registering record volumes, while card-based and prepaid instruments continue to gain traction.

The Reserve Bank of India (RBI) has undertaken a significant overhaul of its regulatory framework governing foreign entities operating in India. The move aims to streamline compliance, enhance transparency, and align cross-border investment norms with evolving global standards. By rationalizing reporting requirements, clarifying thresholds for foreign ownership, and simplifying procedural obligations, the RBI seeks to improve ease of doing business for overseas investors while safeguarding domestic financial stability.

The Reserve Bank of India (RBI) Deputy Governor emphasized the strategic role of shared technology platforms in driving operational efficiency and economies of scale across public sector banks (PSBs). Speaking at a financial services conference, the Deputy Governor noted that leveraging common infrastructure, digital solutions, and core banking systems enables PSBs to reduce costs, streamline processes, and enhance customer experience.

The Reserve Bank of India (RBI) has finalized a significant land acquisition in Mumbai's Nariman Point area, purchasing a 4.2-acre plot from the Mumbai Metro Rail Corporation Ltd (MMRCL) for ₹3,472 crore. This strategic move aims to consolidate RBI's operations, currently spread across various rented premises, into a single, owned facility. The deal, registered on September 5, 2025, is among the largest institutional land transactions in Mumbai's recent history, with the land offering a buildable area of approximately 1.6 million square feet.