QR Code Based Merchant Loans Are Powering a Silent Credit Revolution for India’s Small Businesses QR Code Based Merchant Loans are quietly reshaping the way India’s small businesses access formal credit. What began as a simple digital payment convenience has now evolved into a powerful underwriting tool, enabling NBFCs to lend confidently to kirana stores, small traders, and neighbourhood service providers who were earlier outside the formal credit ecosystem. Across India’s markets — from local […]

UAE India DTAA ITAT Ruling A Powerful Relief for Non-Resident Taxpayers Facing ITR Notices UAE India DTAA ITAT Ruling has recently become a landmark reference point for thousands of non-resident individuals and foreign companies earning passive income from India. In a case that initially began with a tax notice issued merely due to non-filing of an Income Tax Return (ITR), the Income Tax Appellate Tribunal (ITAT), Delhi, delivered a strong, well-reasoned judgement that reinforces both […]

RBI Tweaks Lending Norms 2025 – Big Changes for Banks & NBFCs to Prevent Regulatory Gaps RBI tweaks lending norms 2025 introduces a much-needed tightening of governance and group-level oversight across India’s banking and NBFC ecosystem. These changes align NBFC regulations with those applicable to banks, reduce regulatory arbitrage, and ensure that related-party transactions, lending against shares, and group business structures are properly monitored. The new framework reflects RBI’s continuing focus on prudential governance, transparency, […]

RBI Basic Savings Account Rules 2025: New Mandate for Mobile Banking, Zero Cash Deposit Charges & Wider Access RBI basic savings account rules 2025 bring a major shift in how banks must treat Basic Savings Bank Deposit (BSBD) accounts, ensuring that these low-cost and essential accounts offer the same level of digital access and customer convenience as regular savings accounts. The revised framework mandates free cash deposits, compulsory mobile and internet banking facilities, and the […]

Urjit Patel IMF Executive Director: India’s Global Voice in Financial Governance   Executive Summary / Key Highlights Former RBI Governor Urjit Patel has been appointed as IMF Executive Director for three years. Appointment approved by the Appointments Committee of the Cabinet (ACC) on 28 August 2025. As Urjit Patel IMF Executive Director, he will represent India’s interests at the International Monetary Fund. Patel earlier worked with IMF (1996–97) and advised on India’s debt, banking, pensions, […]