NPCI, the body behind India’s UPI payments system, has tightened rules by capping daily transactions per account at 10. This is a drop from the earlier limit of 20, introduced via a circular dated October 21. The move targets artificial, incentive-driven transactions that can distort usage patterns on the platform.
Paytm founder Vijay Shekhar Sharma is calling for regulatory and technology reforms to streamline India’s IPO process. His push centers on using CBDC, the central bank backed digital rupee, for IPO settlements—potentially shortening transaction timelines and enabling real-time fund transfers instead of relying on slower settlement cycles.
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JPMorgan CEO Jamie Dimon says losses in the $1.8 trillion private credit market may be “higher than expected.” But the warning isn’t new: the Fed, IMF, Financial Stability Board, and other regulators have been assembling evidence for over a year. The report connects the risk from loan origination through private credit vehicles to where a wider shock could emerge.
Peer-to-peer lending firms are watching closely as the RBI seeks comprehensive financial data from P2P players. Industry participants believe the move could set up major policy changes, including a possible revision of the current Rs 10 lakh lending cap. The regulator’s data request signals a deeper review that may reshape how P2P platforms operate going forward.
The World Bank has asked India’s finance ministry to stop hearing appeals against RBI orders and transfer that power to an independent, tribunal-style body. Supporters argue it would improve fairness and transparency, but critics note it revives an idea already pushed a decade ago by the Financial Sector Legislative Reforms Commission—raising questions about design and impact.
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