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News

India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

News

India and Ghana Accelerate Unified Payment Interface Integration for Seamless Cross-Border Payments

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

News

State Bank of Pakistan Policy to Enhance Financial Inclusion of Persons With Disabilities

The new policy aims at financial independence for people with disabilities by improving their access to banking services as well as providing opportunities to contribute as bank employees.