Context: The Reserve Bank of India (RBI) has approved changes to Yes Bankās Articles of Association (AoA) regarding the appointment of nominee directors following a stake acquisition by Sumitomo Mitsui Banking Corporation (SMBC), Japan. Articles of Association (AoA) The Articles of Association (AoA) is a legal document that defines the internal rules, regulations, and management structure of a company. It governs the relationship between the company, its shareholders, and its directors. Key Features: Examples of AoA Provisions:
Viyona Fintech Approved as Third-Party Application Provider (TPAP) by NPCI
Context: Hyderabad-based Viyona Fintech, a digital payments platform, has been granted approval by the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP), enabling support for UPI-based transactions. Key Details: Third-Party Application Provider (TPAP) A Third-Party Application Provider (TPAP) is a regulated intermediary that facilitates digital payments (like UPI) between customers and banks through mobile apps or web platforms, without holding the customersā funds. Key Features:
RBI, NPCI Set to Launch Netbanking 2.0
Context: At least four major banks HDFC Bank, Axis Bank, SBI, and AU Small Finance Bank along with several online payment aggregators are preparing to go live on Netbanking 2.0, a new interoperable netbanking switch developed by NPCI Bharat BillPay Ltd. (NBBL). The official launch is expected by RBI Governor Sanjay Malhotra at the Global Fintech Fest 2025 (Oct 7ā9). Netbanking 2.0 Features: Benefits:
SEBI Launches Swagat-FI
Source: Mint Context: The Securities and Exchange Board of India (SEBI) unveiled the Single Window Automatic & Generalised Access for Trusted Foreign Investors (Swagat-FI) on 12 September 2025 the most comprehensive reform of foreign investment rules to date. The framework is designed to simplify onboarding, unify investment routes, and attract long-term global capital into India. Key Features of SWAGAT-FI Objectives and Implications Challenges & Considerations
RBI Issues Final Guidelines for Payment Aggregators (PAs)
Source: ET & Mint Context: The Reserve Bank of India (RBI) has released its comprehensive final guidelines for Payment Aggregators (PAs), aimed at enhancing transparency, security, and governance in the digital payments ecosystem. These norms cover authorization, capital requirements, fund management, data security, and consumer protection. Key Highlights: Payment Aggregators (PAs) A Payment Aggregator (PA) is a financial entity that facilitates online payments by collecting money from customers on behalf of merchants and transferring it to the merchant after settlement. PAs do not hold a banking license but act as intermediaries between customers, merchants, and banks. Regulatory Framework:
Yudh Abhyas 2025
Source: IE Context: The 21st edition of Yudh Abhyas, the annual IndiaāUS joint military exercise, concluded successfully on September 14, 2025, after two weeks of intensive engagement. The exercise highlights deepening IndiaāUS defence cooperation despite ongoing trade frictions. Key Highlights:
NITI Aayog Launches āAI for Viksit Bharat Roadmapā & Frontier Tech Repository
Source: PIB Context: NITI Aayog launched two transformative initiatives, AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub. Key Highlights of the AI for Viksit Bharat Roadmap Economic Potential: Supporting Initiatives: Frontier Tech Repository Additional Initiatives Significance
Corteva Agriscience Launches New Pesticides for Potato and Grapes
Source: TH Context: Global agri-science company Corteva Agriscience has launched two new pesticides in India targeting Downy Mildew in grapes and Late Blight in potatoes, two of the most destructive crop diseases affecting farmersā productivity and income. Key Highlights: Implications for Indian Agriculture
Sebi Pushes Capital Market Reforms to Enhance Depth and Investor Participation
Source: TOI Context: The Securities and Exchange Board of India (Sebi) has implemented a series of structural reforms aimed at broadening market participation, improving transparency, and attracting quality securities into the Indian capital market. The reforms target both primary and secondary markets to make the investment ecosystem more appealing for domestic and institutional investors. Key Reforms:
UPI-Based Cash Withdrawals to Expand Through Business Correspondents
Source: BS Context: The National Payments Corporation of India (NPCI) is planning to extend Unified Payments Interface (UPI)-based cardless cash withdrawals beyond ATMs and limited merchant outlets. This initiative aims to make cash access more convenient and accessible, particularly in underbanked and rural areas. Business Correspondent (BC) Key Highlights:
