Context: Axis Bank has partnered with a Fortune 500 company to launch a B2B collections solution through NBBL’s Bharat Connect (formerly BBPS), becoming the first bank in India to go live with this initiative. The solution leverages Axis Bank’s robust API banking stack and offers a seamless, scalable and customizable platform for B2B payments. Business-to-Business (B2B) B2B, short for business-to-business, refers to commercial transactions and interactions between two or more businesses, rather than transactions with individual consumers. It involves the exchange of products, services, or information between companies, where one acts as a supplier or provider to another.  Key Features of the B2B Collections Solution About Axis Bank This partnership marks a significant milestone in India’s digital payment evolution by introducing a first-of-its-kind B2B invoice payment and financing platform, enhancing the efficiency of collections for corporates and their distributors. BS

Context: IDFC FIRST Bank has been authorised by the Central Pension Accounting Office (CPAO) to disburse pensions to central government pensioners, including: Integration and Technical Readiness Joint Account Facility for Family Pension Financial Snapshot of IDFC FIRST Bank This authorisation positions IDFC FIRST Bank to enhance its services by facilitating pension disbursements for central government pensioners, reflecting its commitment to expanding public sector banking services. TET

Context: Bank of Maharashtra has partnered with Customer Capital, a specialist in captive commerce loyalty solutions, to launch an exclusive travel platform and loyalty rewards program for its cardholders. The collaboration is designed to enhance the user experience and promote greater customer engagement through a branded travel booking service accessible via the Bank of Maharashtra’s card website and app. Key Highlights of the Partnership Strategic Implications for the Loyalty Market About Customer Capital This partnership marks a significant move by Bank of Maharashtra to strengthen its digital offerings and loyalty capabilities. By adopting Customer Capital’s Tripstacc platform, the bank is set to offer a highly personalized, data-informed travel booking experience, solidifying its role in the evolving landscape of customer-centric financial services. BS

Context: Citi and the State Bank of India (SBI) have launched a $295 million social loan facility aimed at improving financial access for small and marginal farmers. The credit will be routed through SBI’s Kisan Credit Card (KCC) loan portfolio, ensuring that rural farmers receive the funds necessary to enhance productivity and income. Objectives and Scope Key Features of the Collaboration SBI Share Performance Snapshot (as of April 04, 2025 – 10:10 AM) The Citi-SBI social loan facility stands as a transformative step toward democratizing credit in India’s agricultural sector. By combining Citi’s financial innovation with SBI’s expansive rural network, the initiative not only fosters rural economic resilience but also underlines the shared commitment to inclusive and sustainable growth.

Key Highlights from SBI Report Rising Share in Financially Underserved States: State-wise Growth in Loan Share Reasons Behind the Shift Loan Disbursement Trends and Growth Metrics Remaining Challenges and Way Forward The SBI report confirms that the PMMY has matured into a more inclusive scheme, now actively bridging regional disparities in credit distribution. While financial access has improved, the next phase must focus on enhancing usage, business sustainability, and economic empowerment at the grassroots level.

Removal of Cheque Leaf / Attested Bank Passbook Upload Requirement What’s Changed: Background & Pilot Success: Why It Matters: Elimination of Employer Approval for Bank Account Seeding with UAN What’s Changed: Current Process & Bottlenecks: Impact of the Reform: Benefits of the New EPFO Process Simplification PIB

Context: BlackSoil Capital and Caspian Debt have secured approval from the Reserve Bank of India (RBI) for their merger. The deal now awaits clearance from the National Company Law Tribunal (NCLT), expected within six to nine months. Key Details Strategic Impact

Context: The National Company Law Appellate Tribunal (NCLAT) has approved Bharti Telecom’s 2018 capital reduction scheme, rejecting minority shareholders’ objections that the scheme was unfair and non-compliant with legal standards. Key Points Minority Shareholder Objections Legal and Procedural Compliance TET

Context: Lenders have urged the Reserve Bank of India (RBI) to revert to the daily overnight borrowing window as the main liquidity tool. They argue this shift would improve systemic liquidity predictability and enable faster transmission of policy rate cuts. Key Discussion Points Liquidity Framework Banking System & Market Impact TET

Context: The Reserve Bank of India’s first open market operation (OMO) purchase for FY26 drew strong demand, with bids totaling ₹80,820 crore, four times the notified amount of ₹20,000 crore. The RBI has also decided to skip the 14-day main variable rate repo (VRR) operation for April 4–17, citing improved liquidity. Key Highlights Liquidity and Repo Operations Upcoming Plans Bond Market Movement TET