RBI Fine on American Express

• Name: American express bank Corp.
• Penalty: 31.80 lakh monetary fine.
• Date: October 1, 2025
• Justification: A breach of the guidelines related to Credit and Debit Cards provided by RBI (2022).
• Ruling: RBI affirmed the charges having considered submissions and representations of bank.
• Legal Force: Section 47A(1)(c) and section 46(4)(i) of the Banking regulation act, 1949.

Live A2A Payments + Digital Commerce Trends.
Global Share:

• The proportion of account-to-account (A2A) real-time payments is approximately a quarter of all retail digital transactions in the global world.
• Leading Markets (>50% share):
• India: UPI (more than 400 million users).
• Brazil: Become Pix (160 million users) driven.
• Use Cases: Bill payments, merchant, enterprise, and peer-to-peer.

Organizers:

• Lal Bahadur Shastri National Academy of Administration (LBSNAA).
• NITI Aayog (under the State Support Mission).

Event Highlights:

• Opening address: Shri B.V.R. Subrahmanyam, CEO, NITI Aayog.
• Important invitees: Shri Sriram Taranikanti (Director, LBSNAA), senior NITI Aayog officials, LBSNAA faculty and Aspirational Districts and Blocks District Collectors/Magistrates.

Event Details

•  Location: Global Fintech Fest (GFF) 2025.
•  Venue: Mumbai, Maharashtra
•  UK Prime Minister Keir Starmer is the guest of honour.
•  Vision: Powered by AI, Augmented Intelligence, Innovation, and Inclusion - Empowering Finance to make the world a better place.

1. Event Overview:

• Name: First ever vibrant Gujarat Regional Congress.
• Location: Mehsana, Gujarat, North.
• Vision: Part of Viksit Bharat @2047 of PM Modi.
• Purpose: To decentralize all parts of the state with the success of Vibrant Gujarat Global Summit.