• Initiative: Unified Markets Interface (UMI) to tokenise financial assets through wholesale Central Bank Digital Currency (CBDC)
• Announcement: RBI Governor Sanjay Malhotra at Global Fintech Fest 2025

HSBC invests one billion dollars in Indian Start-ups 

• Innovation: HSBC India: Innovation Banking platform.
• Intention: ₹8,880 crore (US$ 1 billion) to offer short-term working capital and term loans to start-ups.

• Measure: NPS and APY Combined Assets Under Management (AUM) higher than 16 lakh crore.
• Subscriber Base: More than 9 crore subscribers in the country.

• Background: RBI announced the application to accept NBFCs with Self-Regulatory Organisers (SROs) under the Omnibus Framework ( March 21, 2024).
• Recognition: Finance Industry Development Council (FIDC) was chosen as SRO in the NBFC industry.

• Revision: Merchanting Trade Transactions Norms (MTT) revised.

Key Changes:

• The time frame of the foreign exchange outlay has been stretched to a 6 month period.
• The total time of completing transactions is 9 months between the initial and final leg.
• Effective Date: Immediate; pursuant to Sections 10(4) and 11(1) of FEMA, 1999.
• Purpose: To offer operational things to Indian traders who involve themselves in MTT, where goods flow among foreign entities, without having to enter India.