In its recent Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) announced significant enhancements to the Unified Payments Interface (UPI), reflecting its commitment to promoting digital payments …
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RBI
The data required for credit appraisal is currently dispersed across various entities, including governments, banks, account aggregators, and credit information companies. The Unified Lending Interface (ULI) will streamline digital access …
BankingNewsRBI
UPI Transaction Limit Raised: New Cap Aims to Facilitate Higher-Value Payments
by admin
The Reserve Bank of India (RBI) has announced a significant change to the Unified Payments Interface (UPI) transaction limit, increasing it from ₹1 lakh to ₹5 lakh per transaction. This …
BusinessCompanyIndia NewsMarketMarket NewsRBI
Jio Financial Services has received RBI approval to operate as a core investment company.
by admin
The Reserve Bank of India approved Jio Financial’s transition from an NBFC to a CIC in a filing on Thursday evening. On Thursday, the Reserve Bank of India approved Jio …
RBIBanking
RBI transfers 1 lakh kg of gold from UK to India, marking the first move of this scale since 1991.
by smtfin
India’s central bank shifts approximately 100 tonnes of gold from UK to domestic vaults, with further relocation planned, as per TOI. This notable transfer, the first since 1991, tackles logistical …