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Tag: RBI
UPI,an unrivalled payment system ever created in the world
January 11, 2024
After the huge success of Unified Payment Interface (UPI),Reserve Bank Governor Shaktikanta Das on Thursday dismissed criticism from certain quarters by saying that Its creator National Payments Corporation of India(NPCI) has become a monopoly and also proclaimed that there is a large space for the payment app to grow and it can become the world […]
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RBI Halts Bajaj Finance’s Digital Loan Rollout: A Compliance Conundrum Unfolds
November 16, 2023
In a rather surprising move, RBI instructs Bajaj Finance to stop granting instant loan approvals and release of funds for customers’ purchases made via eCOM and Insta EMI Card offerings, effective immediately. This comes up as a result of Bajaj Finance’s failure to adhere to the relevant provisions indicated under Digital Lending guidelines of the RBI. […]
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