RBI has granted third-party applications access to Prepaid Payment Instruments (PPIs) via UPI, allowing PPI holders to make and receive UPI payments through mobile apps. Previously, UPI payments could ...
The Reserve Bank of India (RBI) has imposed a penalty of ₹5.5 lakh on four cooperative banks in Karnataka for not complying with its directions. The highest penalty of ₹3 lakh has been imposed on ...