by paras | Dec 31, 2023 | 2023, News Letter
RBI Governor raised UPI transaction limits and simplified e-mandates for recurring online payments, exempting debit transactions below Rs 1 lakh from OTP authentication, and enhancing user convenience for payments to hospitals and educational institutions via UPI...
by paras | Oct 31, 2023 | 2023, News Letter
The RBI’s Reserve Bank Innovation Hub launched a Public Tech Platform for seamless credit, centralizing borrower data from banks, NBFCs, Fintech, and startups to boost efficiency. Axis Bank is piloting the platform, leveraging PAN, Aadhaar e-KYC, and Account...
by paras | Sep 30, 2023 | 2023, News Letter
HDFC Bank and HDFC Ltd merged, creating India’s largest bank with a market capitalization of ₹14.6 lakh crore. HDFC Ltd shares were delisted, and HDFC Bank issued new shares to eligible shareholders in exchange, becoming the world’s 4th most valued bank....
by paras | Aug 31, 2023 | 2023, News Letter
The withdrawal of the ₹2,000 note was part of a demonetization effort to combat corruption and counterfeit currency. Initially rushed into circulation to meet demand, it inadvertently fueled hoarding and illegal activities. The RBI ceased printing these notes due to...
