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NRIs (Non-resident Indians) will be able to use UPI for processing payments

NRIs (Non-resident Indians) will now be able to use UPI for processing payments. NPCI (National Payments Corporation of India) says that NRIs living in ten countries can now set up UPI on their international mobile numbers. According to the new guidelines, they will now be able to use international mobile numbers for bank accounts classified…

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Recent developments to improve the NBFC Ecosystem by RBI

Introduction After the pandemic has derailed the growth in many sectors, NBFCs are still lucrative and surging with their accessible and affordable financial services. The proactive RBI amendments also have played a significant role in harmonising NBFCs with the rules of the banking sector—  making it seamless and safeguarding the customer’s interest. Recent Developments by…

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