UPI Now Mandatory for Bids Up to ₹5 Lakh in Public Debt Issues The Indian government has recently mandated that Unified Payments Interface (UPI) will be a compulsory payment method for bids amounting to ₹5 lakh or less in public debt issues. This significant move aims to enhance the efficiency and transparency of financial transactions…
RBI Launches PRAVAAH, Retail Direct Mobile App, and Fintech Repository Introduction to RBI’s Latest Initiatives The Reserve Bank of India (RBI) has recently launched three significant initiatives: PRAVAAH (Platform for Regulatory Application, Validation And Authorisation), the Retail Direct Mobile App, and a Fintech Repository. These initiatives aim to streamline regulatory processes, enhance accessibility for retail…
RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know The Reserve Bank of India (RBI) recently made a significant announcement regarding the issuance of Floating Rate Bonds (FRBs) with a fixed interest rate of 8% maturing in 2034. This move by the central bank comes amidst efforts to manage liquidity…
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