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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The past five years have seen dramatic shifts in the way money changes hands in India. Earlier this week, the Reserve Bank of India signalled that the end is far from near.
On Monday, RBI set the digital payments world abuzz with the announcement of a “Draft Framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems”.
That is a bit of a mouthful, but in a nutshell, the central bank is proposing to let private sector enterprises operate nationwide payments infrastructure. So far, such a role has been restricted mostly to the National Payments Corporation …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
