RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI
“Necessary guidelines will be issued shortly,” RBI governor Shaktikanta Das said. (Representational) Mumbai: The Reserve Bank on Friday proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI). UPI is an instant real-time payment system developed by NPCI for transactions through mobile phones. In September 2023, the scope of…
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