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SBI has issued a circular to all its branch managers that these instructions should be followed to make the process of note exchange simple and quick. Other banks may also go by these guidelines
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To avoid procedural ambiguity, it has been decided that any payments using international debit or credit card up to Rs 7 lakh per financial year will be excluded from the LRS limit
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The government has instructed WhatsApp to introduce a SIM binding feature
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Officials claim that the move would put companies such as Pine Labs, Innoviti Payments, Ezetap and MSwipe in the regulatory zone. These companies provide QR code terminals at offline merchants, PoS terminals and mobile payment terminals.
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The amount is more than 300% of the average collection made by the scheme in the month of April, finance ministry officials said
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ONDC is planning two types of fees to meet its costs. One would be an annual registry fee for all network participants and the second a fee on all transations going through the network.
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The card will have several features including spend-based cashback points and milestone benefits. It will also drive convenience by enabling customers to use the Paytm SBI Card on RuPay network, where UPI payments through credit cards will be live soon.
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Goldman Sachs Asset Management's actively managed ESG fund exposure to Adani was only ever a stake in Ambuja Cements Ltd totalling about 400,000 shares after the retreat
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A recent order from the finance ministry included credit card spending abroad within the $2,50,000 mandate of liberalised remittance scheme
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Supreme court said that Sebi can share status of probe in August and if there's a genuine issue, the court will consider it request for more time
