RBI to set up public repository of digital lending apps to check unauthorised players

The Reserve Bank of India unveiled measures to address unauthorized digital lending apps by creating a public repository. They also proposed 'Delegated Payments' in UPI, enabling secondary user transactions, and increased the tax payment limit via UPI to Rs 5 lakh. Cheque clearing times will be expedited through continuous clearing and on-realisation-settlement in CTS.
Read The Rest at :