rbi: RBI MPC meeting: Key takeaways for the fintech sector
The Reserve Bank of India (RBI) has raised the payment limits for Unified Payments Interface-based transactions done in hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction, RBI governor Shaktikanta Das said after the central bank's Monetary Policy Committee meeting on Friday.Overall the banking regulator announced multiple steps to help expand the scope of operations for the country’s fintech ecosystem. From announcing a repository for fintech lenders to increasing the limits for recurring…