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Banks need to scale up investment in strengthening the technology before launching products to ensure their platforms can handle volume without inconveniencing the customer. Repeated glitches will distance even the loyal customers from a bank and prompt them to look for better options
Speaking on this occasion, RBI Governor Shaktikanta Das spoke about the central bank's journey through the Covid pandemic and other geopolitical crisis around the world.
With the crackdown on Paytm Bank, the RBI has sent out a clear message to fintechs that no matter how big a company is, non-compliance with rules isn’t an option. And that the regulator won’t hesitate to pull the plug
Paytm FASTag: Under the new One Vehicle, One FASTag initiative, each FASTag can only be linked to a single vehicle, and vice versa. As a result, users must deactivate their existing FASTag in order to obtain a new one.
In the 2024 Budget, the Narendra Modi government has an opportunity to bring clarity on the Indian government’s thinking on regulation of virtual assets. Will that happen this time?