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rbi action

  1. D

    RBI's Directive for Centralised Payments

    "The Reserve Bank of India (RBI) has mandated that all credit card payments be processed through the Bharat Bill Payment System (BBPS) by June 30" - TAKEN FROM NEWS WEBSITE **This will remove Phonepe, cred etc from credit card payment, which is a lose to us as well becoz these platforms...
  2. Mohammad

    My Experience with a Failed Mobikwik Transaction and How I Received Compensation

    Hi Technofino Community, I want to share my experience with a failed transaction on Mobikwik and the process I went through to get compensated, hoping it might help others facing similar issues. On 1st July 2022, I made a transaction on Mobikwik for ₹2500, but the transaction failed. After the...
  3. TechnoFino

    RBI Action Against Yes Bank for Charging Non-Maintenance Penalties

    The RBI has finally imposed penalties on a bank for charging non-maintenance penalties from their customers. On May 27, 2024, the RBI imposed a penalty of Rs. 91 lakhs on Yes Bank for charging non-maintenance penalties from their customers' savings accounts even when their account balance was...
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