Key HighlightsLicense Cancelled: The RBI revoked the license under Section 22(4) of the Banking Regulation Act, 1949, citing persistent non-compliance.Immediate Cessation: All banking activities,...
Key PointsThe central government is considering reintroducing Merchant Discount Rate (MDR) fees for UPI transactions above ₹3,000, while keeping smaller transactions free.The move aims...