Bharat Bill Payment System (BBPS): RBI direction 2024

In Supersession of earlier BBPS-related guidelines/circulars,  RBI on Friday (March 1, 2024) issued the new Directions hereinafter specified. These Directions shall be applicable from April 01, 2024. The provisions of the new Directions shall apply to NPCI Bharat Bill Pay Limited (NBBL) a wholly owned subsidiary of the National Payments Corporation of India); and All…

The growing popularity of commercial Cards Vs. Business cards

Commercial cards and Business cards are often mistaken for each other. These two cards may sound the same but are different in more ways than one.  Let’s learn about their differences in this article. Corporates have many expenses apart from settling supplier invoices, and employee salary i.e., for travel, entertainment & employee engagement. Commercial cards…

What are Primary Market and Secondary markets?

 (This post explains Initial Public Offer- Private Placement- Qualified institutional placement (QIP) -Preferential Issue – Rights and Bonus Issues, stock exchange, secondary market, and over-the-counter market) Types of Capital Issues in the Primary Market The primary market, also known as the new issue market, is that segment of the capital market where securities are issued…

RBI permits prepaid wallets, cards for public transports without KYC

RBI today notified Amendment to Master Direction on Prepaid Payment Instruments.  As per the revised guidelines, the various types of PPIs that banks and non-banks can issue after obtaining necessary approval/authorisation from RBI. “Public transport systems across the country cater to a multitude of commuters daily. To provide convenience, speed, affordability, and safety of digital…