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The Reserve Bank of India has declared its RBI Payment Vision 2025 blueprint to regulate payment systems and offer users affordable and seamless e-payment procedures. UPI system is anticipated to register average yearly growth of nearly 50% in this period. The Reserve Bank of India released ‘Payment Vision 2025’ on Friday (June 17, 2022). The … Read more
IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution. Use-and-file mechanism will mean more flexibility for insurers in designing products and shorter timelines for introducing innovative plans. Very soon, health and general insurance companies in India will be able to launch their products without waiting for prior approval from the Insurance Regulatory … Read more
HDFC hikes lending rate by 5 bps,“HDFC again increases its Retail Prime Lending Rate (RPLR) on housing loans and it’s Adjustable Rate Home Loans (ARHL) are benchmarked on this, by 5 basis points, with effect from 1st June-2022” the housing finance company said in a statement. This is the third time hike affected by HDFC … Read more