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India's digital payments body, PCI, has voiced concerns to the Finance Minister following Fino Payments Bank CEO's arrest. While respecting law enforcement, PCI highlighted risks to governance continuity and trust in complex financial ecosystems. They emphasized the need for proportionality in accountability, especially for supervised institutions and their leadership. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ov6b3Ad via IFTTT

Finance Minister Nirmala Sitharaman will investigate the arrest of Fino Payment Bank CEO Rishi Gupta. Gupta was apprehended by GST authorities in Hyderabad. The bank stated the probe concerns a business partner's transactions, not the bank's compliance. Social media questioned the extent of GST powers. The Finance Minister acknowledged the issue and promised to look into it. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DtLUaN5 via IFTTT

The initiatives aim to institutionalise uniform procedures and introduce objective performance benchmarks while reinforcing shared responsibility in safeguarding public funds. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bsZmUkW via IFTTT

Fino Payments Bank MD Rishi Gupta was arrested by DGGI Hyderabad in a probe concerning business partners under GST tax provisions. The bank stated the investigation is not related to its GST compliance, but sources indicate fake invoices caused government revenue loss. The Fino board has appointed CFO Ketan Merchant as interim head. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wYrdtGv via IFTTT

Fino Payments Bank's Managing Director and CEO, Rishi Gupta, was arrested under CGST and SGST Acts. The bank clarified the investigation involves a business partner, not its GST compliance, and is taking steps to resolve the issue. CFO Ketan Merchant will lead daily operations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IaSwPOx via IFTTT

Indian banks are seeing a rise in personal loan applications from affluent savers who prefer to keep investments intact. This trend, driven by convenience and financial strategy, sees borrowers using credit for immediate needs like home renovations and travel, rather than liquidating assets. Lenders are adapting with faster approvals and attractive rates for financially stable customers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/01VEAmk via IFTTT

Indian banks are bracing for higher funding costs on certificates of deposit and large-ticket deposits, as robust year-end credit demand collides with a liquidity squeeze. With the credit-to-deposit ratio at a record high, lenders see borrowing rates staying elevated at least until March, complicating efforts to sustain strong loan growth while protecting margins. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rLgw68M via IFTTT

Indian banks are working together to create a unified platform for validating paper-based bank guarantees. The system is designed to curb fraud during the transition from traditional paper guarantees to fully digital ones. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QeG2oRN via IFTTT

Banks are confronting mounting liquidity pressures as loan portfolios expand faster than deposit bases. As a result, liquidity coverage ratios have weakened across a broad set of institutions. Even with abundant liquidity in the wider financial system, banks are struggling to bring in new deposits, pushing up near-term funding costs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WrSsNf7 via IFTTT

IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its Chandigarh branch. The bank's management confirmed this to investors. The fraud impacted the bank's stock, causing a significant drop. The bank has suspended officials and launched a forensic probe. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NGiKrQg via IFTTT

Haryana government has de-empanelled AU Small Finance Bank and IDFC First Bank from government business due to alleged fraudulent account openings. AU Small Finance Bank denies wrongdoing, stating all KYC checks were completed and transactions were initiated by the government department. The bank maintains no financial impact at this stage. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QZxrwP8 via IFTTT

Haryana government has mandated all its departments and state-run entities to exclusively bank with public sector banks. Private bank accounts now require Finance Department approval. IDFC First Bank and AU Small Finance Bank have been removed from the approved panel due to non-adherence to fixed deposit conditions, leading to potential financial losses for the state. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/updJrPF via IFTTT

IDFC First branch fraud case: The transactions were executed using forged cheques and manually carried out at the branch, managing director and chief executive V Vaidyanathan told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/os5wjYI via IFTTT

Unity Small Finance Bank, after missing out on Aviom India Housing Finance, is prioritizing strategic options over aggressive acquisitions. The bank plans to enter the housing finance business in the latter half of the year, focusing on affordable housing and micro-LAP, while also preparing for a public listing in approximately two to two-and-a-half years. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zrnfGLQ via IFTTT

YES Bank anticipates a 1 per cent return on assets by the end of the current financial year. This profitability metric is expected to surpass 1 per cent in the next fiscal year. The bank's net profit saw a significant increase in the December quarter. Strategic initiatives are in place to enhance asset utilization and profitability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CQw314x via IFTTT

The Reserve Bank of India has set up a high-security data centre in Bhubaneswar, Odisha, to protect critical financial systems and ensure continuity of operations. The greenfield facility will support currency management, payment and settlement, and regulatory data functions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1NyvUpX via IFTTT

IDFC FIRST Bank has uncovered a significant fraud totaling Rs 590 crore. The incident involves employees at one of its Chandigarh branches. Four suspected officials have been suspended pending a thorough investigation. The bank is also appointing an independent agency to conduct a forensic audit. Strict action will be taken against all involved parties. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jQn7kXo via IFTTT

State Bank of India is actively investing in startup funds and financial market infrastructure. This is part of its strategy for Micro, Small, and Medium Enterprises. SBI is also participating in schemes like Startup India. The bank has established startup hubs in various cities. This initiative aims to support startups through debt, equity, and government services. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k3EFb8O via IFTTT

The bank has quantified the amount involved at ₹38.95 crore, representing the principal sacrifice under the resolution plan implemented for RCFL, people privy to the complaint details told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8yamTrD via IFTTT

DFS Secretary M. Nagaraju urged banks to lower lending rates for small borrowers and businesses to 6-7%, aiming to boost credit penetration without incurring losses. He highlighted the need to bridge the significant gap in India's bank credit to GDP ratio, which stands at 57% compared to global benchmarks, to achieve the Vikshit Bharat 2047 vision. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SkBsmp4 via IFTTT

India Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distributing approximately Rs 330 crore to banks. This marks the bad bank's first recoveries since commencing operations in 2022, with resolutions for Metenere Ltd and Helios Photo Voltaic. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H6UAavu via IFTTT

Public sector banks are set to propose changes to the RBI's climate finance guidelines, citing a lack of incentives for green deposits. Lenders seek a reduction in the cash reserve ratio for green deposits and greater clarity on climate finance taxonomy. These proposals aim to boost the adoption of green finance initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QU7rwR6 via IFTTT

Federal Bank is set to receive a substantial Rs 686 crore tax refund, marking the resolution of a long-standing tax dispute. This significant financial boost, covering assessment years 2012-13 and 2013-14, is expected to positively impact the bank's profitability in the upcoming quarter. The development follows recent orders from the Income Tax Appellate Tribunal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dAaly0e via IFTTT

India public sector banks: Foreign investors increased their stake in top state-run lenders including State Bank of India Ltd., Bank of Baroda, Canara Bank Ltd. and Punjab National Bank to the highest in at least a year, shareholding data of as Dec. 31 show. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3tVx6W1 via IFTTT

Seven public sector banks are using generative AI for 32 new applications. These initiatives aim to boost efficiency and credit assessment. Ten banks have formal AI policies. The EASE 8.0 reforms encourage AI for complex tasks and faster decisions. Future reforms, EASErise, will focus on risk management and economic shock absorption. This technology push aligns with national financial goals. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pQ4Hg7E via IFTTT

Muthoot Microfin is exploring inorganic growth by acquiring a majority stake in two non-banking financial companies. This move aims to expand its micro loan against property business. The company is diversifying its portfolio following recent RBI policy changes. Muthoot Microfin plans to significantly increase its secured lending. This strategy will reduce reliance on unsecured microfinance loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tLBYzfE via IFTTT

The Reserve Bank of India has proposed new rules for foreign exchange dealings. Authorised persons will get more flexibility in hedging exposures, managing balance sheets, and market-making. Reporting obligations will also be eased. These draft directions aim to provide greater freedom in dealing with foreign exchange products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z2UWVgn via IFTTT

Industry data up to December 2025 showed that banks sold Rs 24,814 crore retail non-performing assets (NPAs) to asset reconstruction companies (ARC). That compares with Rs 9,093 crore of retail bad loans sold up to September. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yc1wGlv via IFTTT

Bank of America's Bernard Mensah sees India as a prime investment destination, citing its growing middle class, strong institutions, and reformist government. The bank is increasing its India limits, anticipating more M&A activity fueled by regulatory liberalization and a focus on supply chain resilience. Despite geopolitical risks, Mensah believes capitalism's core architecture remains intact. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ht7E5IQ via IFTTT

Three senior bankers at Raine Group’s India unit, including country head Gaurav Mehta, are set to leave the boutique advisory firm to start a new investment banking venture, according to people familiar with the matter. Managing directors Naveen Asopa and Girish Punjabi are also departing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ifTpcJH via IFTTT

Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and India’s growing strategic appeal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kqRcrBs via IFTTT

Indian banks can now finance company acquisitions. The Reserve Bank of India has allowed lenders to fund up to 20% of their capital for these deals. This opens new credit growth avenues for Indian banks. They can lend up to 75% of the acquisition value for both listed and unlisted companies. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Fo6JyOK via IFTTT

The Reserve Bank of India has approved Sanjay Agarwal's re-appointment as Managing Director of AU Small Finance Bank. This marks his third term, effective April 19. The approval comes as the bank aims to become a universal lender. AU Small Finance Bank is currently the largest small finance lender in India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6CGNjIu via IFTTT

Public sector banks have significantly increased their share in credit card spending, reaching 22.2% in December 2025. This growth is attributed to higher usage by existing cardholders, robust festive demand, and expanded reach into salaried segments, particularly driven by large PSBs like SBI Cards. The integration of RuPay credit cards with UPI has also fueled this expansion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Wt4qbXv via IFTTT

HDFC Bank and two global financial firms are exploring buying a stake in CreditAccess Grameen. Axis Bank is also in talks. CreditAccess India BV, the owner, is looking to sell its majority stake. This move aims to provide an exit for patient investors. The microfinance market is showing signs of recovery. CreditAccess Grameen is financially strong and poised for growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IoaUfXA via IFTTT

The Reserve Bank of India has proposed draft guidelines directing banks and housing finance companies to follow stricter rules while using recovery agents. Banks must give borrowers written details of assigned agents, avoid setting targets that may lead to harsh practices, and not engage agents if a grievance is already filed. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yBvlUmq via IFTTT

Payment digitisation rose further in the six months to September 2025, extending a year-long trend, the Reserve Bank of India (RBI) said. The RBI’s Digital Payments Index (RBI-DPI) stood at 516.76 in September 2025, up from 465.33 a year earlier and 493.22 in March 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0pEM7Yn via IFTTT

Liquidity, which was tight just two months ago, has swung into its largest surplus in six months. The RBI has stayed away till now from draining any short-term cash, prompting analysts to ask whether the authority is allowing easier financial conditions to enforce the transmission of earlier rate cuts to the broader economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HA2qK7Z via IFTTT

Canara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a petition to restart insolvency proceedings. This follows a failed one-time settlement offer by the company. The auction aims to gauge investor interest. Bids are due February 21. An electronic auction is scheduled for March 13. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fiIteSq via IFTTT

While speaking at the Axis Bank Champions Awards ceremony, the RBI DG said, " the temptation to cut corners, to postpone a difficult disclosure, to take a convenient interpretation, or to treat a complaint as an inconvenience. Ethics is what stops small compromises from becoming large problems. It is not about being perfect. It is about how you handle grey areas, and how fairly and quickly you correct a mistake," he said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eKgEowv via IFTTT

Tamilnad Mercantile Bank is shifting its focus to boost revenues. Over half its staff will be retrained for sales roles. Technology investments will automate many routine tasks. The bank plans to hire over 200 new employees. This strategic move aims to enhance customer engagement and expand its business segments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B5fog6M via IFTTT

Goldman Sachs is significantly increasing its investment in India, shifting from a "future growth story" to a present opportunity. This strategic pivot has already boosted its rankings in Indian equity offerings and mergers, demonstrating a commitment to capturing market share in the world's fastest-growing developing economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JRBNyQ0 via IFTTT

Indian banks are slowing hiring due to automation, AI, and digital tools reducing the need for large staff increases. HDFC Bank added 5,000 employees in December 2025, reaching 2,15,000, while Axis Bank and Kotak Mahindra Bank saw declines in headcount. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OqlxLS1 via IFTTT

India bank FDI inflows: Total FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings, and other capital, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/V6fFwZJ via IFTTT

Citigroup has appointed Ankur Khurana as the new head of its Commercial Bank in India. This move highlights the US lender's commitment to expanding its commercial banking services across Asia. Khurana brings extensive experience from her previous leadership roles at Standard Chartered and Credit Suisse. Her expertise will be crucial in bolstering Citi's presence and client coverage in the region. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uZTc7aD via IFTTT

Amid a wave of rising AI-generated frauds, banks and regulators are responding with strengthened security controls, multi-factor authentication, real-time fraud-monitoring systems and customer awareness campaigns. As a customer protection measure, the RBI in its February Monetary Policy announced compensation of up to Rs 25,000 for small-value payment frauds if the customers are genuinely cheated. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rqKt8mI via IFTTT

The Reserve Bank of India has issued new guidelines for micro and small enterprises. Banks can now accept gold and silver as collateral for loans up to a certain limit. This move aims to support these businesses. Collateral-free loans will be available up to Rs 20 lakh. The revised rules apply from April 1, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VkcENZ5 via IFTTT

Indian banks are witnessing a strong comeback in corporate lending. Demand is surging from sectors like oil and gas, infrastructure, and metals. Companies are increasing capital spending and seeking more working capital. This trend is expected to continue as trade deals boost exports and supply chains. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pRBYDV6 via IFTTT

CreditAccess India BV is looking for new investors. This move aims to provide an exit for long-term shareholders in its microfinance lender, CreditAccess Grameen. The company is open to strategic or financial partners. Some investors have held stakes since 2007 and seek liquidity. CreditAccess Grameen plans significant loan portfolio growth by 2028. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DfysQzg via IFTTT

CreditAccess India, owner of CreditAccess Grameen, is seeking new investors. This move aims to provide liquidity for existing shareholders and fuel future growth. CreditAccess Grameen is expanding into new financial services beyond microfinance. The company is focused on sustainable expansion and meeting customer needs in rural and semi-urban markets. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OimBNUK via IFTTT

Public sector banks are projected to surpass Rs 2 lakh crore in combined profits this financial year, driven by robust credit and deposit growth. Financial Services Secretary M Nagaraju expressed confidence in the sector's resilience, citing prudent management and strong asset quality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3SeKriz via IFTTT

Finance Minister Nirmala Sitharaman said the government will soon set up a High-Level Committee on Banking for Viksit Bharat to prepare a roadmap for building large lenders capable of meeting the financing needs of a developed India. She said the panel will suggest steps to strengthen the banking system and expand credit access to support growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sbzXmOD via IFTTT

Cyber fraud: The steps proposed Friday include a proposal to compensate customers up to ₹25,000 for losses arising from small-value digital frauds, enhanced authentication requirements for transactions undertaken by senior citizens, and tighter conduct rules for lenders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ym7fBh6 via IFTTT

The Reserve Bank of India will now allow banks to lend directly to Real Estate Investment Trusts. This move aims to make financing more accessible and potentially cheaper for the sector. Currently, banks can only fund real estate projects, not land acquisitions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wl4eRpE via IFTTT

The Reserve Bank of India has maintained its policy rates. Bankers generally welcomed this decision and the announced regulatory and developmental policies. Initiatives to enhance customer protection, digital payment safeguards, and support for MSMEs are highlighted. These measures aim to strengthen the financial ecosystem and sustain credit flows. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nvmleFb via IFTTT

The Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions, Governor Sanjay Malhotra said on Friday, as part of steps to strengthen customer protection and payment safety. Draft guidelines will be issued soon and will review customer liability in electronic banking frauds. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KdIup8L via IFTTT

RBI MPC Meet: The Reserve Bank of India has rolled out a series of customer-centric reforms, including stronger fraud protection and compensation for small-value losses, alongside regulatory relief for NBFCs and co-operative banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/anl7iex via IFTTT

IDBI Bank stake sale: The reserve price will be decided after receipt of the financial bids and before they are opened, said the people cited. This will only be known to a small group of government officials, they said. The reserve price will not be disclosed to the bidders, according to them. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/varjt9V via IFTTT

State Bank of India has secured a significant $1 billion loan from Japan's MUFG. This marks the first social loan of its kind for an Indian bank. The funds are earmarked for lending to women and women-led businesses. This initiative aims to boost women's economic empowerment and promote gender equality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Q5ZXW9P via IFTTT

Kotak Mahindra Bank is significantly expanding its technology team, aiming to hire 500 engineers. This move aims to enhance its long-term competitiveness by transforming into a technology company with a banking license. The bank is investing heavily in AI and automation to improve services and efficiency. This strategic push is set to redefine its operational landscape. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gDo8uQ2 via IFTTT

YES Bank has appointed Vinay Tonse as its new Managing Director. This move signals a measured leadership approach by its new promoter, Sumitomo Mitsui Banking Corporation. Experts believe this choice prioritizes continuity and operational familiarity. Tonse faces the task of boosting loan growth and increasing low-cost deposits. The bank's assets, deposits, and advances have seen growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9LRZ4oN via IFTTT

The Reserve Bank of India is considering a significant overhaul of its lender supervision, moving beyond traditional ratio analysis to a deeper examination of banks' business models. This shift aims to identify risks earlier, especially as India's banking system expands rapidly and digital threats multiply. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Y1qgnXE via IFTTT

The Reserve Bank of India has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three-year term. Tonse, formerly MD of Retail Business & Operations at SBI, will take over from Prashant Kumar, subject to shareholder approval. This leadership change aims to bolster Yes Bank's growth strategy and operational stability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5zLcris via IFTTT

Banks are poised to reopen credit lines for Indian export sectors following the US's reduction of import tariffs to 18%. This move is expected to quickly revive exports of garments, gems, jewelry, leather, and chemicals, leading to increased demand for bank loans. Public sector banks anticipate leading this export credit rebound in the coming quarters. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/beDVPfl via IFTTT

India is set to boost foreign investment in its state-owned banks. The government plans to raise the foreign direct investment limit to 49 percent. This move aims to strengthen banks and support the nation's ambitious growth plans. Stronger banks will help finance large infrastructure and green energy projects. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wgynUmN via IFTTT

Budget 2026: The microfinance sector did not receive budget credit guarantee support. However, it anticipates that proposals aimed at increasing rural incomes will enhance the repayment capacity of its customers. Focus on fisheries, animal husbandry, and high-value agriculture through credit-linked programs is expected to strengthen income diversification. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KTVhIml via IFTTT

The Indian government is actively conducting inter-ministerial discussions to increase the foreign direct investment (FDI) ceiling in state-owned banks from the current 20% to 49%, financial services secretary M. Nagaraju said on Monday, reported Reuters. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yRQo8Nm via IFTTT

The Union Budget emphasizes fiscal discipline and growth. It supports ease of doing business and living, boosting employment. Key initiatives target sunrise sectors and MSMEs. Investments in digital infrastructure, tourism, and healthcare are highlighted. Banking reforms and infrastructure project support are also planned. Public capital expenditure remains a priority for infrastructure creation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/StcLbh4 via IFTTT

Unified Payments Interface transactions hit a new high in January. Indians made 21.7 billion UPI payments. The total value of these transactions reached Rs 28.33 lakh crore. This shows a significant increase from the previous month. The growth in UPI usage continues to be strong. This digital payment system is rapidly expanding its reach across the nation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/BuFvifS via IFTTT