RBI gives relief: Net worth limit for Bharat Bill Payment Units has been reduced, now to Rs 25 crore

Posted on 27th May 2022 02:26 pm by rohit kumar

The Reserve Bank of India (RBI) has given major relief by relaxing norms for non-bank entities to set up Bharat Bill Payment Operating Units. On Thursday, the central bank said that to attract more companies in this segment, the net worth requirement has been reduced to Rs 25 crore.

 

 

It may be noted that at present the net worth limit for a non-bank entity to set up Bharat Bill Payment Operating Units is Rs 100 crore. Bharat Bill Payment System (BBPS) is an interoperable platform for bill payments. That is, through this platform, the bill can be paid through any other payment platform. The Reserve Bank of India has said in a statement issued in this regard that the minimum net worth requirement for non-bank Bharat Bill BBPOU has been reduced to Rs 25 crore.

 

Also Read: Infosys CEO: Salil Parekh's salary increased by 88 percent, annual package reached here by more than 42 crores

Other news

Budget 2023: Going abroad has become expensive, and there will be a burden on the pocket; the TCS rate increased to 20 percent

TCS rate has been increased from five percent to 20 percent on foreign tour packages and sending

Hina Khan: Hina is going through pain due to cancer, after surgery the hospital wrote a letter and gave courage to the actress

Hina Khan is battling cancer these days. The actress is undergoing treatment. She recently underw

Uttarkashi Cloud Burst: From Sara Ali Khan to Sonu Sood, stars expressed their grief over the Uttarkashi disaster and prayed

After heavy rains on Tuesday, a cloud burst in Dharali, Uttarkashi, Uttarakhand, causing terrible

Narendra Modi: 'We are determined to make India the third largest economy in the world': PM Modi at G20 meeting

Prime Minister Narendra Modi (PM Modi) virtually addressed the G20 meeting of trade and investmen

Canada's shock to Punjabis: PM Trudeau imposed a ban on buying property; Can't buy a house now

The Justin Trudeau government of Canada has given a big blow to the Punjabis in the new year. Alo

Uttarkashi Tunnel Collapse: 40 lives trapped in the tunnel... Now efforts are being made to rescue them by inserting 900 mm steel pipe.

The rescue operation has entered the third day after the landslide in the under-construction tunn

Transfer of non-Hindus, ban on political speeches, crowd control by AI..., Tirupati Temple Board took many more big decisions

The first meeting of Tirumala Tirupati Devasthanam (TTD) was concluded recently. In this meeting,

1 crore 62 thousand Twitter users said - Resign Musk: Musk said - find a fool to handle this work, I will resign

Twitter boss Elon Musk announced his resignation as CEO of the company on Wednesday. He tweeted &

Waqf: The same law should be implemented for the settlement of religious properties, VHP raised questions on making a separate Waqf law

Vishwa Hindu Parishad (VHP) has demanded the Joint Parliamentary Committee (JPC) constituted on t

Cannes 2025: Urvashi Rautela's strange look in Cannes, the price of the parrot bag will surprise you, users said- Urvashi Devi…

The Cannes Film Festival 2025 has started with a bang. Actress Urvashi Rautela arrived on the fir