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

1 Like 0 Dislike
Previous news Next news
Other news

DC vs KKR Playing 11: Will Kuldeep return in today's match? KKR eyes third win, see possible playing 11

Captain Rishabh Pant's half-century against Chennai Super Kings has boosted the morale of Delhi C

Metaverse: Reliance enters Metaverse, the first Indian company to offer an opportunity to earn income in the virtual world

Mark Zuckerberg's Metaverse Horizon Worlds appears to be a failure, with users not returning afte

Tiger 3: After seeing Salman's new look in 'Tiger 3', fans are desperate, demanding Katrina's look.

Bollywood's Bhaijaan i.e. Salman Khan is continuously in the headlines for his upcoming film 'Tig

India-China: Foreign Minister Jaishankar met their Chinese counterpart amidst tension on the border, discussed these issues

The ongoing tension between India and China is not hidden from anyone. India has shown the mirror

'Don't block my way...', Virat Kohli got very angry at the fans, anger was visible in his eyes, knowing where the matter is

Virat Kohli is a celebrity in this country whom everyone wants to meet. As soon as his fans see h

World Cup: There will be strict security arrangements in the inaugural match of World Cup 2023, 3,500 policemen will be deployed.

The opening match of the World Cup 2023 will be played between defending champions England and Ne

Farmer Protest: UP police received intelligence input regarding farmers' protest, team engaged in search of anarchists

Noida Police has received a big input, in which it has been informed that some anarchist elements

Most Powerful Passport 2022: Japan's passport again topper, India slips 4 places in the ranking, Pakistan's fourth weakest passport in the world

Henley & Partners, the organization that issues passport rankings, has released the Henley Pa

Weather update: Heavy rain alert in 14 states including UP-Bihar, Jammu, and Kashmir; Flood in 18 districts of Gujarat

The Meteorological Department (IMD) has issued a heavy rain alert for 14 states including Gujarat

The wait is over, the cabinet expansion of Eknath Shinde and Devendra Fadnavis's government will happen tomorrow in Maharashtra

The wait for the Eknath Shinde government cabinet expansion in Maharashtra is about to end. A sen

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash