Union Minister of Micro, Small, and Medium Enterprises (MSME) Narayan Rane has launched 'Repos Pay - a 'Mobile Electric Charging' platform and 'Phy-gital' - a Fintech Platform at the 'Fuelling India 2022' event in Mumbai.
RBI has imposed a monetary penalty of Rs.1 crore on IndusInd Bank for non-compliance with certain directions issued by RBI on 'RBI (KYC) Directions, 2016'.