International Monetary Fund Managing Director Kristalina Georgieva announced the appointment of Indian national Krishna Srinivasan as Director of the Asia and Pacific Department (APD).
BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda and Nainital Bank, announced the launch of Nainital bank- BoB co-branded Contactless RuPay Credit Card.
The Reserve Bank of India raised the Additional Factor of Authentication (AFA) limit from Rs. 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.
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