International Monetary Fund Managing Director Kristalina Georgieva announced the appointment of Indian national Krishna Srinivasan as Director of the Asia and Pacific Department (APD).
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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