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IBA may seek clarity on whether banks can be part of both NPCI, NUE

Retail payment systems: IBA may seek clarity on whether banks can be part of both NPCI, NUE
March 04, 2021
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NPCI is a ‘not for profit’ company, while NUE may be a ‘for profit’ company; the latter’s entry may see consumers pay more for digital banking services, say insiders
The Indian Banks’ Association (IBA) may seek regulatory clarity on whether banks already holding stake in the National Payments Corporation of India (NPCI) can be part of a consortia for setting up a New Umbrella Entity (NUE) for retail payment systems.
Though NPCI, India’s only umbrella organisation for operating retail payments and settlement systems, is a ‘not for profit’ company under Section 8 of Companies Act 2013 and NUE will in all probability, be a ‘for-profit’ company, banks want to be sure that the regulator has no objection to them holding stake in two organisations in the same line of business. ....

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India has space for another strong ARC led by banks: Shaktikanta Das

Das also added that just like non-bank lenders the RBI was internally working on refining and strengthening guidelines governing asset reconstruction companies. ....

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"บาบา วานกา" หมอดูบัลแกเรีย ทำนายชะตาโลกปี 2564

"บาบา วานกา" หมอดูบัลแกเรีย ทำนายชะตาโลกปี 2564
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