Posted in Finance

Who will bear the cost of zero MDR?: Payment cos ask Finance Ministry, RBI

Given higher costs, digital payment providers doubtful of banks footing the bill Who will bear the cost of zero Merchant Discount Rate (MDR)? This is…

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Posted in Finance

PSBs infused with ₹3.19 trillion capital in last five years: Finance Ministry

New Delhi: Over the last five Financial Years (FYs), public sector banks (PSBs) have been infused with capital to the extent of ₹3.19 trillion, with recapitalisation of ₹2.5…

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