Supreme Court: Issues of Party Capacity and Maintainability Must Be Decided by Arbitral Tribunal  ||  Supreme Court: Omissions in Chief Examination Can Be Rectified During Cross-Examination  ||  Supreme Court: Items Given by Accused to Police Are Not Section 27 Recoveries under Evidence Act  ||  Gujarat High Court: Waqf Institutions Must Pay Court Fees When Filing Disputes in State Tribunal  ||  Allahabad High Court: Law Treats All Equally, State Cannot Gain Undue Benefit from Delay Condonation  ||  SC: SARFAESI Act Was Not Applicable in Nagaland Before its 2021 Adoption, Dismisses Creditor’s Plea  ||  SC: Lis Pendens Applies To Money Suits on Mortgaged Property, Including Ex Parte Proceedings  ||  Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside  ||  Bombay High Court: Technical Breaks to Temporary Employees Cannot Deny Maternity Leave Benefits  ||  NCLAT: Appellate Jurisdiction Limited to Orders Deciding Parties’ Rights, Not Procedural Directions    

RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems - (16 Oct 2019)

BANKING

Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, with an aim to encourage innovation and competition. RBI has said that it has been decided to offer on-tap authorisation for Bharat Bill Payment Operating Unit, Trade Receivables Discounting System and White Label ATMs.

Tags : RBI   PAYMENT SYSTEMS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved