SC: Casual Workers Can't be Denied Regularisation if Similar Daily Wagers were Regularised || Supreme Court: Illegal Change of Land Use under Punjab Act Cannot be Legalised Later || Allahabad High Court: Magistrate Must Consider Closure Report Even After Taking Cognizance || Allahabad HC: CGST Arrest Memo Must Include Grounds as Annexure; Reasons to Believe Not Needed || Kerala HC: Petitioner’s Identity Must be Verified Via SHO in Cases of Bank Account Defreezing || J&K&L HC: Undenied Pleadings are Deemed Admitted by Implication under the CPC || Kerala HC: Transfer Order Pending Disciplinary Proceedings Cannot be Disguised as Punishment || Allahabad HC: GST, Incentives, 0r Festival Advances Cannot be Deducted From Employee’s Retiral Dues || SC: Absconding Accused Cannot Claim Anticipatory Bail Solely Because a Co-Accused Was Acquitted || Supreme Court: District Cricket Bodies Must Adopt Good Governance Voluntarily, Not Follow BCCI Rules

Bharat Bill Payment System - Amendment to guidelines- (Reserve Bank of India) (26 May 2022)

MANU/RMIC/0099/2022

Banking

1. This has reference to the guidelines on Bharat Bill Payment System (BBPS) issued by the Reserve Bank of India (RBI) vide circular DPSS.CO.PD.No.940/02.27.020/2014-2015 dated November 28, 2014. As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹ 25 crore. The BBPS guidelines have been suitably amended.

2. This circular is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and shall come into effect immediately.

Tags : BBPS AMENDMENT GUIDELINES

Share :