Digital transactions see 178 pc rise in volume in 3 years

[ad_1] New Delhi: There has been an exponential increase of 178 per cent in the volume of digital payment transactions in the last three years with the rise of several platforms like Bharat interface for money-unified payments interface (BHIM-UPI), immediate payment service (IMPS) and prepaid payment instruments (PPIs). among others.Continue Reading

Banks must record transactions of politically exposed persons: Centre

[ad_1] Representational photo New Delhi: Centre has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEPs). The amendments, which came into effect from March 7 onwards, also mandate that financial institutions willContinue Reading