RBI tightens norms for cards used with business accounts
Financial Express Mumbai|March 08, 2024
THE RESERVE BANK of India (RBI) on Thursday tightened rules for credit and debit cards used for business accounts.
RBI tightens norms for cards used with business accounts

The central bank asked business card issuers to put in place an effective mechanism to monitor end use of funds.

Last month, the RBI had ordered Visa to stop using an unauthorised route to make business-to-business card payments which used fintech companies as an intermediary.

Denne historien er fra March 08, 2024-utgaven av Financial Express Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra March 08, 2024-utgaven av Financial Express Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS MUMBAISe alt
Financial Express Mumbai

Sensex sinks below 75K mark

FPIs continue their selling spree; IT biggest sectoral loser

time-read
2 mins  |
February 25, 2025
Speed, not haste: Goyal on UK FTA
Financial Express Mumbai

Speed, not haste: Goyal on UK FTA

Minister says India has flexibility to cut tariffs for UK

time-read
3 mins  |
February 25, 2025
Financial Express Mumbai

Cognizant to focus on revenue growth

Company targets for modest margin expansion in CY25

time-read
2 mins  |
February 25, 2025
Financial Express Mumbai

Govt seeks advisers for minority stake sales in banks, LIC

Bankers, legal advisers to be empanelled for 3 yrs

time-read
2 mins  |
February 25, 2025
Financial Express Mumbai

Mobilising finance key to achieve renewable energy target by 2030: Joshi

MOBILISING FINANCE IS key to achieving 500 GW of renewable energy production by 2030 and the country will require ₹32 lakh crore to reach the target, Union minister Pralhad Joshi said on Monday.

time-read
1 min  |
February 25, 2025
Financial Express Mumbai

Macron and Trump Meet Over Ukraine

PRESIDENT DONALD TRUMP welcomed French President Emmanuel Macron to the White House for talks on Monday at a moment of deep uncertainty about the future of transatlantic relations, with Trump transforming American foreign policy and effectively tuning out European leadership as he looks to quickly end Russia's war in Ukraine.

time-read
1 min  |
February 25, 2025
Financial Express Mumbai

Half of 2024 seed rounds cross $3 mn, finds report

LARGE SEED ROUNDS or \"mango seeds\", which are cheques of more than $3 million, made up more than half of all seed rounds in 2024, as second-time founders and elite operators raised larger formation cheques, according to Blume Venture's Indus Valley Annual Report 2025.

time-read
1 min  |
February 25, 2025
Financial Express Mumbai

India Inc Chalks Out ₹4-lakh-cr Investment Blueprint for MP

ADANI GROUP, RELIANCE Industries (RIL), state-owned NTPC, and several other companies on Monday committed total investments worth around ₹4 lakh crore across various sectors in Madhya Pradesh.

time-read
1 min  |
February 25, 2025
Financial Express Mumbai

NBFCs' temporary workforce driving financial inclusion: TeamLease report

THE TEMPORARY WORKFORCE in non-banking financial companies (NBFCs) is driving financial inclusion and supporting underserved markets such as micro, small and medium enterprises (MSMEs) and rural areas, according to a TeamLease report.

time-read
1 min  |
February 25, 2025
Financial Express Mumbai

DBS to shrink workforce by 4,000 in 3 years: CEO

AI will deliver higher output with lesser resources, say HCLTech, Infy CEOs

time-read
2 mins  |
February 25, 2025