Processing about 1.5 billion transactions a month: PhonePe
PhonePe co-founder and Chief Technology Officer Rahul Chari said while demonetisation was a catalyst for digital transactions, the company has had almost a "maniacal focus" on trying to improve at scale.
RBI imposes penalty on 2 co-op banks, 1 NBFCA penalty of Rs 3 lakh has been imposed on Jijamata Mahila Sahakari Bank, Pune, Maharashtra for non-compliance with the directions on exposure norms and statutory/ other restrictions-urban co-operative banks (UCBs), the central bank said.
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