RBI tightens rules for payment companies outsourcing core activities
The central bank’s fresh guidelines come at a time when India’s tech ecosystem has seen several high-profile cyber attacks such as those at Juspay, Upstox and Mobikwik over last year targeting customers’ payments data.
Non-bank lenders to see high levels of stress, recovery only in FY23: ICRA“The impact on collection efficiency was lower during the June quarter compared to what was witnessed in the same period last year and initial feedbacks indicate a further improvement in the metric in July 2021,” said AM Karthik, Vice President, Financial Sector Ratings, ICRA Limited.
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