UPI may not stay free forever, warns RBI governor amid growing subsidy burden

Malhotra underlined that while India’s commitment to accessible, secure digital payments remains firm, long-term sustainability cannot be overlooked.   The Reserve Bank of India has signalled that the era of entirely free digital transactions may be nearing its end. As the Unified Payments Interface (UPI) continues to scale new heights, RBI Governor Sanjay Malhotra stressed…

NSDL IPO: Price band set at Rs 760-800 per share, 22% discount to grey market valuation

NSDL’s IPO will open for subscription on July 30 and close on August 1, with anchor investor participation beginning on July 29. The issue which is a pure offer for sale aims to raise around Rs 4,011 crore.   Investors of National Securities Depository Ltd (NSDL) have been taken aback after the company announced its…