India
India fintech news from across the country: Mumbai, Bengaluru, Delhi NCR and other centres, from policy in New Delhi to product launches.
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RBI warns account aggregators against monetising customer data
The RBI told account aggregators to keep their data-blind design and not monetise customer data, as it prepares interoperability across the network.
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Groww Q2 results: parent’s profit rises 54% as derivatives income shrinks
Billionbrains Garage Ventures, which owns Groww, lifted September-quarter profit 54% to ₹725 crore while equity derivatives contributed less of its income.
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NPCI defers UPI MDR on merchant payments above ₹2,000 until after Diwali
NPCI has deferred the 0.4% merchant discount rate on UPI payments above ₹2,000, due on October 15, to a date after Diwali that it will notify separately.
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