November 22, 2024 23:47 (IST)
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Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report

Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report

The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.