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An RBI Deputy Guv tells why banks should reveal true NPA nos

"When things are delayed, it only continues to fester in the system, " Deputy Governor N S Vishwanathan said.

MDR

Nov 23, 2019, 06.49 AM IST

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MDR

NPCI slashes MDR for debit cards

As per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction. Presently, this is capped at 0.90% for transaction above Rs. 2,000 with higher cap of Rs 1,000 per transaction.

MDR boost for merchants using UPI

This move is expected to encourage small grocery stores, chemists and kirana stores across the country to s...

Payment companies seek better MDR deal

Volume of transactions on mobile wallets down to 334 million in June against 393 million in December, ...

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