The Reserve Bank of India (RBI) has introduced a new system allowing users to make payments from prepaid payment instruments through third-party applications and deposit cash at ATMs using UPI. This move will enhance customer convenience and make the currency handling process at banks more efficient.
Dalal Street Week Ahead: Nifty seen consolidating further before next directional move
The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despite a supportive Fed