Digital lending NBFCs have requested the Reserve Bank of India to allow them to offer pre-approved credit lines on the UPI platform. They argue this will broaden access to low-cost, short-term credit, particularly for those new to credit, aligning with the RBI’s objectives. The RBI recently granted this permission to small finance banks.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created