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Payment Passkey Service

Payment Passkey Service: Mastercard has debuted its Payment Passkey Service in India, offering a secure, non-OTP-based solution for online transactions.The Payment Passkey Service is a secure, non-OTP-based method for managing online transactions. Instead of using traditional passwords or one-time passwords (OTPs), this service relies on biometric authentication (fingerprints, facial scans) or PINs available on the […]

Unified Payments Interface (UPI) block mechanism

Unified Payments Interface (UPI) block mechanism: Securities and Exchange Board of India (SEBI) proposed mandatory Unified Payments Interface (UPI) block mechanism facility for secondary market trading using the UPI-based block mechanism to their clients.It is similar to the Application Supported by Blocked Amount (ASBA) facility that allows trading with blocked amounts.

Agriculture Infrastructure Fund (AIF) Scheme

Agriculture Infrastructure Fund (AIF) Scheme: The Central Government recently expanded the scope of the Agricultural Infrastructure Fund (AIF) scheme to make it more attractive, as part of its objective to strengthen farm-related infrastructure facilities in the country. Agriculture Infrastructure Fund (AIF) Scheme is a Central Sector Schemewhich was launched in 2020. The scheme shall provide […]

Perpetual bond

Perpetual bond: Canara Bank issued India’s first Additional Tier I perpetual bonds since recent rule changes, attracting strong investor interest with a lower-than-expected coupon of 8.27%.This marks a revival in demand for these bonds, which had declined due to regulatory challenges. The Securities and Exchange Board of India’s (SEBI) recent valuation tweak, allowing mutual funds […]