PayU India has received Reserve Bank of India’s (RBI) approval to operate its own non-banking financial company (NBFC).
The move will help PayU promote inclusive growth in the country by catering to the diverse financial needs of various segments of the society. The approval from the central bank is subject to “certain pending RBI compliance”.
Source- The Livemint
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- PayU India is a digital payments firm owned by South Africa’s Naspers Ltd.
- PayU India managing director Jitendra Gupta.