Question
Which of the following statements is true regarding the
RBI's directives regarding digital transactions?Solution
RBI directed fintech companies to monitor high-value transactions during elections for the first time. For the first time, the Reserve Bank of India has directed fintech companies, including those processing payments, to track high-value transactions during the Lok Sabha election. This marks a significant change as previously, such monitoring directives were typically aimed at banks.
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4 14 44 124 404
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