RBI hikes UPI Lite, 123Pay limits; warns NBFCs against unsustainable, aggressive growth

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RBI hikes UPI Lite, 123Pay limits; warns NBFCs against unsustainable, aggressive growth - YourStory

Quick Summary:

The RBI has increased the UPI Lite wallet limit to Rs 5,000 and the per-transaction limit to Rs 1,000 to encourage wider adoption of the instant payment system.

Despite some commentary on stress build-up in unsecured segments, Das assured that the health parameters of banks and NBFCs continue to be strong.

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