Cobrapost has alleged that Anil Ambani’s Reliance Group diverted over Rs 41,900 crore through shell entities and offshore firms. The conglomerate dismissed the charges as an agenda-driven campaign aimed at manipulating stock prices and acquiring its assets cheaply

New Delhi: The India Fintech Foundation (IFF) has urged the finance ministry and the RBI for immediate intervention for safeguarding concentration risk on UPI, saying over 80 per cent of its transaction volume is controlled by only two players.

India Fintech Foundation (IFF), the proposed self-regulatory organisation (SRO) for the fintech industry, was launched at the Startup Mahakumbh in April. It has submitted a policy recommendation note titled “Policy Options for Mitigating Concentration Risk on UPI”

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