The central bank has invited comments on the draft framework from all stakeholders by February 25.
A panel headed by former RBI governor Bimal Jalan was set up by the RBI in 2018 to recommend a formula for the sharing of its profits with government.
Mumbai: The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems.
The central bank has invited comments on the draft framework from all stakeholders by February 25.
At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.
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