Paytm has been in the news for a while. A few months after the IPO shook investor confidence in the primary market, a recent audit shook RBI’s confidence in its implementation of know-your-customer norms. But do all financial institutions adhere to these norms? And what difficulties do you have with the implementation? KYC reduces the risk of fraud in digital transactions, the nature of which has changed significantly in recent years due to the pandemic. UPI is going to get bigger now that the RBI has introduced it to feature phones as well. Most other forms of digital transactions are also growing.
Find out about the changing landscape of virtual transactions. Digital transactions also form the backbone of financial markets. Meanwhile, global equity markets appear to be awaiting the outcome of the March 15-16 two-day Federal Reserve Board meeting. Business Standard’s Puneet Wadhwa spoke to Raamdeo Agrawal, co-founder and co-CEO of Motilal Oswal Financial Services to hear his interpretation of the situation in Ukraine, other recent developments, their impact on domestic corporate earnings and investment opportunities in this market correction. After the markets, let’s get back to the topic of digital transactions. National Electronic Fund Transfer, or NEFT, is now a preferred transaction method for everyone. The NEFT managed by the RBI has made it very easy to move funds from one bank to another in near real time. But how does the NEFT system work? Find out in this episode of the podcast.
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