RBI: No Corporate Banking Licenses; UPI Costs Must Be Paid

The Reserve Bank of India (RBI) won't let big companies directly own banks right now.

They are worried about conflicts of interest.

Companies can own a small part of a bank, but not enough to run it.

The RBI wants to make sure no single person or company has too much power over banks, which handle people's money.

The RBI also talked about how online payment systems like UPI are important but need to be paid for to keep working well.

Someone has to cover the costs.