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India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates
The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power.
India and Ghana Accelerate Unified Payment Interface Integration for Seamless Cross-Border Payments
By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability.