Banks like ICICI, HDFC, SBI, IDBI, PNB, Yes Bank, Bank of Baroda, Canara Bank updated MCLR rates in April 2024, impacting various consumer loans with adjustments for different tenures.
RBI's new rule allows linking PPIs with third-party UPI apps, enabling seamless wallet fund use. This boosts payment options, flexibility, and security for users, especially benefiting rural areas with limited UPI services.