Question
What is the net worth required to obtain authorisation
for a non-bank BBPOU (Bharat Bill Payment Operating Units) from RBI ?Solution
The Reserve Bank of India (RBI) has eased norms for non-bank entities to set up Bharat Bill Payment operating units by reducing the net-worth requirement to Rs 25 crore, with a view to encouraging more players in the segment. Earlier, a net worth of Rs 100 crore is required to obtain authorisation for a non-bank BBPOU (Bharat Bill Payment Operating Units).
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