Vakrangee will get RBI approval to arrange BBPS unit


The Reserve Bank of India (RBI) has granted in-principle approval to Vakrangee Ltd to arrange Bharat Bill Payment Operating Unit (BBPOU) to deal with cost companies associated to payments. With in-principle authorisation from RBI, Vakrangee Ltd will arrange and function BBPOU beneath the Payment and Settlement Systems Act, 2007 and can now be capable to straight deal with cost and aggregation of cost companies referring to payments beneath the scope of BBPS (Bharat Bill Payment System).

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The firm presents banking, insurance coverage, cash switch companies, e-commerce, e-governance and different digital companies on behalf of its associate banks, insurers, authorities businesses, e-commerce gamers amongst others by its branches largely situated in rural and semi-urban areas.

Important takeaways for all aggressive exams: 

  • RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.


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