Current Affairs - Finance - Discussion

Transcorp received in-principle approval from the Reserve Bank of India to join the Centralised Payment Systems, including RTGS and NEFT. This approval allows the company to obtain its own IFSC code and maintain a bank account directly with the RBI, significantly strengthening its operational framework. The move enhances its digital payment ecosystem, improves compliance standards, and boosts operational efficiency. By gaining direct access to centralized payment infrastructure, the company is better positioned for technology-driven expansion and independent growth. It is a public limited company and is listed on the Bombay Stock Exchange.