MDR fears groundless, AI accountability lies with boards: RBI Dy Governor SC Murmu

Economic Times TechSeptember 18, 2026en

Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Bank of India (RBI) Deputy Governor S. C. Murmu on Friday addressed lingering concerns over Merchant Discount Rate (MDR) costs and the potential impact of fee recovery on digital payment adoption.

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