Other than hearty interest across sections, rise attached to quarter-end business likewise pushed the advance volumes in fortnight, brokers said Reflecting flood in quarter-end business, Business Bank credit extended by 16.22 percent Year on Year (YoY) premise to Rs 143.91 trillion toward the finish of fortnight finished June 30, 2023. The credit had extended by […]
By Administrator_India Capital Sands RBI Monetary Policy LIVE Updates: The Monetary Policy Committee (MPC) has decided to maintain status quo and keep interest rates unchanged. Currently, the repo rate is 4 percent and reverse repo rate is 3.35 percent. Reserve Bank of India (RBI) Governor Shaktikanta Das said the policy stance continues to be “accommodative”. […]
By Administrator_India Capital Sands The Reserve Bank of India (RBI) on Wednesday allowed authorised non-bank payment system providers (PSPs) to participate in centralised payment systems (CPS), such as real-time gross settlement (RTGS) and national electronic fund transfer (NEFT), as direct members. PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators […]
By Administrator_ India Capital Sands The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) that decides on key lending rates on October 7 started its three-day meeting. There is a broad consensus that the committee will adopt a status quo on policy rate decision, to be announced on October 9, as […]