RBI Monetary Policy LIVE Updates: MPC keeps repo rate unchanged at 4%
RBI

RBI Monetary Policy LIVE Updates: MPC keeps repo rate unchanged at 4%

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”. […]

RBI Monetary Policy LIVE Updates: MPC keeps repo rate unchanged at 4%
RBI

RBI allows non-bank PSPs to participate in centralised payment systems

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 […]