RBI makes no change in policy rates, growth rate expected 9.5 %
Reserve Bank of India (RBI) has not made any change in Repo Rate, Reverse Repo Rate, MSF Rate. RBI Governor Shaktikanta Das held a press conference on 04 June 2021 regarding the decisions of the central bank’s MPC on key rates. RBI Governor Shaktikanta Das said that the Monetary Policy Committee of the RBI has […]
RBI is preparing to bring digital currency
Reserve Bank of India is considering bringing its digital currency (virtual currency) into the country. If everything goes well then digital currency can be started in the country. Soon an Inter-Departmental Committee of RBI is going to take a decision on this. RBI believes that the need for virtual currency has been felt for a […]
Big decision of RBI, RTGS service now available 24X7
The Reserve Bank of India (RBI) has announced that from 14 December 2020 the real time gross settlement system (RTGS) in the country will start working 24×7 hours throughout the year. This will facilitate a lot of people doing digital transactions. This service will be available to customers all the time from 12:30 pm today […]
RBI directs HDFC Bank to stop selling new credit cards
The Reserve Bank of India has asked a private sector lender, HDFC Bank, to discontinue the new sourcing of credit cards to customers on a temporary basis, along with its digital launch. The central bank has also asked the bank to stop launching digital business-generating activities that are employed under Digital 2.0 as well as […]
Now 24×7 facility transfer money from RTGS system by RBI
The Reserve Bank of India (RBI) has introduced a new time frame for the Real-Time Gross Settlement (RTGS) system, which has come into effect from December 1, 2020. This top bank of India has now provided the facility to customers to transfer funds on all days of every week on a 24×7 basis through real-time […]
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