RBI
RBI proposes new umbrella entity for retail payment systems
12 Feb 2020
RBI has proposed the incorporation of a separate entity having a minimum paid-up capital of Rs500 crore, which may be a ‘for-profit’ company authorised by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007
RBI keeps repo rate unchanged at 5.15% as inflation spikes
06 Feb 2020
The Monetary Policy Committee expects consumer price inflation that has peaked to 7.4 per cent in December 2019, to tame itself as onion prices plummet
Bank’s bad loans may rise, credit growth to remain subdued: RBI
30 Dec 2019
NPAs in the banking system may rise due to a change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, even as the financial system remained stable, says RBI
RBI introduces prepaid instrument for small-value payments
26 Dec 2019
The new PPI can be used only for the purchase of goods and services up to Rs10,000 per month and Rs1,20,000 during the entire financial year
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