RBI
RBI cuts interest rate by a further 25 bps to 5.75%
06 Jun 2019
The MPC also decided to change the stance of monetary policy from neutral to accommodative to support growth, while sticking to the medium-term target for consumer price inflation of 4 per cent within a band of (+/-) 2 per cent
RBI panel suggests deepening the digital payments ecosystem
04 Jun 2019
The committee, headed by Nandan Nilekani, has suggested that the government take the lead in digitisation of payments besides an increased focus on low value high volume low-cost transactions to achieve a ten-fold increase in digital payment volumes
RBI to create specialised supervisory department
22 May 2019
The merger of its supervisory departments to form a specialised cadre is aimed at strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies
RBI envisions `safe, secure and affordable’ e-payment system
17 May 2019
The National Payments Corporation of India (NPCI), the RBI designated e-payments implementation body, however, sees a slowdown in the adoption of its RuPay cards despite onboarding more than 1,100 banks in the Universal Payment Interface backed system
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