Aditi Nayar, Principal Economist, ICRA, in an interview with Money9, said she feels the rate cycle has ended.
RBI had earlier announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin abou
The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
The RBI will come out with a consultative document harmonising regulatory frameworks applicable to various regulated lenders in the microfinance space
This will broaden the investor base and provide retail investors with enhanced access to participate in the government securities market, RBI said.
Repo and reverse repo rates unchanged at 4% and 3.35% respectively. GDP growth rate for FY22 pegged at 10.5%.
RBI is expected to reassure on liquidity in the system, with a gradual normalisation over the next few quarters. Lending rates not likely to be change
The central bank said the RBIA is an audit methodology that links an organisation's overall risk management framework.
The bench asked the administrator to look into the applications by the depositors and take a decision within a further period of two weeks and commun
(RBI), in its affidavit filed in the top court, also said that the matters related to “data privacy and data sharing” come under the domain of the