RBI Plans To Levy Charge In Payment System, Govt Denies
The Union Finance Minister on Sunday said that the government is not considering levying any charge carried out through the Unified Payments Interface (UPI). This came amid speculation when the Reserve Bank Of India (RBI) planned to impose costs on the payment system, including UPI, NEFT and IMPS. The central government also said that other…
Shipra Prajapati
RBI’s MPC Meeting Update – Repo Rate Hiked By 50 bps
The Reserve Bank Of India (RBI) has increased the repo rate by 50 basis points to 4.90%. The decision has been made after Monetary Policy Committee’s meeting on Wednesday. RBI’s decision is not a stunner as many polls and economists were expecting a 40 basis point hike. RBI has reduced the repo rate in March…
SHAHID MUSHTAQ
RBI Raised Repo Rate By 40 bps: How It Will Affect
RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…
abhinav singh
RBI Discussing Digital Lending Guidelines With Industry Bodies
The Reserve Bank of India is involved in discussions with digital lending and consumer associations as it is on the way to finalising the guidelines on digital lending. The RBI has held a meeting with the Digital Lenders Association on India (DLAI) and the Fintech Association for Consumers Empowerment (FACE) on this matter and there…
RBI Decided To Keep The Interest Rates Unchanged to 4%
RBI Monetary Policy February 2022 has announced on Thursday. The Reserve bank kept the interest rate unchanged to 4% and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation, announced by RBI Governor Shrikanta Das in the MPC meeting. He added that RBI will maintain an accommodative stance…
John David
RBI Normalises Liquidity After The Secondary Sales Of Securities
The Reserve Bank Of India recently sold sovereign securities worth rupees 1,435 crores in the secondary market, clearing the sign of liquidity mobilisation. Indian benchmark yields hit their highest level in the past two years, due to the sale of bonds in the recent auctions. Resulting in a rise of the 10-year-old bond yield of…
RBI Has Changed Online Payment Rules- Effective From New Year
Reserve Bank of India has Announced Changing the Guidelines for Merchants and Gateways. The Revised Online Payment Rules Will Be in Effect from January 1. Read This Post To Know Everything About Newly Amended Rules. With a bounce in digital payments in India, the chances of fraud have also increased. Online transactions are always prone…
Not Cryptocurrency, But CBDCs: Changing the Economic Landscape of Asia with CBDCs
In October 2020, the People’s Bank of China made headlines after it launched its first-ever digital currency, e-CNY (Electric-Chinese Yuan). Over 50,000 residents of Shenzen, one of China’s most technologically advanced cities, received a red envelope worth 200 Yuan or $30. This marked a big milestone for the whole world, as this was the first…
Exploring the Impact of Forex Market Fragmentation on Trading Efficiency
Understanding what is forex trading is essential for grasping the broader implications of market dynamics, especially in an increasingly fragmented landscape. Forex trading, which involves the exchange of currencies on a global scale, is inherently complex due to its decentralized nature. In India, where forex trading is gaining popularity among advanced traders, the market’s fragmentation…
NCLT Gives Green Signal To Merger Of Slice And NESFB
The Guwahati bench of the National Company Law Tribunal on August 19 gave the green flag to the amalgamation involving Garagepreneurs Internet Pvt Ltd, Quadrillion Finance Pvt Ltd, Intergalactory Foundry Pvt Ltd, North East Small Finance Bank Ltd (NESFB), RGVN (North East) Microfinance Ltd, and Tiger Global-backed Slice. The news came one year after the…