Rupay forex cards to your fixed deposits: How today's RBI policy impacts us In order to expand payment options for Indians travelling abroad, the Reserve Bank of India governor decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs

Repo rate unchanged, what do experts say about it? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on Thursday, announced its decision to keep the repo rate unchanged at 6.5 per cent. RBI governor Shaktikanta Das said that the committee took the decision unanimously. The gross domestic product (GDP) forecast for 2023-24 (FY24) has also ...

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RBI’s decision to keep repo rate unchanged on expected lines: Experts The Reserve Bank of India’s decision to keep policy rates unchanged was on expected lines, banking and financial experts said on Thursday. The Monetary Policy Committee (MPC), which has three members from RBI and an equal number of external experts, voted unanimously to keep the benchmark repurchase, ...

Industry wants reversal of rate hike cycle as RBI pasuses for second time The status quo adopted by the Reserve Bank in its second bi-monthly monetary policy of the current fiscal will pave way for reversal of rate hike cycle in due course, expects India Inc. The RBI, in its bi-monthly monetary policy review, opted for a pause ...

RBI not planning to issue norms to regulate social media influencers The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financial markets since sector watchdog Sebi is already on it. Addressing media after the monetary policy announcement on Thursday wherein the central bank has for ...

RBI to come out with guidelines regarding fraud account classification The Reserve Bank will ‘shortly’ come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice to a defaulter before labelling him a fraudster. “The SC has given a judgement, saying natural justice has ...

We are only pausing on rates, too early to call on inflation fight: Das After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause and that future policy actions will purely be data-dependent as a durable ...

IIFL to raise Rs 1,500 cr in bonds to fuel growth, caps coupon rate at 9% Leading non-bank lender IIFL Finance is raising up to Rs 1,500 crore through a public issue of secured redeemable non-convertible debentures (NCDs) to fuel credit growth and debt management, a senior company official said on Thursday. The public issue of the IIFL ...