With effect from October 3, the Reserve Bank of India (RBI) has appointed Muneesh Kapur as its executive director. Before being promoted to Executive Director, Kapur was Advisor in Charge of the Monetary Policy Department and Secretary of the Monetary Policy Committee. Over a period of nearly ...
The benchmark interest rate was last changed by the MPC in February 2023. The Monetary Policy Committee (MPC) also decided to stay focused on withdrawal of accommodation. The MPC took this decision by a majority of 4 out of 6 members. The MPC met on 6th, 7th and 8th August, 2024. ...
Overall, this paper comprehensively examines CBDCs, contextualizing their emergence in the broader evolution of monetary systems. It elucidates their potential impact on economies and international trade while acknowledging the technological and operational challenges associated with their implementation. A specif...
TheMonetary Policy Committee (MPC)remains focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth. The RBI Governor did not explicitly say that there would be a rate hike post the next MPC meeting. But reading between the line...
The Reserve Bank of India hasimposeda monetary penalty of Rs 1.91 crore on Axis Bank for operating a technology service provider and violating the Banking regulation Act, 1949.Section 6of the Act, which charts the activities permissible for a bank to undertake, does not include operating a tech...
Google firstmandatedthe inclusion of its billing policy in all apps available on its app store in 2020. This led to a backlash from the app developers in India, who eventually filed a complaint with the Competition Commission of India (CCI). The Commission in October 2022 finally came out wi...
Monetary Judgment Monetary Policy Monetary Stimulus Monetary System Monetary Theory Monetary Union MonetaryPolicy Monetization Money Money Center Bank Money Factor Money Flow Money Laundering Money Management Money Manager Money Market Money Markets Money Matters Money Movement Money Order Money Purchase Money ...
As part of its monetary policy in October 2024, RBI had informed of its intention to adjust these limits. At present, there is a limit of ₹500 per transaction and an overall limit of ₹2,000 per UPI Lite wallet. UPI Lite allows users to do fast, one-click transactions without the...
2. RBI has kept policy repo rate unchanged at 6.5% in monetary policy review meeting. RBI Bi-Monthly Monetary Policy Committee (MPC) meeting was held on December 6-8, 2023. This is for the fifth time in a row that the MPC has maintained the status quo. ...
RBI Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 6.5%. The repo rate is the rate at which RBI lends money to commercial banks. The Standing Deposit Facility (SDF) rate remains unchanged at 6.25% and the...