According to Vivek Joshi, secretary of the finance ministry s Department of Financial Services, Paytm must resolve the regulatory problems faced by its payments bank with the Reserve Bank of India.
RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das has announced MPC’s 5-1 decision to keep interest rates steady at 6.5 per cent. Das said that inflation is moving closer to the RBI’s target but yet to reach the 4 per cent mark. RBI has kept standing deposit facility rate steady at 6.25%
RBI has projected real growth at 7 per cent and inflation at 4.5 per cent for next fiscal. This is higher than the govt’s nominal growth assumption of 10.5 per cent in the interim budget.