RBI MPC Meeting: The MPC maintained the policy stance as withdrawal of accommodation by 5 out of 6 majority. The announcements are in line with expectations.
RBI MPC Meeting: Further e-Mandates for making payments of a recurring nature has been raised to ₹1 lakh for mutual fund subscriptions, insurance premium subscriptions, and credit card repayments.
“A combination of all the steps taken by RBI will ensure that India s banking and financial services continue to stay ahead of the curve on digitisation. It will lower the intermediation cost, it will increase the coverage, and at the same time mis-selling will be reduced. So as a prudent regulator, as the governor says, RBI will act proactively rather than after the event.”
RBI Monetary Policy Latest Update: For the fourth straight occasion, the monetary policy committee, through its October review meeting, unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo.
RBI Monetory Policy 2023: The unchanged repo rate is a festive bonanza for homebuyers and gives them yet another opportunity to make cost-optimised home purchases.