The RBI said the new framework will allow borrowers to switch to fixed interest rate from floating interest rates. This would provide relief to borrowers of home, auto and other loans.
Get latest articles and stories on India at LatestLY. The Supreme Court agreed to hear on Friday a plea challenging grant of 15-day interim bail to Raghav Magunta, son of YSR Congress Party MP Magunta Srinivasulu Reddy, by the Delhi High Court. India News | Excise Scam:SC Agrees to Hear Plea Challenging Grant of Interim Bail to YSR Cong MP s SonExcise Scam: SC Agrees to Hear on Friday Plea Challenging .
RBI MPC announcements: RuPay also allows tokenisation to allow cards to be tokenised on smartwatches, wearables, IoT-enabled devices, and allowing them to conduct card payments.