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RBI reviews regulatory framework on recovery of penal charges on loans

RBI to introduce a coin-vending machine based on QR codes; details inside

In response to the outcome of the monetary policy for the year 2023, the Central Bank Governor announced that the RBI will introduce a coin vending machine that uses a QR code to improve accessibility to coins.

Welcome To IANS Live - BUSINESS - Penal charges by lenders on RBI radar, to come out with a paper

Announcing the 25 basis points (bps) hike in the repo rate to 6.5 per cent, Das also said the central bank has decided to extend UPI to inbound travellers, expanding the scope of Trade Receivables Discounting System (TReDS) and launch a pilot project on QR Code-based Coin Vending Machine in 12 cities.Poin

Welcome To IANS Live - LatestNews - Penal charges by lenders on RBI radar, to come out with a paper

Announcing the 25 basis points (bps) hike in the repo rate to 6.5 per cent, Das also said the central bank has decided to extend UPI to inbound travellers, expanding the scope of Trade Receivables Discounting System (TReDS) and launch a pilot project on QR Code-based Coin Vending Machine in 12 cities.Poin

Penal charges by lenders on RBI radar, to come out with a paper

The Reserve Bank of India (RBI) will soon come out with draft guidelines on charging of penal charges by its regulated entities, acceptance of green deposits, Governor Shaktikanta Das announced on Wednesday.Announcing the 25 basis points (bps) .

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