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RBI proposes changes to strengthen banks' internal ombudsman framework

The banking regulator will issue consolidated guidelines to ensure uniformity in timeline for complaint escalation, minimum qualifications for an internal ombudsman and so on across regulated entities such as banks, NBFCs and prepaid payment instrument companies ....

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RBI MPC meeting August 2023 LIVE updates: Transaction limit on UPI lite raised, offline payments to be introduced soon, says Shaktikanta Das

RBI MPC meeting LIVE: Shaktikanta Das said that the incremental CRR for banks is a temporary measure and will be reviewed on September 8. ....

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Govt allows issuance of RuPay forex, usable at ATMs, POS machines, online sites

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. ....

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RBI MPC meeting announcements: GDP growth projected at 6.5% for 2023-24

MPC meeting: RBI Governor Shaktikanta Das projected GDP growth for 2023-24 at 6.5 per cent, with slight tweaks in the quarterly growth estimates. ....

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RBI Monetary Policy: Shrinkage in surplus liquidity between April and May

RBI s liquidity adjustment facility showed less surplus liquidity between April and May, due to maturing targeted longer-term refinancing operations and seasonal spikes. ....

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