American Express and Diners Club are found non-compliant with directions on storage of payment system data. This order will not impact existing customers, RBI said.
RBI’s mega bond purchase program is going to subdue credit growth. Banks will have little room to hike interest rates. Small savers will face negative returns.
Retail inflation continues to fall
Sebi fines Yes Bank Rs 25 crore for fraudulently selling certain risky bonds to investors without necessary warnings and risk assessments.
RBI doubles maximum end of day balance for payments banks to Rs 2 lakh; move to help increase financial inclusion.
Now PPIs, card networks, White label ATM operators and TReDS platforms can take direct membership in the central bank-run RTGS and NEFT.
It will be an nclt case.
RBI retains GDP growth forecast for FY22 at 10.5%; says recent surge in Covid cases adds uncertainty to domestic growth outlook.
-640x480.jpg "Govt's debt monetisation program weighs heavy on RBI's monetary policy")
Govt's debt monetisation program weighs heavy on RBI's monetary policy
