Bankers are not expecting any change in policy rates; RBI to reassure markets about keeping optimum levels of liquidity and also talk about OMOs.
MSMEs can now seek resolution for their stress through the pre-packaged process under the IBC.
SBI Card sees over 50% of its transactions from online payments such as on groceries, utility bills and insurance premium.
SBI ups minimum interest rate on home loans by 25 basis points to 6.95%; rates could stiffen as other banks are expected to follow SBI’s footsteps.
RBI directs Mobikwik, which is facing data breach allegations, to have a forensic audit done without delay.
-964x868.jpg "Govt retains retail inflation target for 5 years")
RBI's MPC to meet six times in a year
Govt cuts interest on PPF by 0.7% to 6.4%, making it the lowest in 46 years.
Within less than 12 hours, govt rolls back its order to slash interest rates on small savings like PPF and NSC; Opposition terms it as sign of “insensitivity”.
RBI does not feel need for downward revision of its 10.5% GDP growth forecast for FY22 despite rise in Covid cases, governor Shaktikanta Das said.
