Prime Minister Narendra Modi inaugurated the Reserve Bank of India’s new data centre and Cybersecurity Training Institute in Bhubaneswar. The ₹169-crore facility is designed to strengthen digital infrastructure, improve cybersecurity capabilities and support India’s growing digital financial services.
The Supreme Court has refused to stay the Centre’s decision to impose MDR on specified UPI merchant payments above ₹2,000 and sought responses from the Centre, RBI, NPCI and UPI Steering Committee.
The RBI accepted Rs 25,000 crore in its second OMO sale, with bids worth Rs 84,982 crore received as the central bank works to absorb surplus banking-system liquidity.
The RBI has ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil from the Latur District Central Cooperative Bank board over the prescribed 10-year tenure limit for directors.
Tata Sons has approved N Chandrasekaran’s re-appointment as chairman for another five-year term, reversing his August decision not to seek a third term.
India’s foreign exchange reserves surged $44.90 billion to a record $785.71 billion in the week ended September 4, with foreign currency assets driving the increase.
New Delhi: The repo rate is likely to be hiked to 6 per cent by April 2027 to find a more stable policy footing as excess liquidity skews markets, a report said on Friday. The report from Bandhan AMC said India’s fixed‑income investors face a complex environment amidst rising inflationary pressures that argue for faster.
The Reserve Bank of India announces a new monetary policy every two months. Monetary policies are of two types: an accommodative (or loose) policy, where the repo rate and interest rates remain low with the primary objective of boosting investment; and a tight (or restrictive) policy, characterized by credit controls and high repo and interest.
The BJP clarified that UPI charges will not be imposed on common citizens and will only apply to certain commercial transactions after the Lok Sabha passed an amendment Bill.
