RBI announces digital payments intelligence platform to check online frauds

07 Jun 2024

The Reserve Bank of India (RBI) has introduced a series of measures to enhance the safety and efficiency of digital payments and regulatory frameworks. These initiatives aim to promote innovation and inclusivity in the financial sector. Governor Das announced the establishment of a Digital Payments Intelligence Platform, leveraging advanced technologies...

Shaktikanta Das Set to Announce Monetary Policy at 10 AM Today

07 Jun 2024

RBI Governor Shaktikanta Das is set to present the second bi-monthly monetary policy for 2024-25 at 10 am today. This announcement follows the conclusion of the RBI's Monetary Policy Committee's three-day meeting, which began on Tuesday and ends this morning. Apart from announcing MPC’s decision on the repo rate and...

Check Key Highlights from RBI’s Bi-Monthly Monetary Policy Statement

08 Dec 2023

The Reserve Bank of India (RBI) unveiled a series of key decisions aimed at shaping the nation's economic landscape in a comprehensive bi-monthly policy statement. While keeping the benchmark interest rate at 6.5%, the RBI increased the UPI transaction limit, specifically targeting payments to hospitals and educational institutions, from Rs...

Inflation, monetary policy to moderate global economic activity: Finance Ministry report

25 Apr 2023

The Ministry of Finance's Monthly Economic Review report states that the growth process has been weakened due to heightened inflation and the tightening of monetary policy, and it is anticipated that these factors will continue to impede economic activity for a minimum of three years since the onset of the...