RBI likely to keep interest rate unchanged as inflation still high: Experts
Business | September 24, 2023 23:46 ISTThe Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023.
The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023.
Here is the list of changes which will impact your personal finance from October 1.
The central agency found that the firm had no authorization from the Reserve Bank of India (RBI) for forex trading.
Candidates who took the exam can check and download the provisional list of selected candidates on the official website opportunities.rbi.org.in.
Rs 2,000 note: The Reserve Bank of India announced the withdrawal of Rs 2,000 banknotes from circulation on May 19, 2023.
Eligible and interested candidates can fill in the RBI Assistant Recruitment 2023 application form through the official website-- rbi.org.in.
The introduction of CBDC was announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934, were made with the passage of the Finance Bill 2022.
Das also said that the RBI is committed to supporting the growth of the fintech industry and has taken several measures to do so, such as the introduction of the Regulatory Sandbox and the Payment Initiation Services framework.
The RBI's Monetary Policy Committee (MPC) has a mandate to keep retail inflation within a target range of 2-6%. In recent months, inflation has been driven by rising food and fuel prices.
The scope of UPI is now being expanded by the inclusion of credit lines as a funding account, it said in a circular on 'Operation of Pre-Sanctioned Credit Lines at Banks through UPI'.
Das has been placed at the top of the list of three central bank governors who have been rated A+.
The UPI was started in September 2016 and then after the growth has been very steady and now it has crossed 10 billion.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
There would be many important rule changes in September, including everything from gas prices to credit card rules, which would impact common man.
The selling price will be based on a valuation certificate issued by a SEBI-approved merchant banker and the valuation based on ADPL's financial statement for the financial year ended March 31, 2023.
The RBI had forecast a growth of 8% in the April-June quarter in its monetary policy statement in June. However, economists believe that the actual growth could be higher, at around 8.3% to 8.5%.
In 2022-23, UP attracted the highest share of new investments, with a total project cost of Rs. 43,180 crore.
The RBI's UDGAM portal offers a user-friendly platform for the public to identify and reclaim their unclaimed deposits across different banks, addressing the rising trend of unclaimed deposits. The RBI actively promotes awareness of this initiative through public campaigns.
In a notification, the RBI said in respect of EMI-based floating rate personal loans, in the wake of rising interest rates, several consumer grievances related to elongation of loan tenor and/or increase in EMI amount, without proper communication with and/or consent of borrowers have been received.
In response to rising inflation, the central bank has increased its repo rate by 250 basis points since January 2022, impacting affordability and increasing EMI burdens by 14.4% since then.
Top News
Latest News
