The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24
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Till now, the key fact statement is specifically mandated with respect to loans by SCBs to individual borrowers, digital lending by REs and microfinance loans
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Das also explained how RBI as a regulator, if need arises, engages with a regulated entity
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Last month, the RBI imposed major restrictions on Paytm Payments Bank Ltd (PPBL), directing it to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after 29 February 2024.
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U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC
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The two licences will allow company to offer prepaid cards to merchant payment acquiring
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In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo for the fifth straight time.
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The release stated, "We are exploring all options to ensure that our stakeholders are protected from unwarranted and speculative stories."
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