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Mumbai: The Reserve Bank of India (RBI) today decided to keep its key lending unchanged at 6.5% for the fourth consecutive time. The decision was taken unanimously at the central bank’s Monetary Policy Committee (MPC) meeting, said RBI Governor Shaktikanta Das. This means the loan interest rates too are likely to remain unchanged. We have identified inflation as a major ...

Mumbai: The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions. Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI) at the ongoing Global Fintech Festival. The latest offerings — Credit Line on UPI, UPI LITE X, and ...

Shaktikanta Das also said that the Indian economy is growing rapidly. (File) Mumbai: Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Unified Payments Interface (UPI) has played a phenomenal role in the FinTech revolution in India. “More than 10 billion transactions for over Rs 15 trillion value were carried out in August 2023. This number is ...

The UPI was started in September 2016. (File) Indore: Governor of Reserve Bank of India (RBI) Shaktikanta Das has said that initiatives have been taken to make feature phones (keypad mobile phones) also operate the UPI payment system. Shaktikanta Das made the remark while speaking at a program organised at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh’s Indore district on ...

According to government data, retail inflation rose to a 15-month high of 7.44 per cent in July. Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices of vegetables like tomatoes, restrictions on export of non-basmati rice and ...

He has been rated ‘A ‘ in the Global Finance Central Banker Report Cards 2023. Mumbai: Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. He has been rated ‘A ‘ in the Global Finance Central Banker Report Cards 2023. Mr Das has been placed at the top ...

“His dedication and vision continue to strengthen our nation’s growth trajectory.” New Delhi: Prime Minister Narendra Modi on Friday congratulated Reserve Bank of India (RBI) governor Shaktikanta Das for being rated “A” in the Global Finance Central Banker Report Cards 2023 and termed it as a proud moment for India. Taking to X (former Twitter), PM Modi said, “Congratulations to ...

Shaktikanta Das congratulated the ISRO team for the success of Chandrayaan-3. (File) New Delhi: Congratulating the team of ISRO for the success of the Chandrayaan-3 mission, Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that where there is will and determination, even the moon is not too far. Taking to social media platform X, formerly called Twitter, ...

Shaktikanta Das on Friday pitched for a global debt data-sharing platform. (File) Mumbai: Stating that high and unsustainable debt levels have severely constrained the fiscal capacity of many countries, Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution. At a seminar held under the G20 Finance Track National ...

RBI said the cumulative rate hikes taken so far are working their way into the economy. Mumbai: The central bank of the country today kept the key lending rate unchanged at 6.5% for the third time in a row, but said inflation rates are likely to rise led by vegetable prices. Reserve Bank of India (RBI) Governor Shaktikanta Das said ...