UPI transactions limit raised to ₹10,000 for 123Pay, ₹5,000 for UPI Lite
UPI 123Pay transaction limits increase from ₹5,000 to ₹10,000, UPI Lite wallet limit rises from ₹2,000 to ₹5,000
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October 2024
September 2024
August 2024
RBI governor warns NBFCs pursuing ‘growth at any cost’
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
MPC holds repo rate; changes policy stance to ‘neutral’
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
RBI, Maldives Monetary Authority sign $400 mn currency swap pact
SAARC Currency Swap Framework provides short-term foreign exchange liquidity to member nations facing foreign currency shortages
RBI flags 'irregular practices' in gold loans by lenders; 10 key points
The RBI says banks and NBFCs must closely monitor gold loan portfolio, especially in light of significant growth in this segment; non-compliance to attract supervisory action after three months
IIFL Finance shares surge 11% as RBI lifts curbs on gold loan biz
The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC
U.S. Fed aggressively cuts interest rate by 50 bps; will RBI follow suit?
Historical trends suggest that the Reserve Bank of India often aligns its policy direction with the U.S. Federal Reserve.
RBI imposes monetary penalty on Axis Bank, HDFC Bank
A monetary penalty of ₹1.91 crore has been imposed on Axis Bank for non-compliance with certain directions issued by RBI.
RBI Governor vows to make UPI, RuPay 'truly global'
Das says DPI, which includes frameworks like Aadhaar, UPI, and online bill payments, will make financial system work better
After UPI success, RBI unveils ULI to transform lending space
This new platform is expected to revolutionise India’s lending sector, much like the Unified Payments Interface (UPI) did for payments.
