RBI
RBI Governor Confirms No Plans to Charge for UPI Transactions While Considering Digital Enforcement for Credit Purchases
Oct 01, 2025 05:01 pm CST
RBI Governor Sanjay Malhotra has affirmed there are no plans to levy charges on UPI transactions, while the central bank evaluates a proposal for remotely locking phones purchased on credit during payment defaults. The RBI has also raised India's GDP growth projection to 6.8% for the current fiscal year, with Malhotra expressing confidence in continued economic growth alongside price stability.
RBI Increases IPO Loan Limit to Rs 25 Lakh and Eases Banking Regulations to Boost Credit Access
Oct 01, 2025 03:45 pm CST
The Reserve Bank of India has implemented significant reforms to enhance credit accessibility, including raising IPO financing limits to Rs 25 lakh per person, allowing banks to finance corporate acquisitions, and increasing lending limits against shares to Rs 1 crore. These changes aim to stimulate infrastructure development and overall economic growth while giving banks until 2027 to adapt to new regulatory frameworks.
Will Trump Tariffs Impact India's Growth? What RBI Governor Said
Aug 06, 2025 04:10 pm CST
RBI on Wednesday kept its policy interest rate unchanged, as policymakers weighed the risks posed by changing global trade policies and the uncertainties surrounding the potential for higher tariffs by the US President Donald Trump's administration.