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What are the rates of interest offered by payment banks?
Payment banks are offering interest rates as high as 7.5%. Also, most of the payment banks have the facility of zero balance account.
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Realtors welcome RBI policy; urge apex bank to boost liquidity in housing sector
RBI Governor's assurance to provide adequate credit by ensuring liquidity and announcement of Rs 10,000 crore additional liquidity to NHB must be pass
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RBI status quo on policy supportive of economic growth: Experts
The growth forecasts appear to be encouraging and the economic activity momentum will be further consolidated, says an expert
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Rupee plummets 105 paise to close at 74.47 against US dollar
At the interbank forex market, the local unit opened at 73.52 against the greenback and traded in the range of 73.52 to 74.50 during the day
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RBI’s accommodative policy stance reassuring to industry, trade: Chambers
Industry body Assocham said that this decision would also get immense support from a slew of other critical measures announced by RBI
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RBI extends interim WMA limit of Rs 51,560 crore to states till September
In addition, RBI has enhanced the aggregate WMA limit of states and Union Territories (UTs) to Rs 47,010 crore per year
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RBI to mandate interoperability among prepaid payments instruments: Shaktikanta Das
The central bank also doubled the maximum balance a single account in a payments bank can carry to Rs 2 lakh at the end of the day
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RBI group set to submit report on digital lending
It will form the basis for setting rules for India's fast-growing digital lending sector
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Inflation targeting has worked well, Centre must stay with it: Former RBI Governor D Subbarao
D Subbarao said the government's proposal to privatise some PSUs is not akin to selling family silver but it is a route for putting India on a sustain
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India will have heterogeneous banking sector in a decade with four types of banks, says RBI governor Shaktikanta Das
Shaktikanta Das said upgradation of IT infrastructure and improving customer services together with cybersecurity measures are other key issues that a
