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Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Live Mint Have you ever wondered what would you do if you lost a credit card, and consequently witnessed an unauthorised transaction before you could get it blocked? The immediate response of a credit card user would be to intimate the bank or financial institution as soon as the card is lost. However, what would happen…
Source: Business Standard RBI, Reserve Bank of India | Image: Bloomberg 4 min read Last Updated : Oct 08 2024 | 9:07 AM IST By Anup Roy and Subhadip Sircar India’s new monetary policy committee may lay the ground for an interest rate cut on Wednesday as a wave of global easing kicks off and…
Source: Business Standard This marks the fourth RBI MPC meeting of the financial year 2024-25. | Image: Bloomberg 7:14 AM RBI MPC Meeting LIVE: Policy committee is set to discuss key issues influencing India’s monetary policy The MPC is set to discuss key issues influencing India’s monetary policy. That includes inflationary pressures on food and…
Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 6:30 PM IST Microfinance Industry Network (MFIN), the self-regulatory organisation for the microfinance sector, will review the compliance of its members with norms that restrict the number of lenders per borrower to four, and limit total microfinance indebtedness to Rs 2…
Source: Live Mint The markets regulator will let stockbrokers deal in government securities by accessing the negotiated dealing system-ordering matching (NDS-OM) introduced by the Reserve Bank of India (RBI) in 2005. NDS-OM is a screen-based electronic anonymous order matching system for secondary market trading in G-Secs owned by RBI. It was exclusively designed for G-Secs…
Source: Live Mint You double-check your statement, confirm the transactions aren’t yours, and rule out the possibility that a family member used your card. The charges seem random and the merchants are unfamiliar. Panic sets in as you realise that your card has likely been compromised. What should you do next? Block your card immediately…
Source: Business Standard India’s benchmark equity indices Sensex and Nifty 50, logged their sixth straight day of losses on Monday. | Photo: Shutterstock 2 min read Last Updated : Oct 07 2024 | 4:32 PM IST The Indian rupee ended nearly unchanged on Monday, sidestepping a decline in its regional peers and pressure from…
Source: Business Standard Despite the recent dip, a Reuters poll has estimated that inflation will pick up again, to average 4.5 per cent this fiscal year and 4.3 per cent next year (Photo: Reuters) 3 min read Last Updated : Oct 07 2024 | 1:49 PM IST India’s central bank is likely to keep…
