RBI Monetary Policy Committee Current Affairs, GK & News
Single-block-and-multiple debit in UPI
At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to be used when in need. He also announced the expansion of the scope of BBPS ..
Month: Current Affairs - December, 2022
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: BBPS • Bharat Bill Payment System (BBPS) • BHIM UPI • Monetary Policy Committee • Monetary Policy Committee (MPC) • RBI Monetary Policy Committee • Reserve Bank of India • Reserve Bank of India (RBI) • Unified Payment Interface
RBI Monetary Policy Committee Announcements
Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. Key points Monetary Policy Committee has also ensured that inflation remains within the target. Reverse ..
Month: Current Affairs - October, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Bi-monthly monetary policy • CPI inflation • Food Inflation • GDP forecast • RBI Monetary Policy Committee