Page 6 - Public Tech Platform News Today

Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the MPC decided unanimously to keep repo rates unchanged. However, Indias inflation forecast has been increased from the previous forecast, even as GDP projections remained unchanged. Here is a look at other important MPC announcements, including further filip to UPI ecosystem.

A pilot project for digitalisation of Kisan Credit Card (KCC) loans of less than ₹1.60 lakh was started in September 2022.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.

Get latest articles and stories on India at LatestLY. The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. India News | Home Loan, Other Borrowers Can Switch to Fixed-rate Regime: RBI.

The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. The supe...

In an effort to deliver end-to-end frictionless credit on digital mode to underserved regions, the Reserve Bank Innovation Hub (RBIH) is developing a Public Tech Platform, said Reserve Bank of India's (RBI) Governor Shaktikanta Das.Announcing ...

The Reserve Bank of India (RBI) is developing a Public Tech Platform for Frictionless Credit delivery through end-to-end digital lending processes, beginning with Kisan Credit Card and dairy loans. RBIH, the RBIs wholly owned subsidiary that accelerates innovation in the financial sector, is piloting its platform in five states and plans to expand its offering to include education loans, MSMEs, and vehicle and personal loans. It will allow lenders to tap into data on milk sales or land records t...

Industry lobby grouping IBAs chairman A K Goel, who also heads state-run Punjab National Bank, said the move to impose a 10 per cent incremental cash reserve ratio will not impede the sectors ability to lend.