According to Vivek Joshi, secretary of the finance ministry s Department of Financial Services, Paytm must resolve the regulatory problems faced by its payments bank with the Reserve Bank of India.
The RBI has kept the repo rate steady since February 2023 and is expected to continue doing so. The policy will be closely tracked for cues to a future rate cut
RBI Interest Rates: This is the sixth consecutive pause in the last one year. Since the April monetary policy in 2023, the RBI has kept the repo rate unchanged at 6.5 percent, after raising it by 250 basis points (bps) since May 2022