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Banks mull options on using iris scans for verifying transactions

The banks are in talks with Reserve Bank of India (RBI) among stakeholders, for using iris scans as ageing has been found to distort fingerprints or thumb impressions, making them less reliable for authentication, the people said. ....

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Gains in disinflation achieved over last two years have to be preserved: RBI Governor Shaktikanta Das

Das voted for keeping the policy repo rate unchanged and to continue with the focus on withdrawal of accommodation. ....

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inflation: MPC stresses need for aligning to the 4 per cent target on a durable basis

The Monetary Policy Committee (MPC) members are focusing on aligning inflation to the 4% target on a durable basis. Despite reinforcing inflation, concerns over food inflation remain, and strong growth indicators allow for pause rates for some more time. All members voted for a pause in policy rate to 6.5% and continued with the stance of "withdrawal of accommodation." ....

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Lenders mull 90-day extension to close Reliance Capital resolution process

Lenders mull 90-day extension to close Reliance Capital resolution process : Rashtra News #Lenders #mull #90day #extension #close #Reliance #Capital #resolution #process Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said. The Committee of ....

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MPC Minutes: Here's what members said on growth, inflation and interest rates

The Monetary Policy Committee of the RBI in April monetary policy kept repo rate unchanged at 6.50 percent for the seventh time in a row with its focus firmly on bringing inflation down. ....

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