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RBI issues FAQs on default loss guarantee in digital lending

The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending ....

Reserve Bank , Default Loss Guarantee ,

Nifty closes flat after RBI keeps repo rate unchanged

The Nifty recovered from intraday lower levels to close flat on Friday after the RBI kept the repo rate unchanged at 6.5 per cent for the seventh consecutive time, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. ....

Siddhartha Khemka , Retail Research , Motilal Oswal Financial , Repo Rate ,

RBI okays use of 3rd party UPI apps for payments from PPI wallets: RBI Governor Shaktikanta Das

The RBI has decided to permit the use of third-party UPI apps for making UPI payments from PPI wallets to further enhance customer convenience and boost adoption of digital payments for small value transactions, RBI Governor Shaktikanta Das said ....

Shaktikanta Das , Central Bank Digital Currency , Prepaid Payment Instruments , Upi Apps , Pi Wallets ,

RBI imposed penalty of Rs 2 crore on State Bank of India

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2 crore on State Bank of India (the bank) under relevant section of the banking regulation Act. ....

New Delhi , Awareness Fund , Reserve Bank , State Bank , Statutory Inspection , Supervisory Evaluation , Depositor Education , Monetary Penalty ,

RBI projects 7% growth for next financial year

Mumbai, Feb 8 (PTI) The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. ....

Shaktikanta Das , Business News , Rbi 7 Growth , Rbi News , Financial Year ,