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Debit cards: Merchant acquirers demand a higher share of MDR

Issuers of prepaid payment instruments (PPIs) are unhappy as they are treated as merchants liable to pay MDR.

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RBI should probe ghost accounts of farmers: ex-CM Prithviraj Chavan

The issue came to light after the State Level Bankers Committee (SLBC) revised its loan waiver for farmers’ accounts list almost thrice.

Department of Industrial Policy and Promotion, DIPP, Prime Minister Narendra Modi, National Pharmaceutical Pricing Authority, NPPA, Indian drugs, medicines made in india, top indian Pharmaceutical companies, indian express

RBI district-wise data: Mumbai accounts for lion’s share of banking business

Delhi follows Mumbai (both districts) with Rs 9.4 lakh crore of bank loans.

Winter Session of Parliament from December 15 to January 5

An Oversight Problem

For now, Parliament is ill-equipped to oversee economic issues in an integrated way

RBI keeps rates unchanged, warns against higher inflation, fiscal deficit

The RBI panel said there have been several significant developments in the recent period which augur well for growth prospects, going forward.

RBI rationalises charges on debit card transactions

Merchant discount rates for small merchants have been fixed at 0.40% with a cap of Rs 200 per transaction by debit cards through PoS machines or online transactions.

‘Reform and recap’ package to favour prudent banks: RBI Governor Urjit Patel

According to Patel, this is to ensure that the money is utilised to strengthen public sector bank balance sheet and “not to sow the seeds for the next boom and bust cycle” of lending.

Reserve Bank of India to hold interest rates

RBI leaves lending rate unchanged at 6%, retains economic growth forecast at 6.7%

The central bank raises inflation forecast to 4.3-4.7 per cent in the third and fourth quarters of the current fiscal, decides to rationalise charges on debit card transactions to boost digital payments

Reserve Bank of India to hold interest rates

RBI likely to hold rates as growth recovers

The monetary authority will announce its decision at 2.30 pm in Mumbai followed by a press conference 15 minutes later.

PM Narendra Modi’s economic advisor says RBI misguided on prices, should cut rates

“They believe inflation will rise, but you know their predictions of inflation have always been overestimated.”

Invest in Bitcoin at your own risk, RBI reiterates

The statement was issued after the cryptocurrency, which trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Bitstamp exchange on Sunday.

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Inflation, fiscal deficit woes: RBI likely to opt for status quo

The year-on-year (YoY) CPI inflation hardened to a seven-month high 3.6 per cent in October 2017 from 3.3 per cent in September 2017.

Former Congress MLA arrested for money laundering

PSU banks to RBI: Fraud worth Rs 51,000 crore tied to advances

Advance-related frauds in last 3 years adds up to about 8% of GNPAs of PSBs.

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RBI may hold rates on December 5 citing inflation worries: Icra

The Reserve Bank is likely to reiterate its stance of bringing systemic liquidity closer to neutrality on December 6, and primarily use overnight and term repos under the LAF to manage liquidity in the near term.

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Electoral bonds: Govt, RBI finalising norms; unveiling likely by year-end

These bonds are likely to be issued by the RBI and some public sector banks and will have a limited validity during which these can be deposited into designated accounts of the political parties.