The Reserve Bank of India has proposed compensating customers up to ₹25,000 for losses from small-value fraudulent digital transactions, alongside new draft guidelines on mis-selling, loan recovery practices, and liability in unauthorized banking transactions.
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, maintaining a neutral monetary policy stance. The decision was taken unanimously by the RBI Monetary Policy Committee (MPC) under Governor Sanjay Malhotra.
Indian equity markets opened lower on Friday, with Nifty50 at 25,594.35 and BSE Sensex at 83,203.83, as investors awaited the RBI Monetary Policy Committee (MPC) outcome. NTPC, Tata Steel, HDFC Bank, and Maruti were early losers, while Bajaj Finance and Kotak Bank gained
Former Union finance minister P Chidambaram called the Reserve Bank of India’s (RBI) direction on the deferment of equated monthly instalments (EMIs) as “ambiguous” and “half-hearted”.
BSE benchmark Sensex jumped over 150 points in early trade Thursday on sustained buying by domestic and foreign institutional investors, ahead of RBI’s policy outcome later in the day.
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