Monetary Archives - NRI News https://nrinews24x7.com/tag/monetary/ Fri, 07 Feb 2025 15:27:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://nrinews24x7.com/wp-content/uploads/2023/06/cropped-NRI_NEWSFavi-32x32.png Monetary Archives - NRI News https://nrinews24x7.com/tag/monetary/ 32 32 Understanding the RBI Monetary Policy Through the Lens of the State Bank of India Chairman https://nrinews24x7.com/understanding-the-rbi-monetary-policy-through-the-lens-of-the-state-bank-of-india-chairman/ https://nrinews24x7.com/understanding-the-rbi-monetary-policy-through-the-lens-of-the-state-bank-of-india-chairman/#respond Fri, 07 Feb 2025 15:27:29 +0000 https://nrinews24x7.com/?p=176440 “The RBI decision to start the easing cycle with a 25-bps cut was timely, contextual, and also well communicated concerning regulatory changes in transition to ensure a seamless and non-disruptive manner. The RBI growth and inflation forecasts for FY26 clearly show the delicate tradeoff between growth and inflation. The regulatory announcement on forward contract, reviewing […]

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]]> “The RBI decision to start the easing cycle with a 25-bps cut was timely, contextual, and also well communicated concerning regulatory changes in transition to ensure a seamless and non-disruptive manner. The RBI growth and inflation forecasts for FY26 clearly show the delicate tradeoff between growth and inflation. The regulatory announcement on forward contract, reviewing trade settling cycle and addressing cyber security in banks and payment systems will ensure better price discovery, more broad basing of participants and ensuring trust in digital banking.”

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]]> https://nrinews24x7.com/understanding-the-rbi-monetary-policy-through-the-lens-of-the-state-bank-of-india-chairman/feed/ 0 Understanding RBI’s Monetary Policy: Expert Comments from NTT DATA Payment Services https://nrinews24x7.com/understanding-rbis-monetary-policy-expert-comments-from-ntt-data-payment-services/ https://nrinews24x7.com/understanding-rbis-monetary-policy-expert-comments-from-ntt-data-payment-services/#respond Wed, 09 Oct 2024 18:10:06 +0000 https://nrinews24x7.com/?p=174984 INDIA: “Increase in per transaction limit to Rs 10,000 from Rs 5,000 under UPI 123 and enhanced limits in UPI Lite is a big positive. Under-served categories such as senior citizens, and users from rural India with limited usage of digital means may find this beneficial. Enhanced limits can be particularly useful for making utility […]

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]]> INDIA: “Increase in per transaction limit to Rs 10,000 from Rs 5,000 under UPI 123 and enhanced limits in UPI Lite is a big positive. Under-served categories such as senior citizens, and users from rural India with limited usage of digital means may find this beneficial. Enhanced limits can be particularly useful for making utility bill payments and for payments to other users.

This welcome move from the RBI comes after the SEBI’s directive to allow a UPI-based block mechanism for funding secondary market trades in the capital market. Overall, the use cases for UPI are increasing. This augurs well for both the consumer as well as for the industry, as payments become more efficient and convenient.” said Rahul Jain, CFO of NTT DATA Payment Services India

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