Lok Sabha clears bill allowing charges on UPI payments
The Lok Sabha on Thursday passed a Bill amending the Payment and Settlement Systems Act, 2007, giving the government power to permit banks and payment providers to levy charges on UPI and…
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Bajaj Finance falls 6% as RBI draft targets revolving credit
Bajaj Finance shares fell 5.55% to Rs 1,086 on August 3, their sharpest intraday decline in four months, Business Today reports. The company’s market capitalisation fell to Rs 6.85 lakh crore. The…
Bill to enable UPI MDR tabled, no decision yet: Sitharaman
The government has tabled a bill in the Lok Sabha to amend the Payment and Settlement Systems Act, 2007, removing the blanket ban on merchant discount rate (MDR) for UPI transactions. Finance…
RBI weighs wider AI rules for banks and NBFCs
The Reserve Bank of India is discussing comprehensive guidelines for banks and non-bank lenders using artificial intelligence, Livemint reports, citing a person familiar with the discussions. The proposed framework could bring together…
Rupee falls to 95.28 as oil and US yields pressure currency
The rupee fell 6 paise to 95.28 against the US dollar in early trade on Friday, after opening at 95.27. It had declined 14 paise to 95.22 in the previous session. The…
RBI absorbs Rs 1.30 lakh crore through reverse repo
The Reserve Bank of India absorbed Rs 1,30,286 crore through a four-day variable-rate reverse repo operation on August 6, 2026, at a cut-off rate of 5.24%. Banks placed another Rs 2,45,409 crore…
RBI Publishes Payment System Authorisation Register
The Reserve Bank of India has published a page listing certificates of authorisation issued under the Payment and Settlement Systems Act, 2007. The certificates concern entities setting up and operating payment systems…
RBI Holds Repo Rate At 5.25% For Fourth Review
The RBI’s Monetary Policy Committee on Wednesday unanimously kept the repo rate at 5.25% and retained its neutral stance for a fourth consecutive review. Governor Sanjay Malhotra said inflation may peak at…
Jewellers Propose 1% Incentive to Mobilise Household Gold
Indian jewellers could receive an incentive of 0.75% to 1% on old gold collected under a proposed revamp of the government’s Gold Monetisation Scheme. The proposal from the India Bullion and Jewellers…
RBI targets polymer banknote rollout by next financial year
RBI Governor Sanjay Malhotra said the central bank aims to have polymer banknotes in circulation by the beginning of the next financial year, if field trials and preparations go as planned. Speaking…
