UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh: RBI

8 Dec 2023 8:30 AM GMT
In a major decision, the RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh...

RBI ups GDP growth projection to 7% for financial year 2024

8 Dec 2023 5:27 AM GMT
The Reserve Bank of India on Friday raised the GDP growth projection for the current fiscal to 7 per cent from 6.5 per cent earlier on buoyant...

Interest rate to remain high for now, confirms RBI Governor Shaktikanta Das

20 Oct 2023 9:30 AM GMT
Reserve Bank Governor Shaktikanta Das on Friday said interest rate will remain high at the moment, and only time will tell for how long it remains at...

RBI retains inflation forecast for FY24 at 5.4 percent

6 Oct 2023 6:02 AM GMT
The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 per cent, and vowed to take timely measures to prevent any spillovers of...

RBI raises per transaction limit for UPI Lite to Rs 500 from Rs 200 in order to promote digital transaction

10 Aug 2023 8:30 AM GMT
Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to...

Loan EMIs ready to shoot up as RBI announces lending rate hike for the sixth time

8 Feb 2023 5:39 AM GMT
The Reserve Bank of India hiked its key repo rate by 25 basis points on Wednesday as expected but surprised markets by leaving the door open to more...
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