Category: Banking Awareness

National Payments Corporation of India (NPCI) – a Complete Study

National Payments Corporation of India (NPCI) is an umbrella organisation for all the retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of Payments and Settlement Systems Act 2007, for creating a robust payment and […]

RBI Fourth Bi-monthly Policy Review and Understanding Monetary Policy

Economic reforms is mainly dependent on the Fiscal and Monetary policies. Fiscal policy is regulated by the Government¬†of India and Monetary policy is regulated by the¬†RBI. The six-member Monetary Policy Committee of Reserve Bank of India on 5-Oct-2018, refrained from increasing the Repo Rate, the short term lending rate and kepy it unchanged. At present, […]

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