MDR charges for small merchants with an annual turnover of up to Rs 20 lakh has been fixed at 0.40 per cent with a cap of Rs 200 per transaction.
VP said some people are asking, what was the benefit if all the money had reached to banks. It was to get the entire money into the banks.
The Reserve Bank of India decided to keep its key interest rates unchanged on Wednesday. The decision was taken after a two-day meeting of
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, has begun its two-day meet in Mumbai. At the end of the meeting on
Former Reserve Bank Governor Raghuram Rajan has dismissed any possibility of entering politics. There were reports of Rajan being offered Rajya
The Supreme Court has disposed of 14 petitions seeking its nod to deposit demonetised notes. It also asked a five-judge Constitution Bench to
Nearly a year after the government’s demonetisation move which banned the then higher denomination currency notes of Rs 1000 and Rs 500, the
Reserve Bank Governor Urjit Patel has called the government’s bank recapitalisation plan a ‘monumental step forward’ in
Bank account holders have been asked to furnish the Aadhaar number by the year end failing which their accounts will cease to be operational.
RBI Governor Urjit Patel is likely to brief the members of the parliamentary panel assessing the crucial Financial Resolution and Deposit
The Reserve Bank has kept interest rates unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast
The implementation of GST had an adverse impact on manufacturing and may delay investment revival, the Reserve Bank of India said while hoping
Bankers however are of the view that the Reserve Bank of India (RBI) would maintain status quo as inflation has risen.