Tag Archives: RBI

Google to comply with RBI norms for payment services

Internet giant Google is said to comply with the Reserve Bank of India (RBI) for payment services to host customer data locally, according to the top officials in the Ministry of Electronics and Information Technology. The official, who was present at a meeting between Union Minister for Electronics and IT, Ravi Shankar Prasad, and Google […]

RBI hikes key rate to 6.50%, EMIs may get costlier

The Reserve Bank of India (RBI) on Wednesday hike REPO rate following its August monetary policy meet. Headed by Governor Urjit Patel, Monetary Policy Committee (MPC) raised the repo rate by 25 basis points to 6.50%. The MPC also raised the key rate by 25 bps in June. Commenting over the MPC’s decision, RBI mentioned […]