RBI MPC Meet: Rs 25,000 cyber fraud compensation, doubled MSME loan limits and big relief for NBFCs—5 top takeaways
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.25%, inline with expectations. However, that’s hardly what made headlines. Towards the end of the press meet, the RBI Governor started detailing out key proposals for the banking sector and that’s what made everyone sit up and pay attention
Governor Malhotra proposed key measures and proposals aimed at promoting ease of doing business for NBFCs, support MSMEs and enhance customer protection.
