IMPS limit to be increased to Rs 5 lakh: RBI

October 08, 2021 10:44

Another important announcement from the RBI: IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh.

This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.

RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

MPC decided to keep benchmark repurchase (repo) rate at 4 per cent, Das said while announcing the bi-monthly monetary policy review.

« Back to LIVE

TOP STORIES

Ponting Won't Take Up India Coach Job

'I'd love to be a senior coach of a national team, but with the other things that I have in my life and wanting to have a bit of time at home... everyone knows if you take a job working with the Indian team you can't be involved in an...

Recharge Zones To Cool Clothing: Indian Companies' Summer Strategies

Several firms are stepping up to help their workforce cope with soaring temperatures

Step-By-Step Guide For ITR Filing

Income Tax department have released different tools to help you file your ITR-3 form easily.

Meet Mr And Mrs of Bollywood

Like Mr And Mrs Mahi, which captures the triumph of spirit of a husband and wife, there are quite a few instances of directors opting for a Mr and Mrs brand of title to describe the essence of their story.

'Kirana Stores May Adopt Quick Commerce'

'Traders must adopt digital payments as soon as possible within a set timeframe, as the nation is moving rapidly towards digitisation.' 'Ignoring digital systems is not an option for strengthening trade.'