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MPC in 2 minutes: Here're the key development and regulatory steps

Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer

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RBI Governor Shaktikanta Das

1 min read Last Updated : Apr 08 2021 | 1:00 AM IST

Policy repo rates unchanged; accommodative stance to continue as long as necessary
CPI inflation for Q4FY21 projected at 5%; Q1FY22 and Q2FY22 at 5.2%; Q3FY22 at 4.4% & Q4FY22 at 5.1%
Real GDP projection retained at 10.5% for FY22 — 26.2% in Q1, 8.3% in Q2, 5.4% in Q3, 6.2% in Q4
Deadline for on-tap TLTRO scheme extended till Sept 30, 2021
AIFIs to get Rs 50,000 cr as fresh support from RBI for new lending in 2021-22
Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer
Panel to be formed to undertake comprehensive review of ARCs
PSL

Topics : RBI monetary policy Shaktikanta Das Payment banks

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