RBI conducts Rs 4175 cr outright OMO sales on Oct 16-20, shows data Subject: Economy Section: Monetary Policy Context: In October meeting, the monetary policy committee voted unanimously to keep interest rates unchanged. This was widely expected. But what was not was the RBI Governor stating that the central bank would consider open […]

    RBI raises data updation bar for banks, credit info firms Subject: Economy Section: Monetary Policy Context: RBI comes out with Framework for compensation to customers for delayed updating/ rectification of credit information. Key Points: Credit institutions (CIs) and credit information companies (CICs) will have to compensate complainants at the rate of ₹100 per […]