
The Reserve Bank of India (RBI) has announced a series of regulatory changes following its Monetary Policy Committee (MPC) meeting. Key measures include the issuance of comprehensive guidelines for gold loans and allowing the National Payments Corporation of India (NPCI) to revise transaction limits for Unified Payments Interface (UPI) person-to-merchant payments. RBI Governor Sanjay Malhotra emphasized that these adjustments aim to enhance economic stability and respond to emerging global developments. He noted that the evolving economic landscape necessitates monitoring and that the RBI remains committed to non-inflationary growth. The guidelines for co-lending will be expanded to all regulated entities, and the RBI plans to allow the securitization of stressed assets. Malhotra clarified that there are no plans to tighten gold loan norms, countering market concerns. The RBI's proactive stance is intended to support improved demand and maintain macroeconomic balance.











The Reserve Bank on Wednesday permitted NPCI to upwardly revise transaction limits in UPI for person-to-merchant payments based on evolving user needs. https://t.co/rtTYUO4vH7
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