New Delhi, October 08, 2021: The RBI kept the repo rate and reverse repo rate unchanged for the eighth consecutive time, to propel growth when vaccinations has caught up and people livelihoods are returning to normal. The key announcements of Retail Digital Payment Solutions in Offline Mode where internet connectivity is either absent or barely available; and the regulatory sandbox for ‘Prevention and Mitigation of Financial Frauds’ would increase the trust factor, strengthen fraud governance and improve the access to finance to our customer segment – informal and self-employed customers. The message from RBI is that “although the pandemic protocols do us part, technology ties us together”.
Corporate Comm India (CCI Newswire)
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