RBI MPC: Top announcements by Governor Shaktikanta Das and its impact [Video]

At the RBI MPC meeting, Governor Shaktikanta Das announced several key initiatives. The “Connect 2 Regulate” program was launched during RBI@90 celebrations, with a dedicated website section for stakeholders to share ideas and case studies. The RBI introduced the Secured Overnight Rupee Rate (SORR), podcasts for communication, and increased collateral-free loan limits for agriculture. Additionally, Pre-sanctioned Credit Lines via UPI will now extend to SFBs, and Mule-hunter.AI will be used to identify mule accounts.

ET Online | 06 Dec 2024, 12:35 PM IST