This nudge comes amid sluggish deposit growth, which has led to a widening gap between credit and deposit growth
In the Lok Sabha, NDA allies JD(U) and TDP supported the Waqf (Amendment) Bill, while many opposition leaders criticised the bill as an attack on the Constitution.
The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced
The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2
With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation
Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours, says RBI Governor Shaktikanta Das