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Banks are allowed to choose the minimum account balance: RBI Governor on the...

New Delhi, Aug 11: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s second largest lender ICICI Bank raised the monthly...
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Future UPI payments must be made in a way that is financially viable: The...

Mumbai, July 25: The era of completely free digital transactions via the Unified Payments Interface (UPI) may not last forever, RBI Governor Sanjay Malhotra signalled on Friday, adding that the UPI interface should be made financially sustainable in the future.The UPI system is currently free...
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