https://www.taxtmi.com/news?id=21376 The Reserve Bank cut the policy rate by twenty five basis points, narrowed the interest rate corridor, and changed the policy stance to accommodative, noting elevated system liquidity and foreign exchange reserves. It revised down growth projections and revised up inflation forecasts while flagging risks from food prices, monsoon uncertainty, crude oil, market volatility and fiscal developments. Operational measures include waiving RTGS/NEFT charges, forming a panel to review ATM and bank fees, and issuing draft guidelines for on tap small finance bank licensing. en-us Thu, 06 Jun 2019 15:35:08 +0530 Thu, 06 Jun 2019 15:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21376 The Reserve Bank cut the policy rate by twenty five basis points, narrowed the interest rate corridor, and changed the policy stance to accommodative, noting elevated system liquidity and foreign exchange reserves. It revised down growth projections and revised up inflation forecasts while flagging risks from food prices, monsoon uncertainty, crude oil, market volatility and fiscal developments. Operational measures include waiving RTGS/NEFT charges, forming a panel to review ATM and bank fees, and issuing draft guidelines for on tap small finance bank licensing. News - Thu, 06 Jun 2019 15:35:08 +0530 https://www.taxtmi.com/news?id=21376