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National Payments Corporation of India (NPCI) launches innovative digital solution – ‘e-RUPI’

Current GK ( Master) Indian Economy

10-Aug-21

National Payments Corporation of India (NPCI) launches innovative digital solution – ‘e-RUPI’

e-RUPI is a type of payment voucher, for a specific purpose or activity via SMS or QR code, with a one-time payment mechanism.. It is built on the UPI platform.
HDFC Bank launches ‘Dukandar Overdraft Scheme’ for small retailers to help shopkeepers and merchants in easing their cash crunch.
RBI Authorises IndusInd Bank to act as an ‘Agency Bank’
RBI Keeps Repo Rate Unchanged at 4% in MPC meet held between August 04 to August 06, 2021.
Suryoday Small Finance Bank launches ‘Health and Wellness Savings Account.
State Bank of India (SBI) launches ‘SIM Binding’ feature for its YONO and YONO Lite app
RBI has kept the real GDP growth for India unchanged at 9.5% in 2021-22 Key Policy Rates & Reserve Ratios

Repo Rate 4.00%
Reverse Repo Rate 3.35%
Marginal Standing Facility Rate 4.25%
Bank Rate 4.25%
CRR 4%
SLR 18.00%
World Bank approves $250 million project to make India’s existing dams safe
and resilient
Asian Development Bank approves USD 300 million loan as additional financing
for Maharashtra Rural Connectivity Improvement Project for upgrading rural
roads and connecting remote areas with markets

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