RBI to issue digital payment security control directions
The Monetary Policy Committee made a unanimous decision to keep the repo rate steady at 4 percent and maintain the policy stance at “accommodative”.
The Reserve Bank of India (RBI) has proposed to issue digital payment security control directions for regulated entities, Governor Shaktikanta Das said.
“We propose to issue (Digital Payment Security Controls) Directions for the controlled elements,” The RBI Governor said in articulation on December 4.
The Monetary Policy Committee (MPC) settled on a consistent choice to keep the repo rate consistent at 4 percent and keep up the approach position at “accommodative”.
Das additionally talked about the Centers for Financial Literacy (CFL), executed by the RBI in 2017.
“It is presently proposed to extend the span of the CFLs from 100 squares right now to each obstruct in the nation in a staged way by March 2024,” he said.
The headings will remember rules for administration, execution, and observing of certain base guidelines on normal security controls for channels, for example, web and versatile banking, card installments.
Das said draft rules on advanced installment security controls will be given in no time for input from people in general.
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