All new Debit and credit cards will be accomplished with EMV chip and PIN based with effect from September1, 2015

All new Debit and credit cards will be accomplished with EMV chip and PIN based with effect from September1, 2015 As a measure of risk mitigation measure, RBI had communicated to all Scheduled Commercial Banks including RRBs/Co-operative Banks / State Co-operative Banks/Central Co-operative Banks/ Authorized Card Payment Networks to accomplice issuance of EMV chip based…

RBI keeps key rates unchanged

In its first bimonthly monitory policy statement for 2015-16, RBI today (07/04/2015) said that on the basis of an assessment of current and evolving macro-economic situation, it has been decided to continue the following rates unchanged. CRR……………………………………….  4.00% SLR………………………………………..21.50% Repo Rate…………………………….     7.50% Reverse Repo Rate……………….     6.50% Marginal Standing Facility Rate  …