RBI MPC meeting: 5 key development reforms you must know

The Reserve Bank of India Governor Sanjay Malhotra announced a 25 basis points cut in the repo rate, bringing it down from 6.25% to 6%. SECURITISATION OF STRESSED ASSETS To help banks and lenders deal with bad loans more effectively, the RBI has proposed a new framework for securitising stressed assets. NEW GUIDELINES ON CO-LENDING At present, co-lending rules apply only to partnerships between banks and non-banking financial companies for loans in priority sectors. UPI TRANSACTION LIMITS MAY CHANGE Currently, UPI payments are mostly capped at Rs 1 lakh for both Person to Person and Person to Merchant payments. The RBI has suggested that National Payments Corporation of India may now review and revise these limits based on evolving user needs and suitable measures will be introduced to reduce potential risks arising from increased transaction limits.