RBI to issue digital payment security control directions

RBI to issue digital payment security control directions

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 regulated entities," Das said in a statement on December 4.

The Monetary Policy Committee (MPC) made a unanimous decision to keep the repo rate steady at 4 percent and maintain the policy stance at "accommodative".

Das also spoke about the Centres for Financial Literacy (CFL), implemented by the RBI in 2017.

"It is now proposed to expand the reach of the CFLs from 100 blocks currently to every block in the country in a phased manner by March 2024," he said.