Bankers Hail RBI’s Monetary Policy On Taming Inflation
Bankers Hail RBI’s Monetary Policy On Taming Inflation: Recently, news surfaced on the Internet that bankers appreciated the RBI’s monetary policy focus on controlling inflation. People are very worried about inflation. If it increases, the expenditure they have to incur on a monthly basis will go up. And they have to spend less. Most of the time, people save their money in banks and they feel safe that no one will snatch their money. But after now it seems that the bank’s expenses have changed a bit. They are going to charge an extra amount for every transaction. Follow More Update On GetIndiaNews.com
And the charging amount was a bit high. Banks also changed monetary policy and some people faced difficulties in the first week. But no one knew when it became normal. Inflation continues to be a major concern, with all quarterly estimates of inflation above 5 percent. In short, maintaining price stability is the center. People trust banks. And they believe that the amount they are getting on a monthly basis will go to their bank account. It will save.
But some people claim that they are facing some problems while depositing money. Banks will not accept our money and people will leave the bank. According to bank employees, the matter has been resolved. Now anyone can deposit their money in banks and no one will ask how did you get it. how did you earn They will accept your amount.
Inflation is also another big thing that everyone was worried about. The central bank is coordinating with other central banks to control inflation and maintain financial stability. Bank of India MD and CEO Atanu Kumar Das said the policy announcement reflects that the central bank has continued to focus on a non-disruptive trade-off between price stability and growth.
Banks are changing policy. They were trying to link UPI with RuPay credit card and increased subsidy on Payment Infrastructure Development Fund. People will be happy when their RuPay card gets converted into UPI. Most of the time people have to use cash whenever they have to pay. Some people would do it while some would not. To overcome this, he has released this new feature so that people do not have to face any kind of problem. Follow this site to get stay updated.