RBI said no transaction charges will be levied by CCIL on transactions of customers if transactions do not exceed USD 50,000 per day.
RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to ‘accommodative’.
TCS pipped other IT majors like IBM India, Infosys, Larsen & Toubro Infotech to get the key project of the central bank.
RBI to cut its repo rate by 25 basis points at its June 4-6 meeting, bringing it to 5.75 per cent - the lowest since July 2010.
A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor Shaktikanta Das.
Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.
Inflation in food articles hardened with steep rise in prices of vegetables during April.
The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms.
Supreme Court has ruled that the right to be represented by a lawyer does not extend to in-house proceedings.