UPI transactions to remain free, no plan yet to levy charge: RBI governor Sanjay Malhotra

Governor Malhotra also expressed confidence in India’s economic outlook, highlighting a “very high growth trajectory” alongside a commitment to maintaining price stability.

Announcing the fourth bi-monthly monetary policy review, Malhotra further said it is proposed to provide an enabling framework for Indian banks to finance acquisitions by Indian corporates, thereby expanding the scope of capital market lending by banks.