In December 2019, the Reserve Bank made available the National Electronic Funds Transfer (NEFT) system on a 24x7x365 basis.
The RBI decided to keep repo rate unchanged in its October policy meet while maintaining the accomodative stance.
“Covid-19 has tested and severely stretched our resources and our endurance. Our travails are not over yet and a renewed rise in infections remains a serious risk. We have, however, come far on an un-travelled road, with self-belief and the courage of hope,” the RBI governor stated.