Credit card companies now need to provide fortnightly reports of cardholders' credit habits to CIBIL or Experian, instead of the earlier monthly frequency.

Shaktikanta Das received the “A+” rating along with Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland; this is Mr Das's second consecutive time receiving a positive rating.

It will provide borrowers with a tool to identify spurious lending apps; In 2022, Google dropped 2,500 lending apps from the Play Store.

The Monetary Policy Committee had kept the policy interest rate unchanged at 6.5% in June for the eighth consecutive time, citing inflationary concerns. The RBI governor defended the decision while addressing the Bombay Chamber of Commerce.