Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Bank of India (RBI) Deputy Governor SC Murmu on Friday addressed lingering concerns over Merchant Discount Rate (MDR) costs and the potential impact of fee recovery on digital payment adoption.
Answering questions from media and market participants, Murmu dismissed fears that evolving MDR structures would derail India's digital momentum, while delivering decisive clarity on high cash circulation, central bank regulatory speed, fintech safety, and corporate board accountability in an increasingly automated landscape.
