Some of the major decisions made by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) include extending the reach of resolving the non-performing assets (NPA) issue to other regulated entities, giving Urban Cooperative Banks (UCB) more time to meet the target for priority sector lending, and internationalising Rupay cards.

When announcing the MPC's decisions, RBI Governor Shaktikanta Das said that more countries are accepting Rupay debit and credit cards.

For Indians travelling overseas, he claimed that banks are now allowed to issue Rupay prepaid currency cards.

For Indians travelling overseas, Das predicted that the Rupay prepaid Forex cards will increase their payment alternatives.

The governor of the RBI added that foreign governments will be permitted to issue Rupay cards.

Das stated that all regulated organisations, not just banks and a small number of non-banking finance firms (NBFC), will be included in the resolution of NPAs through compromise under the Prudential Framework and technical loan write-offs.

All regulated companies, including cooperative banks, will now be subject to extensive guidelines on compromise settlements and technical write-offs that have been proposed. Additionally, it is suggested to rationalise the current prudential standards on the restructuring of borrower accounts impacted by natural disasters, stated Das.