|
|
click this icon for latest updates
India.com Business Desk October 20, 2023 12:25 PM IST
RBI Governor Shaktikanta Das said the global economy is now facing a tirade of challenges.
Abhijeet Sen October 6, 2023 5:32 PM IST
The Reserve Bank of India (RBI) has increased the gold loan limit for Urban Co-operative Banks (UCBs) that are good borrowers under the Bullet Repayment Scheme to Rs 4 lakh, from Rs 2 lakh. This move is likely to benefit both UCBs and their customers.
ANI October 6, 2023 4:14 PM IST
RBI had launched the centralised web portal 'udgm UDGAM' on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place. Given the increasing trend in the amount of unclaimed deposits, RBI said it has been undertaking public awareness campaigns from time to time to sensitise the public on the matter.
Abhijeet Sen October 6, 2023 3:41 PM IST
The RBI has extended the card-on-file tokenisation or token creation facility at the level of the issuer bank. It was earlier available only through merchant applications or websites. This means that customers can now tokenise their cards directly with their banks instead of having to do so through a merchant. This will make the tokenisation process more convenient and secure for customers.
Manmath Nayak October 6, 2023 1:10 PM IST
Real estate experts said the RBI's decision to maintain the repo rate at 6.5% during the ongoing festive season is indeed a boon for home buyers.
Manmath Nayak October 6, 2023 9:16 AM IST
RBI Monetary Policy Latest Updates: Governor Shaktikanta Das apart from announcing MPC's decision on the repo rate, reverse repo rate and other policy rates, is also likely to discuss the current domestic as well as global economic situation.
Manmath Nayak October 6, 2023 11:54 AM IST
Governor Das further added the monetary policy committee is committed to aligning India's headline inflation at 4 per cent level.
Joy Pillai October 6, 2023 10:43 AM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das in the Monetary Policy Committee meeting announcements stated that GDP growth for 2023-24 is projected at 6.5 percent.
India.com Business Desk October 6, 2023 7:22 AM IST
RBI Monetary Policy: The Central bank after three consecutive pauses raised the repo rate by a total of 250 basis points to 6.5 per cent since May 2022 to combat inflation.
India.com Business Desk August 7, 2023 5:44 PM IST
HDFC Bank raises MCLR rates by up to 15 basis points, effective August 7, 2023.
India.com Business Desk February 8, 2023 4:53 PM IST
RBI Repo Rate Hike: After the RBI hiked the repo rate, the experts said the commercial banks are now expected to respond to the same pragmatically by suitably tweaking the deposit and advances rates of interest.
India.com News Desk February 8, 2023 9:22 AM IST
Reserve Bank of India (RBI) governor Shaktikanta Das is going to announce Monetary Policy Committee's (MPC) decision on the repo rate hike at 10 AM today. Stay tuned to India.com for all the key announcements by RBI.
ANI November 25, 2022 9:53 AM IST
Reserve Bank of India's Deputy Governor also said that next week, deliberations would start for the next policy review to be announced in the first week of December.
IANS October 3, 2022 9:32 PM IST
The MPC had recently hiked the repo rate by 50 bps to 5.90 per cent.
India.com Business Desk September 30, 2022 9:05 AM IST
Since May, the RBI has hiked interest rates by 140 basis points -- 40 in May and 50 each in June and August. The present interest rate stands at 5.4 per cent.
India.com News Desk September 28, 2022 11:53 AM IST
At the interbank foreign exchange, the rupee opened at 81.90 against the greenback, then fell to 81.93, registering a fall of 40 paise over its previous closing.
PTI August 21, 2022 2:42 PM IST
"Freebies are never free... specially harmful are subsidies that distort prices," BI Monetary Policy Committee (MPC) Member Ashima Goyal said in an interview.
PTI August 5, 2022 7:12 PM IST
Reserve Bank's monetary policy committee on Friday delivered the third straight rate hike since May with an increase of 50 basis points in the latest round. Now, the repo rate is at 5.40 per cent, which is above the pre-pandemic level. The key rate was at 5.15 per cent in February 2020.
India.com Business Desk August 5, 2022 4:04 PM IST
RBI Repo Rate : For the borrowers who have taken home loans before April 2022, the interest rate is likely to increase around 8 per cent from 6.5 to 7 per cent after RBI's August Monetary Policy.
India.com News Desk August 1, 2022 11:50 AM IST
EMIs to go costlier soon: If RBI hikes the repo rate, the outcome will have a direct impact on loan borrowers since banks and Non-Banking Financial Companies (NBFCs) are anticipated to raise lending rates.
India.com News Desk July 31, 2022 5:32 PM IST
The central bank has already made a 90 basis points rate hike in the past two policies as inflation stayed over its comfort limit of 6 per cent.
ANI Feeds July 9, 2022 3:01 PM IST
Currently, the retail inflation has been over the RBI's upper tolerance band of 6 per cent for the fifth consecutive month in a row. Apart from this, domestic wholesale inflation has been in double-digits for over a year now.
India.com Business Desk June 24, 2022 12:09 PM IST
Inflation in India hit an eight-year high mark in April at 7.79 per cent. It eased a little in May but still remained outside the RBI's tolerance band of 2-6 per cent.
Raghav Aggarwal June 14, 2022 10:00 AM IST
Share Market News: Sensex and Nifty both were trading in the red, according to official data. The inflation figures released on Monday were lower than April figures, yet above RBI's upper tolerance limit.
Follow Us 