Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Wed, Sep 27, 2023
"The RBI will likely reduce their net domestic assets by selling bonds to balance that. Otherwise, you are raising money supply and risking inflation."
Sat, Sep 23, 2023
The Reserve Bank of India has issued guidelines for wilful defaulters across financial institutions.
Wed, Sep 20, 2023
Household financial borrowings in FY23 surged to 5.8 per cent of GDP, the second-highest in the post-independence period, it was 6.7 per cent of GDP in FY07, Motilal Oswal Financial Services said in a report.
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
Wed, Sep 13, 2023
RBI issues rules for returning property documents, papers will have to be returned within 30 days of full loan payment
Fri, Sep 08, 2023
RBI review on I-CRR: The measure was intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2000 notes to the banking system.
Thu, Aug 31, 2023
RBI data reveals that most credit card issuers saw an increase in spends during July.
Wed, Aug 30, 2023
Inflation: How effective will the government's steps against inflation prove to be and what needs to be done to deal with inflation? See in this special report
Mon, Aug 28, 2023
There will be a meeting between the RBI and the Ministry of Consumer Affairs tomorrow to control inflation.
Thu, Aug 24, 2023
The Reserve Bank enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available.
Sat, Aug 19, 2023
In the light of the RBI’s August 2023 bulletin, let's take a look at what the terms inflation and stagflation mean and what the central bank’s statement implies about the future of the Indian economy.
Fri, Aug 18, 2023
The newly launched Public Tech Credit platform will help in seamless disbursal of non-collateral based loans for Micro, Small and Medium Enterprises (MSMEs), Kisan Credit Card loans up to Rs 1.6 lakh, dairy loans, personal loans, and home loans.
Fri, Aug 11, 2023
RBI's supervisory reviews have uncovered instances where the tenor of floating rate loans has been extended by lenders without the proper consent or communication to borrowers. To rectify this, the central bank is implementing a comprehensive conduct framework for Regulated Entities (REs).
With the RBI maintaining the status quo on repo rate, borrowers need to understand how their repayment plans can be affected. The interest rates are unlikely to be impacted as the RBI has kept the repo rate unchanged. So, your home loan EMI may not go up soon.
Thu, Aug 10, 2023
Reserve Bank Deputy Governor Swaminathan J on Thursday asked banks to double down on recovery efforts to limit the losses from the write-off of loans, saying it will help them post higher profits.
Tue, Aug 08, 2023
According to the latest Reserve Bank of India guidelines, banks can charge a maximum of Rs 21 on each withdrawal beyond the number of free transactions. Most banks offer 5 free transactions to customers each month.
Thu, Jul 20, 2023
The credit card portability facility will be effective from October 1, 2023. With customers now having the freedom to choose their card network, each network will likely strive to deliver superior services and enticing perks to retain and attract cardholders. This competition could, in turn, lead to enhanced customer benefits, lower costs, and an overall improved customer experience.
Fri, Jul 14, 2023
India's foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday.
Thu, Jul 06, 2023
RBI draft circular on cards: The RBI wants the payment system to be cheap and without any company dominance. Further, it aims to ease transactions between merchants and card issuers.
Thu, Jun 22, 2023
It was for the second time in a row that the Monetary Policy Committee (MPC) headed by the Governor kept the short-term lending rate (repo) unchanged after continuously raising it since May 2022.
Wed, Jun 21, 2023
Deputy Governor MD Patra will now look after the departments of Co-ordiantion and Secretary's Department. Deputy governor T Rabi Sankar has been assigned the responsibility of Central Security Cell, and Human Resource Management. Consumer Education and Protection Department, Department of Supervision, Financial Inclusion and Development Department will now be the responsibility of M Rajeshwar Rao.
Thu, Jun 08, 2023
The Reserve Bank of India (RBI) may cut the policy rate in the fourth quarter of this year. Oxford Economics has estimated this. The global forecasting company has said that there are many factors due to which the central bank can make its stance more liberal.
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