RBI Governor Shaktikanta Das warns against complacency in the fight against inflation, emphasizing the need for continued vigilance and commitment to disinflation....
Despite RBI holding the status quo on the repo rate for the sixth time in a row, 118-year-old Canara Bank hiked its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across tenures. The new interest rates of ...
Six-member MPC chaired by RBI governor Shaktikanta Das has decided to keep repo rate unchanged at 6.5% for the sixth time in a row. That being said, RBI makes no hike or cut in repo rate throughout financial year 2023-24. There ...
The Reserve Bank of India (RBI) is back in the limelight for its bi-monthly monetary policy. Six-member monetary policy committee (MPC) chaired by RBI governor Shaktikanta Das will commence its three-day last policy meeting for FY24 from February 6 to 8. ...
In a recent monetary policy review on December 8, the Reserve Bank of India (RBI) decided to keep the repo rate unchanged, leaving home loan borrowers dealing with heightened interest rates. Since October 2019, all floating rate loans issued by banks ...
India's largest public sector lender State Bank of India (SBI) on Friday (December 15) increased the marginal cost of funds-based lending rate (MCLR) on certain tenures by 5-10 basis points (bps). The latest hike in MCLR by SBI will make most ...
The Reserve has kept the policy repo rate unchanged at 6.5% for the fifth time in a row. Policy repo rate is directly linked to deposits and lending rates. Although, in the past few months despite RBI maintaining the status quo ...
On Friday, the Reserve Bank of India (RBI) opted to stick with its "withdrawal of accommodation" status and hold key rates for the fifth consecutive time. The policy repo rate under the liquidity adjustment facility (LAF) remains at 6.50%, notwithstanding this. ...
In the intricate world of finance, the repo rate plays a pivotal role in affecting the dynamics of loan tenures, especially home loans. For the uninitiated, the repo rate is the rate at which commercial banks borrow money from the Reserve ...
The Reserve Bank of India's (RBI) Monetary Policy Committee meeting (MPC) which concluded on Friday made an important announcement with respect to gold loans that can be granted under the bullet repayment scheme in a bid to incentivize Primary (Urban) Co-operative ...
Gold stocks were shining on Friday after the Reserve Bank of India (RBI) made a big announcement related to gold loans. Titan which holds dominance in the gold segment, witnessed impressive buying, while jewellers like Kalyan's share price shot up at ...
The Reserve Bank of India (RBI) has opted to keep key rates for the fourth time in a row, as was predicted. At 6.5 per cent, the repo rate is the same as it was under the liquidity adjustment facility (LAF). ...