Banks can cut rates in current policy framework: RBIRemya Nair
The Repo Rate is an important tool used in the Reserve Bank of India’s (RBI) Monetary Policy. The RBI Governor leads a group called the Monetary Policy Committee (MPC), which typically includes six members. They work together to create, manage, and adjust policy rates based on the country...
The Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) met on 6th, 7th and 8th June 2023 and released itssecondbi-monthly monetary policy statement forFY24(Financial year 2023-2024). Key Points: i.The MPC has decided to keep the policy rates under the liquidity adj...
On 5 April 2024, the Monetary Policy Committee of the RBI decided to keep the repo rate unchanged. The Standing Deposit Facility rate remains at 6.25% and the Marginal Standing Facility rate and Bank Rate remain at 6.75%. For the last six consecutive MPC meetings, the RBI has kept the rep...
How Repo Rates Affect Home Loan Interest Rates ? The interest rates on floating Home Loans are linked to a bank's base rate or Marginal Cost of Funds based Lending Rate (MCLR). These rates can vary due to changes in the Reserve Bank of India's (RBI) monetary policy, economic conditions...
The Reserve Bank of India (RBI) fixed the minimum Net Owned Fund (NOF) size for housing finance companies at how much amount? A) 25 cr B) 30 cr C) 35 cr D) 50 cr View Answer Option A Explanation: The Reserve Bank of India (RBI) fixed the minimum Net Owned Fund (NOF) size ...
1. MCLR is the basic minimum rate below which banks can’t lend. 2. RBI has established MCLR in 2016 as a tool for efficient Monetary policy transmission. 3. Increase in MCLR rates will make loan less expensive for consumers. Which of the statements given above is/are correct?
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The Monetary Policy Committee (MPC) of the RBI held rates for the 10th consecutive cycle but changed its stance from 'withdrawal of accommodation' to neutral, indicating that all things reamining the same, it might consider lowering key rates in the next review Stocks turn red again on Wednesd...
8) Monetary policy committee of RBI decided to keep repo rate ___ at 6% on 6thDec, 2017. - Published on 07 Dec 17 a.Unchanged b.High c.Low d.Moderate AnswerExplanationRelated Ques 9) The third edition of the DRC-NITI Aayog Dialogue was held in ___. - Published...