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its first rate increase in nearly four years and, therefore, “it is now necessary to evaluate the cumulative effect of rate hikes”. Early signs of a slowdown were visible in bank credit growth which decelerated to 15.7% year-on-year as of March 10, 2023, easing from a ...
Kept the policy repo rate under LAF remained unchanged at 6.5% while the reverse repo rate remains at 6.25% and marginal standing facility rate and bank rate remained at 6.75%. RBI also decided to continue with stance of calibrated tightening with an objective of achieving the medium-term targe...
The Reserve Bank of India (RBI) on September 30, 2022, increased therepo rateby 50 basis points to bring it at 5.90%. This is the fourth time the central bank has increased the repo rate since may 2022 to achieve the twin targets of keeping a stubbornly high inflation in check...
Team Marksmen in association with India Today and Business Standard has conducted the award. NTPC Limited: It is India’s largest power generation company. It is under the ownership of the Ministry of Power. It was founded in 1975. Gurdeep Singh is its Chairman and MD. ...
Subbarao, Governor of Reserve Bank of India on reduction in repo rate and Adi Godrej, President and Chairman of Godrej Group on rate cuts in the near future.EBSCO_bspBusiness Today
Today, the Reserve Bank released the June 2023 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement June 8, 2023, seven speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Weather Events and their Impact on Growth and...
The Central Bank found that there were material supervisory concerns in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR). Further, the Interest Spread charged over their cost of funds was excessive and did not adhere to the regulations in themicrofinanc...
Today, the Reserve Bank of India, leveraging its authority under section 35A of the Banking Regulation Act, 1949, has mandated Paytm Payments Bank Ltd to cease onboarding new customers immediately. Additionally, the bank is instructed to engage an IT audit firm for a thorough System Audit of ...
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