Aug 8, 2024:The Reserve Bank of India (RBI), on expected lines, kept its key interest rates unchanged at 6.5%. This, say real estate experts, augurs well for both homebuyers and developers, as this would ensure home loans remain steady and borrowing costs don’t move up. Rea...
In December 2023, the percentage of term deposits with interest rates higher than 7% increased from 54.7% to 61.4% of all term deposits. About ₹201 lakh crore was the total amount of deposits held by SCBs as of December 29, 2023. Of this, 88% came from TDs, with the remaining 4% ...
"The MPC unanimously decided to keep rates unchanged in this meeting with readiness to act if the situation so warrants," Das said announcing the decisions of MPC. "The MPC will not hesitate to take further action as may be required in its future meetings." RBI has raised interest rate by...
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India's newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh...
The NSE Nifty climbed 498.8 points, or 2.18 per cent, to 23,320.20 during the day and is just 18.5 points from hitting its record high level. The RBI left its key interest rates unchanged on Friday as expected, keeping the focus on inflation amid robust
feedback received from the stakeholders (banks and NGOs) and to promote financial literacy at grass root level in a sustainable manner, it has been decided to expand the reach of the CFLs at every block in the country in a phased manner by March 2024. Necessary guidelines to the stakeh...
CEBR said the global economy will face a recession in 2023 mainly due to an increase in interest rates by the central banks to prevent higher inflation. In its annual World Economic League Table, CEBR said the global economy surpassed 100 trillion Dollars for the first time in 2022. It sai...
as per rbi regulations dated august 16, 2024 existing investors in the indiap2p growth plan and indiap2p monthly income plan will receive emis (principal + interest) against loans funded into their bank accounts every month. these repayments can be re-invested anytime into the indiap2p monthly...
Further, the regulatory minimum net owned fund (NOF) for NBFC-Investment and Credit Companies, NBFC-MFI and NBFC-Factors shall be increased to ₹10 crore by March 2027 through a prescribed glide path. The extant NPA classification norm also stands changed to the over...
The RBI acts as a regulator and supervisor of the overall financial system. This injects public confidence into the national financial system, protects interest rates, and provides positive banking alternatives to the public. Finally, the RBI acts as the issuer of national currency. For India, th...