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...
After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept benchmark rate unchanged as global banking woes added uncertainty to the economic outlook.Published on: 06 Apr 2023, 5:17 am Mumbai | After raising interest...
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 current NSC rates have been set at 7.70% in April 2023 (detailshere). Adding the +35 basis points spread, we get8.05%,which will be the interest rate on RBI Floating Rate Savings Bonds. So that is how RBI Floating interest is calculated. The interest rates of these bonds are reset...
First, the capital adequacy ratios for most banks are comfortable – the RBI’s Financial Stability Report for December 2023 states that the CAR for all scheduled commercial banks was at 16.8% as of Sept., 2023, though lower than the number as on March 23. However, risk weights were recent...
“As today’s CPI inflation print fell within the tolerance band and the tracker indicates that we are drifting closer to the 4 percent target by March 2025, we expect the RBI MPC to cut the policy repo rate by 25 basis points on February 7”, Aastha Gud...
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...
The central bank has since lowered its projection for GDP growth for fiscal year 2025 ending in March to 6.6% from 7.2% in its recent monetary policy meeting. The incoming governor said little on India's growth-versus-inflation debate in his first public address. However, he underscored the ...
Therupeeweakened to its all-time low on Wednesday, pressured by expectations that the Reserve Bank of India will cut interest rates later this week, while dollar demand from importers also weighed. The rupee fell to 87.35 against the U.S. dollar, eclipsing its previous lifetime low of...
Housing loan facility–RBI provides housing loans up to Rs.30 lakhs at nominal interest rates to its employees. Medical benefits–RBI provides medical coverage for employee and their family members. This offers huge relief for employees during medical emergencies. Most of the facilities are either ...