RBI Repo Rate: An important announcement regarding the repo rate has been made by the Reserve Bank of India on the last day of the Monetary Policy Committee (MPC) meeting under the bi-monthly review. Bank Governor Shaktikanta Das said that the apex bank has again kept the repo rate intact. This is the sixth time … Read more
The Monetary Policy Committee of the Reserve Bank of India has maintained the policy rate repo at 6.5 percent for the sixth consecutive time. Announcing the bi-monthly monetary policy review, RBI Governor Shaktikanta Das said that amidst uncertainty at the global level, the country’s economy is showing strength, on one hand economic growth is increasing, … Read more
Year Ender 2023: Reserve Bank of India (rbi) remained in the news throughout the year for taking steps like controlling inflation, curbing risks related to loans considered unsecured, curbing evergreening by taking new loans and taking measures to improve customer service in banks. . Next year, everyone’s eyes will be on the reduction in the … Read more
RBI on Repo Rate: reserve Bank of India (rbi) has increased the country’s economic growth rate estimate for the current financial year 2023-24 to seven percent. The central bank has increased the growth rate estimate amid strong domestic demand and increased capacity utilization in the manufacturing sector. Earlier, the central bank had projected GDP (gross … Read more
What is repo rate? Repo rate is an economic term. Simply put, it is the interest rate at which the central bank of a country lends money to commercial banks. Repo rate is a charge between a bank and RBI, which is known as Repo or Repurchase Agreement, for the banks to settle their transactions … Read more
RBI on Home & Car Loan: If you have taken car, home or any other loan, then this news is very useful for you. The Reserve Bank of India has banned banks and non-banking finance companies (NBFCs).NBFCs) has issued a new guideline on the option of increasing the borrower EMI, changing the tenure and choosing … Read more
RBI Governor Shaktikanta Das on Repo Rate: The Reserve Bank of India (RBI) has kept the key policy rate repo unchanged at 6.5 per cent in its second bi-monthly monetary review of the current financial year. Along with this, the central bank has also retained its economic growth rate forecast for the current financial year … Read more
[ad_1] Post Office Saving Schemes: If you are planning to invest in a savings scheme to get high returns, then the returns on post office savings schemes are also competing with bank fixed deposits (FDs). Generally, investing in the post office is considered very safe, but due to the reduction in the interest rate on … Read more
[ad_1] Mumbai : After increasing the interest rate six times back-to-back from May 2022 by the Reserve Bank of India (RBI), not increasing the repo rate for the seventh time, the real estate sector of the country blossomed and the faces of the businessmen of this sector brightened. The reason for this is that due … Read more
[ad_1] Mumbai : The Reserve Bank of India (RBI) has decided to launch a centralized portal to track unclaimed deposits in banks in India. There are a large number of such accounts in the country’s banks, in which no transaction has taken place for years. By February 2023, public sector banks have transferred such deposits … Read more