RBI cuts lending rate, first in 5 yrs
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) cut the repo rate, the rate at which the RBI lends to other banks by 25 basis points to 6.25 per cent. This is the first rate cut initiated by the RBI since 2020 amid growing concerns about economic growth losing momentum. Currently the repo rate is 6.5 per cent.
India Cuts Interest Rates For First Time Since 2020
The Reserve Bank of India reduced its key interest rates for the first time in nearly five years as the newly appointed governor
India cuts rates for first time in nearly 5 years to boost growth as inflation eases
The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.
RBI’s 25bps rate cut good, but is it enough to boost housing demand?
Realtors’ apex body CREDAI on Friday said the RBIs decision to cut benchmark lending rate by 25 basis points might have limited direct impact and sought further reduction in the next monetary policy meet for stronger impetus to housing demand.
New RBI Governor Delivers India’s First Rate Cut Since 2020
India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.
India's central bank cuts repo rate for first time in nearly 5 years
The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
India cuts rates for first time in nearly 5 years to combat slowing growth
New central bank governor Sanjay Malhotra loosens monetary policy despite high inflation hitting consumer spending
RBI Slashes Rates After 5 Years — Good News For Borrowers, But RBI Governor Has A Warning For India's Economy
In a pivotal move to bolster India's economic growth, the Reserve Bank of India (RBI) has slashed the repo rate for the first time in nearly five years, with Governor Sanjay Malhotra cautioning against global financial turbulence.
Amid RBI rate cut cheers, did you miss RBI's alert that could threaten India’s economy?
The Reserve Bank of India (RBI) has cut interest rates for the first time in nearly five years, reducing the repo rate to 6.25% to support economic growth. However, Governor Sanjay Malhotra warned of global risks that could impact India's financial stability.
Reserve Bank of India Invites Applications For Vacant Posts. Details
The RBI is looking to hire people for engagement of Medical Consultant on contract basis with fixed hourly remuneration at ...
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Bank holiday on January 6: Are banks closed on Monday? Details here
Banks in Chandigarh will remain closed on Monday, January 6, on the occasion of Sri Guru Gobind Singh’s Birthday. According to the Reserve Bank of India (RBI), banks will remain closed for ...
Complaints against banks, NBFCs jump a third in FY24: RBI
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Reserve Bank of India ombudsman resolves 95% of complaints in FY24
The Reserve Bank of India (RBI) resolved 95 per cent of complaints received under the Reserve Bank-Integrated Ombudsman ...