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Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 8:12 PM IST The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies (NBFCs) cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs). A draft…
Source: Business Standard 3 min read Last Updated : Oct 09 2024 | 7:25 PM IST FTSE Russell announced that it will include India’s sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) starting September 2025. The inclusion of India’s debt in the $4.7 trillion EMGBI will take place over a six-month period….
Source: Live Mint If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Business Standard A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added (Photo: PTI) 1 min read Last Updated : Oct 09 2024 | 2:57 PM IST Realtors’ apex body Credai on Wednesday said the RBI should have cut key interest rates to…
Source: Business Standard The UPI Lite feature enables low-value transactions without requiring a UPI PIN. Photo: Shutterstock 2 min read Last Updated : Oct 09 2024 | 2:30 PM IST The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products….
Source: Business Standard RBI Governor Shaktikanta Das highlighted adverse weather conditions, ongoing geopolitical conflicts, and a rise in select commodities as the key threats to its inflation forecast.(Photo: Shutterstock) 4 min read Last Updated : Oct 09 2024 | 1:11 PM IST After the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Business Standard Reserve Bank is closely monitoring the incoming information and will take measures, Das said. (Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 11:24 AM IST In a stern message to non-banking finance companies (NBFCs) aggressively pursuing growth without sustainable business practices and robust risk management frameworks, Reserve…
Source: Business Standard Shaktikanta Das, Shaktikanta, RBI Governor 4 min read Last Updated : Oct 09 2024 | 11:25 AM IST RBI on CPI inflation, inflation forecast India: Even as the Reserve Bank of India (RBI) has changed its monetary policy stance to ‘neutral’ from ‘withdrawal of accommodation’, it remains mindful of the risks…
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