Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
Small businesses and retail borrowers got special focus from the regulator in this latest round of Covid relief measures. The RBI announced resolution framework 2.0 for loans with exposure of less than Rs 25 crore that have not availed restructuring under the earlier framework and was classified as standard loans at the end of March 31.