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RBI remains observant but delivers merry policy heading into the New Year

The MPCs growth-inflation forecasts put forth a merry growth story for India. Indias GDP is seen to clock a 7.0% growth, 0.5% higher than October forecasts. This upward revision comes in the backdrop of improved growth prospects that the MPC sees persisting through the next one-year ....

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UPI payment limits hiked to Rs 5 lakh for these transactions: RBI

The Reserve Bank of India (RBI) has increased the transaction limit for Unified Payments Interface (UPI) payments to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction. ....

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Gold loan limit hiked to Rs 4 lakh under bullet repayments for these banks: RBI makes gold loans more flexible

Gold loan borrowers can avail gold loans of up to Rs 4 lakh under bullet repayment option from certain urban co-operative banks, says RBI Governor Shaktikanta Das while announcing the decisions of the RBI Monetary Policy Committee on October 6, 2023. This move aims to make gold loans more flexible to certain borrowers who prefer bullet payment option to repay the loan. In the bullet repayment option, borrowers need to pay the entire principal and interest amount at the end of the loan tenure. ....

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RBI Policy: Reserve Bank of India Keeps Key Lending Rate Unchanged At 6.5% For 4th Consecutive Time, Says Governor Shaktikanta Das

The Reserve Bank of India (RBI) today decided to keep its key lending rate unchanged at 6.5% for the fourth consecutive time. ....

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RBI maintains status quo, keeps repo rate constant at 6.5%

This is the fourth time RBI has kept the repo rate unchanged. | Latest News India ....

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