The Reserve Bank of India on Friday decided to keep policy rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation.
After RBI in 2021 rolled out ‘RBI Retail Direct’ scheme to trade in government securities, G-Secs’ popularity spiked significantly. G-Secs is a tradeable instrument issued by the Government of India, or the state governments, which acknowledges government s debt obligation
Promotion of savings is the first step to amassing the much-desired wealth. You cannot invest unless you start saving enough. Saving is a prerequisite to investing, a habit synonymous with being thrifty and living an inexpensive life.
RBI floating bond was only available at any branches of SBI, Nationalised banks, private sector banks specified by the RBI and any other entity as authorised by the Reserve bank of India, as per the guidelines on floating rate bonds released by the government in June 2020.