Reserve Bank of India
RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views
Thu, Dec 05, 2019
"The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the committee said in a statement.
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Tax, policy rate cuts will spur recovery in 2020: Report
Mon, Dec 02, 2019
Several other factors like the government`s decision to infuse capital into public-sector banks and the central bank`s measures to revive non-deposit-taking financial companies should help strengthen India`s financial system, the report said.
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RBI panel calls for strong corporate governance in CICs
Thu, Nov 07, 2019
A working group set up by the Reserve Bank of India (RBI) has suggested that core investment companies (CICs) implement stronger governance practices like formation of board level committees, appointment of independent directors, and internal audits.
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PMC Bank withdrawal limit increased to this amount - What account holders should know
Wed, Oct 23, 2019
The Reserve Bank of India (RBI) has also extended some other facilities, including wedding, senior citizen's expenses, education and additional expenditures and the bank customers will be able to withdraw extra Rs 50,000. The RBI will get the investigation report of PMC scam by end of this week.
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PMC bank account holder? ALERT! Withdraw Rs 40,000 if you have this amount in deposits
Wed, Oct 16, 2019
PMC Bank account holders who have little above Rs 1 lakh deposits should immediately withdraw Rs 40,000 — the withdrawal limit is given by the Reserve Bank of India to the PMC Bank customers.
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RBI raises lending limit of micro-finance institutions
Fri, Oct 04, 2019
It also proposed to increased the household income limit for borrowers of NBFC-MFIs from the current level of Rs 1 lakh for rural areas and Rs 1.60 lakh for urban or semi urban areas to Rs 1.25 lakh and Rs 2 lakh, respectively.
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AUTO LOAN ALERT! RBI cuts interest rates by 0.25 pct, check new EMIs here
Fri, Oct 04, 2019
The Reserve Bank of India (RBI) has announced a rate cut of 0.25 per cent in its bi-monthly Monetary Policy Statement for 2019-20 on Friday. The latest repo rate now stands at 5.15 per cent as against 5.40 per cent earlier.
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