RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5% On Wednesday, the Reserve Bank of India (RBI) governor Shaktikanta Das announced a repo rate hike of 25 basis points (bps), taking the key benchmark interest rate to 6.5 per cent. The MPC’s decision was split 4-2. This is the first rate hike ...

DigiLocker FAQs: Can you make change to account details, what type of files can be uploaded, can NRIs use [ad_1] Union Finance Minister Nirmala Sitharaman announced during her Budget 2023 speech that DigiLocker, a cloud-based platform for issuance and verification of documents & certificates in a digital way, will now support additional documents and will also be utilised for storing ...

RBI to hike rates again on sticky inflation, Fed pressure, say analysts By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India is likely to raise interest rates once again in April as inflation pressures persist and the Federal Reserve continues to tighten, analysts said on Thursday, a day after the ...

These two banks revise home loan interest rates after the RBI repo rate hike [ad_1] After the Reserve Bank of India (RBI) announced a repo rate increase of 25 basis points, a number of banks have revised their benchmark lending rates, these include RBL Bank and Bank of India. As a result of the hike, loan borrowers who take up ...

Rupee falls 12 paise to 82.66 against dollar due to muted trend in equities The rupee depreciated 12 paise to 82.66 against the US dollar in early trade on Thursday, weighed down by sustained foreign fund outflows and a muted trend in domestic equities. Firm crude oil prices and a strong American currency further dented ...

BoB home loan interest rates: Bank of Baroda (BoB) increases home loan interest rates, a day after RBI’s repo rate hike [ad_1] Bank of Baroda has revised their rate of interest on home loans linked with Baroda Repo Linked Lending Rate (BRLLR)after the Reserve Bank of India (RBI) raised the repo rate by 25 basis points (bps). The new loan ...

Rupee likely to fall on hawkish Fed Reserve comments, higher oil prices By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline against the U.S. dollar on Thursday, weighed by hawkish comments from Federal Reserve officials and higher oil prices. The non-deliverable forwards indicated the rupee would open ...

Indian banking won’t be affected by individual case: Shaktikanta Das Indian banking is resilient and will not be “affected by an individual case”, said Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday, referring to lenders’ exposure to the Adani Group. Indian banks do not lend money on the basis of a company’s market ...

MeitY only wants apps not run by regulated firms removed: RBI Dy Governor The Reserve Bank of India (RBI) had not suggested banning any digital lending apps but had merely provided the government with a list of apps that RBI-regulated entities use for their lending activities, the central bank said on Wednesday. The clarification comes after the ...

Digital currency has 50,000 users, 5,000 merchants: RBI Deputy Governor The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday. “We want the process to happen, but we want the process to happen gradually and slowly. We are in no hurry to make something ...