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 ...

RBI to permit lending, borrowing of gilts; broaden scope for insurers The Reserve Bank of India (RBI) said on Wednesday that it proposed to permit lending and borrowing of government securities, a move that will augment the existing market for special repo transactions. “The system is expected to facilitate wider participation in the securities lending ...

Bond yields harden as Reserve Bank shows no sign of policy turn Traders of government bonds were not surprised when the Reserve Bank of India (RBI) announced a sixth consecutive increase in the repo rate on Wednesday. What did dampen the market’s spirits, however, was the lack of a concrete sign from the central bank that it ...

Fake notes in coin vending machines led to UPI-based alternative: RBI Getting fake currency notes in coin vending machines led the Reserve Bank to announce the unified payment system-based alternative, Deputy Governor T Rabi Sankar said on Wednesday. Sankar said the RBI had installed coin vending machines at strategic places like vegetable markets where there ...