Reserve Bank announces guidelines on climate risk, sustainable finance Based on analysis of feedback received on a July 2022 discussion paper on Climate Risk and Sustainable Finance, the Reserve Bank of India (RBI) on Wednesday issued certain guidelines to regulated entities. The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks ...

RBI to frame guidelines on penal charges for default in loan servicing The Reserve Bank of India (RBI) on Wednesday said that any penalty for delay or default in servicing of the loan by the borrower should be met with penal charges in a reasonable and transparent manner but not with penal interest rate, which more often than ...

RBI rate hike on expected lines; policy focuses inflation: Bankers The Reserve Bank’s decision to hike repo rate by 25 basis points was on expected lines but the policy focuses more on inflation despite the recent moderation in the number, bankers said on Wednesday. “Repo hike of 25 basis points is on the expected lines. ...

Analysts expect RBI to hike repo rate 25 bps again in April policy Analysts are of the view that after delivering the seventh hawkish policy on Wednesday the central bank may pause after delivering a likely 25 basis points increase in the April review. For Abheek Barua, the chief economist at HDFC Bank, the 25 ...

Long Term FD Interest Rate: RBI repo rate hike: Long term FD interest rates are yet to peak; should you invest now? [ad_1] RBI in its first monetary policy meet of the year 2023, has hiked the repo rate by 25 basis points which is the lowest repo rate hike since May 2022, when the current series of repo rate ...

Indian households’ inflation expectations moderated by 20 basis points: RBI MUMBAI (Reuters) – Indian household’s inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of India’s latest round of internal surveys conducted in January showed. India’s annual retail inflation rate ...

coin vending machines: QR code-based coin vending machines to be launched; what is it and how will it work [ad_1] Shaktikanta Das, in the latest Reserve Bank of India (RBI) MPC meeting, announced that QR code-based coin vending machines in 12 cities soon. This will enhance the ease of access to coins, and distribution of coins using machines, said the ...

RBI Governor Shaktikanta Das continues to bat for policy rate hikes In line with expectations, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday increased the policy repurchase or repo rate by 25 basis points (bps) to a four-year high of 6.5 per cent. The committee retained its stance ...

RBI Loan Penal Charges Review: RBI to review arbitrary penal charges on loans; to release draft guidelines soon [ad_1] The Reserve Bank of India (RBI) today announced that it will issue draft guidelines for transparency in the penal charges or penal interest charged on loans. Currently, the penal amount levied varies within banks and also among NBFCs.The penal charges levied ...

Moderation of pace of rate hikes gives RBI room to assess impact: Das The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday raised the repo rate by 25 basis points to 6.50 per cent in order to bring inflation back towards the central bank’s 4 per cent target. The RBI management, including Governor Shaktikanta Das ...