Repo Rate: We’ve lowered size of policy rate change, RBI’s Das and Patra tell media After the monetary policy committee (MPC) raised the repo rate by 35 basis points to 6.25 per cent, the Reserve Bank of India (RBI) management, including Governor Shaktikanta Das and Deputy Governor Michael Patra, spoke to the media on various issues. Edited Excerpts: ...

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Digital currency like cash, no need for lack of privacy fears: RBI Guv The Reserve Bank of India (RBI) has decided to enhance the mandates of United Payment Interface (UPI), expand the scope of Bharat Bill Payment System (BBPS) and ensure privacy of people in the case of digital currency transactions, said Governor Shaktikanta Das on Wednesday. ...

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RBI Monetary Policy: MPC hikes repo rate by 35 basis points, know what experts have to say The Reserve Bank of India (RBI) hiked the repo rate by 35 basis points (bps) to 6.25 per cent on Wednesday. RBI governor Shaktikanta Das said that the Monetary Policy Committee (MPC) voted 5-1 to raise the rates. RBI lowered its GDP ...

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RBI extends dispensation on HTM bond books till March 2024 The Reserve Bank of India (RBI) said on Wednesday it has extended the dispensation of an enhanced limit of the held-to-maturity (HTM) portfolio for government bonds till March 31 next year, enabling banks to better manage their investment portfolios. It permitted banks to include securities purchased between ...

Suryoday Small Finance Bank FD Rates: Senior citizens can earn up to 9.59% interest rate on this bank’s FD [ad_1] Suryoday Small Finance Bank has revised the interest rates on fixed deposits of under Rs 2 crore. The new rates are applicable from December 6, 2022, according to the bank’s official website. Following the change, the bank has increased its ...

RBI Monetary Policy: How central bank’s stance on GDP, inflation changed in 2022 The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday continued with the repo rate hike, raising it 35 basis points (bps) to 6.25 per cent. In 2022, the repo rate was raised 225 bps from 4 per cent in April to 6.25 per ...

SBI vs HDFC Bank vs ICICI Bank vs PNB: Bank offering best interest rates for short-term FDs [ad_1] With banks increasing fixed deposit interest rates in tandem with the Reserve Bank of India’s repo rate hike, FD investors are in a good place after decade long low interest rates.According to experts, it is preferable to buy short-term fixed-rate deposits in ...