MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23 After writing to the government over its failure to contain the retail price inflation up to six per cent for three consecutive quarters, the Monetary Policy Committee (MPC) on Wednesday retained its projections for the rate of price rise at 6.7 per cent for ...

home loan emi: 10% salary hike is not sufficient to cover the impact of home loan EMI rise post RBI repo rate hikes [ad_1] While you may not complain about the economy coming out of Covid 19, however, if you are a home loan borrower you have valid reasons to be worried about the impact of the sharp rise in ...

RBI introduces single-block-and-multiple debits functionality in UPI The Reserve Bank of India (RBI) on Wednesday announced introducing a single-block-and-multiple debits functionality in Unified Payments Interface (UPI). Customers can enable a payment mandate for a merchant by earmarking funds in their bank accounts for debits whenever required. According to RBI, the functionality will make payments easier for e-commerce ...

bharat bill payment system: Tax payments to rent to school fees: Soon you can use Bharat Bill Payment System for all payments [ad_1] Shaktikanta Das, governor of the Reserve Bank of India (RBI) has announced plans to expand Bharat Bill Payment System (BBPS) for payments and collections of businesses and individuals. “The scope of BBPS is being enhanced to include ...

Over Rs 12 crore swindled from Kozhikode Corporation accounts in PNB Over Rs 12 crore have been swindled from several accounts of the Kozhikode Corporation in a Punjab National Bank here and the prime accused — a former senior manager of the bank — is still at large. The fraud came to light last month when the ...

Right time to book FD or wait longer for interest rate to cross 9%? [ad_1] Fixed deposit investors are rejoicing the sharp rise in interest rates. They can hardly believe the speed with which their fate has turned within the last 8 months and there appears to be no break in the rate hike momentum which started in May 2022. ...

RBI hikes repo rate by 35 bps to 6.25%; accommodation withdrawal continues On Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 35 basis points (bps) to 6.25 per cent. RBI governor Shaktikanta Das said that Monetary Policy Committee (MPC) voted 5-1 to raise the rates. RBI also lowered its GDP growth forecast for FY23 to ...

RBI set to raise rates today; outlook on growth, inflation in focus The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to stay above its tolerance band but markets will be looking to its outlook on growth and prices for direction. A strong ...

What is credit score? Why is it important? You might need access to a loan for various reasons. A credit card can come in handy for small purchases on credit. And if you are carrying one, it is crucial that you have a good credit score because the easy availability of personal, consumer and other types of loans, along with ...

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales Private sector lender ICICI Bank is likely to raise up to Rs 5,000 crore through the issuance of long-term bonds on Thursday, sources told Business Standard. The bonds, which are likely to have a maturity of seven years, include a base size of ...