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 ...

Beware of this UPI fraud: Precautions to avoid being scammed [ad_1] Beware of this UPI fraud: Precautions to avoid being scammed [ad_2]

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 ...

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 ...