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Household savings rate plummeted to five-decade low in 2022-23: RBI

Household savings rate plummeted to five-decade low in 2022-23: RBI The household savings rate plummeted to a five-decade low in 2022-23 as people started spending after the restrictions on movement ended after the pandemic, the Reserve Bank of India said on Friday. Deputy Governor Michael Patra said the dip in net financial savings of households to 5.1 per cent of ...

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RBI doubles bullet repayment gold loan limits for urban co-op banks

RBI doubles bullet repayment gold loan limits for urban co-op banks The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the bullet repayment scheme for urban cooperative banks to Rs 4 lakh. “It has been decided to increase the existing limit for gold loans under the bullet repayment scheme from Rs 2 lakh ...

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RBI raises guardrails ahead of global index inflows, may sell bonds

RBI raises guardrails ahead of global index inflows, may sell bonds The inflows will add to the RBI’s challenge of keeping liquidity on a leash even as it may need to buy dollars to prevent a sharp appreciation in the rupee

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RBI policy hawkish, expect rate cut only in Apr-Jun 2024: Analysts

RBI policy hawkish, expect rate cut only in Apr-Jun 2024: Analysts The Reserve Bank’s status quo in policy rates and the accompanying commentary was termed as a “hawkish” pause by analysts on Friday. Many professional watchers said the fourth consecutive pause pushes their expectations of a rate cut further, with some saying it can happen only in the April-June quarter ...

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Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful

Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful [ad_1] Getting quick and easy personal loan will get difficult for more and more borrowers in coming days as RBI has cautioned banks and NBFCs against the steep rise in the personal loan disbursal. Most of the lenders have been focusing more on ...

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