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 ...

India's forex reserves declines by $3.79 billion to $586.91 billion In the previous reporting week, the overall reserves had declined by USD 2.335 billion to USD 590.702 billion as of September 22

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 ...

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

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 ...

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 ...

rbi: RBI urges caution on rising personal loans, tells Banks & NBFCs to look for signs of nascent stress – The Economic Times Video [ad_1] rbi: RBI urges caution on rising personal loans, tells Banks & NBFCs to look for signs of nascent stress – The Economic Times Video | ET Now ET Online | 06 Oct 2023, 03:22 PM ...

rbi: RBI hikes UCBs Gold Loan limit for bullet repayments, announces new card tokenisation channel – The Economic Times Video [ad_1] rbi: RBI hikes UCBs Gold Loan limit for bullet repayments, announces new card tokenisation channel – The Economic Times Video | ET Now ET Online | 06 Oct 2023, 12:08 PM IST The Reserve Bank of India (RBI) has ...

Unchanged repo rate is a festive bonanza for home and car buyers The Reserve Bank of India kept the repo rate unchanged at 6.5 per cent for the fourth time in a row on Friday, implying stable home loan interest rates for borrowers.

home loan interest rates: High EMIs for home loan borrowers to continue as RBI holds repo rate; no respite from high home loan interest rates [ad_1] Home loan borrowers, who were hoping to get some reprieve from high interest rate, are in for another disappointment. The Reserve Bank of India (RBI) has yet again decided to hold the repo rate, ...