NPS subscribers can soon opt for periodic withdrawals; check details here Deepak Mohanty, chairman of the Pension Fund Regulatory and Development Authority (PFRDA), said that subscribers to the National Pension System (NPS) are expected to get the systematic lump sum withdrawal (SLW) option by the end of this quarter. He said that NPS subscribers can use the SLW feature ...

MPC won’t cut repo rate anytime soon, not before US Fed, says experts The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not revise downwards the repo rate anytime soon and that too not ahead of the US Federal Reserve, said economists. They were reacting to RBI’s Monetary Policy Committee (MPC) to maintain status quo as ...

Opt out of pesky calls, then don’t come to us for products: Sanjiv Bajaj The individuals who do not want to receive telemarketing calls from Bajaj Finance will soon get an option to do so, but once they do it, they must “make sure” to never apply for their products, the company’s managing director Sanjiv Bajaj said, earlier this week, ...

Co-op banks to soon be able to do compromise settlements, write-off on NPAs Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated ...

RuPay forex cards to be issued soon; can be used at overseas ATMs, PoS machines, online merchants [ad_1] The Reserve Bank of India (RBI) has decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas. Additionally, RuPay Debit, Credit, and Prepaid Cards will be allowed to be ...

Repo rate unchanged at 6.5%, worst over for home loan borrowers The Reserve Bank of India on Thursday kept the key repo rate unchanged at 6.5 per cent, which means that if you have an existing home loan, a repo rate pause will not impact your Equated monthly installments ( EMI), but if you have a floating rate loan, you ...

Repo rate unchanged at 6.5%, RBI cuts FY24 inflation projection The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on Thursday, announced its decision not to raise the repo rate. While announcing the decision, RBI Governor Shaktikanta Das said that the MPC took the decision unanimously. “The MPC decided unanimously to keep the policy change unchanged ...

RBI policy 2023: A look at the existing repo rate, trends and other figures RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am

MPC decision today; RBI may keep rates unchanged The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announce the monetary policy decision on Thursday. RBI began its three-day meeting on Tuesday. This was the second bi-monthly monetary policy meeting of FY24 which began on June 6.  Headed by RBI Governor Shaktikanta Das, the six-member MPC will meet for three days. ...

Bankers await signs on RBI’s liquidity approach amid persisting disconnect By Ira Dugal and Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India’s policy review on Thursday will be closely watched for cues on its approach towards liquidity, even as policy interest rates are likely to remain unchanged, at least three bankers said. Banks in India ...