Finance News

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 ...

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 ...

RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 173 billion Indian rupees ($2.09 billion) on Tuesday through the sale of bonds maturing in five years to 30 years. The Reserve Bank of India will likely set cutoff yields for the 10-year ...

NBFC loan sanctions up 2% YoY in Q4, rises in investment sector: Report NBFC-MFIs overtake commercial banks in micro loan market share in Q2 Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts Curb on securitising short-term maturity loans may hurt micro loan biz Commercial LPG cylinder prices slashed by Rs 171.50; to cost Rs 1856.50 Chola ...

Minimum assured return scheme in works; to be launched soon: PFRDA Chairman Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty on Wednesday said the regulator is working on a pension scheme which could provide minimum assured return and something in this respect would come soon. He also said that there are about 5.3 crore subscribers of ...