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RBI cuts rapo rate by 25 bps to 6.25%! 2016-10-04 10:29:02
The Reserve Bank of India Governor Urjit Patel cut interest rates by a quarter point and all six of the monetary policy committee unanimously voted in favor of the rate cut. This is the first instance where a monetary policy...
Keywords: RBI Governor Urjit Patel, RBI Governor Urjit Patel, RBI, RBI Governor Urjit Patel
Read MoreRBI kept repo rates unchanged! 2016-12-07 11:50:37
The Reserve Bank of India has announced that the repo rate will remain unchanged at 6.25 percent. The reverse repo rate under the LAF remains unchanged consequently at 5.75 percent, and the marginal standing facility (MSF) rate and the Bank...
Keywords: RBI, Urjit Patel, Urjit Patel, Urjit Patel
Read MoreRBI reduces reverse repo rate to 3.75% 2020-04-17 06:25:08
In the press briefing that happened at 10 in the morning, RBI Governor, Shaktikanta Das revealed some of the quintessential measures that RBI is taking in helping people battle this Covid-19 outbreak. Out of them all, the one that stood...
Keywords: rbi governor, covid-19, Shaktikanta das, coronavirus
Read MoreState Bank of India slashes minimum lending by 0.4% 2015-09-29 12:45:41
As soon as the Reserve Bank reduced in repo rate, State Bank of India (SBI), the country’s largest lender, has cut minimum lending or base rate by 0.4% to 9.3% with effect from 5 October 2015. This has set a...
Keywords: SBI, SBI, Andhra Bank, home loans
Read MoreIndia overtakes UK as world's sixth largest economy! 2016-12-21 08:02:35
For the first time in over 100 years, India's economy has overtaken the Britain's economy and became the world's sixth largest economy by GDP after the America, China, Japan, Germany, and France. The milestone is a symbol of India's rapid...
Keywords: India overtakes UK, India overtakes UK, India economy, world's sixth largest economy
Read MoreRBI joins in to fight Coronavirus in India; 3 months EMI exempts 2020-03-27 07:15:14
Just a day following the announcement of the INR 1.7 lakh crore relief package by the Finance Minister, Nirmala Sitharaman, the Reserve Bank of India (RBI) stepped in to do their part in fighting this coronavirus pandemic in India. There...
Keywords: relief package, coronavirus, relief package, coronavirus
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