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New Delhi: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row. The MPC also decided to continue with the neutral stance of monetary policy as it provides flexibility to monitor the progress and outlook on disinflation and growth and to act appropriately. The…
New Delhi: The Reserve Bank of India on Friday said that Small Finance Banks will now be allowed to extend pre-sanctioned credit lines through the UPI. “Credit line on UPI was launched in September 2023 and was made available through Scheduled Commercial Banks (SCBs). It has now been decided to permit Small Finance Banks also…
New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 11th consecutive time on Friday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. Announcing the fifth bi-monthly monetary policy for the…
New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 10th consecutive time on Thursday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. “Consequently, the standing deposit facility (SDF) rate remains…