Continued low borrowing costs will keep home loans affordable, encouraging both homebuyers and investors
Read MoreThe decision of the MPC (Monetary Policy Committee) will be declared on June 7 (Friday)
Read MoreAccording to RBI, this initiative, initially introduced as a draft on January 15, 2024, has now been refined based on feedback from various stakeholders.
Read MoreThe implementation of the draft guidelines, if carried out in its current form, is anticipated to have limited impact on NBFCs excluding NBFC-IFCs as Tier 1 Capital is expected to reduce by up to 83 bps over 3 years.
Read MoreCentral bank norms allow full-fledged money changers to obtain their normal business requirements of foreign currency notes from other full-fledged money changers and authorised dealers in India
Read MoreThe guidelines suggest provisioning for project loans from the current rate of 0.4 per cent to a range of one to five per cent without mentioning a lower threshold of financing
Read MoreThe RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook
Read MoreIn India RBI's gold holdings rose to a record high of 822.1 tons by the start of April representing an 18.5 tons net acquisition since the beginning of the year.
Read MoreCustodian banks issuing IPCs must have a clause in their agreements with clients, granting the banks an inalienable right over the securities to be received as payout in any settlement.
Read MoreAtanu Chakraborty is reappointed for the same designation after Reserve Bank of India (RBI) approval for three years.
Read More