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RBI Relaxes Gold Loan Rules for Small Borrowers: Details Inside

RBI Relaxes Gold Loan Rules for Small Borrowers: Details Inside

Gold Loan Rules: Following input from non-banking financial companies (NBFCs), cooperative banks, and government agencies, the Reserve Bank of India (RBI) will relax two important clauses in its proposed gold loan framework: increasing the loan-to-value (LTV) ratio and exempting small-ticket borrowers from credit appraisals, Governor Sanjay Malhotra announced on Friday. The new regulations will increase […]

Will RBI Announce a Third Consecutive Repo Rate Cut in June 2025?

Will RBI Announce a Third Consecutive Repo Rate Cut in June 2025?

RBI Repo Rate Cut: Analysts expect the Reserve Bank of India (RBI) to announce a third consecutive repo rate cut during its June 2025 policy meeting. The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, started its three-day meeting on June 4. Many financial experts believe the RBI will reduce the repo rate by […]

RBI Set to Cut Repo Rate Again: Will Your EMI Reduce?

RBI Set to Cut Repo Rate Again: Will Your EMI Reduce?

RBI Repo Rate: Following the end of a three-day policy meeting, the Reserve Bank of India’s (RBI) monetary policy committee (MPC) is anticipated to lower the repo rate on Friday. Once the banks give their customers the benefit of the rate reduction, this should further lower your home loan EMI. Notably, after almost five years, […]

RBI Imposes Heavy Penalties on Five Banks: What It Means for Account Holders

RBI Imposes Heavy Penalties on Five Banks: What It Means for Account Holders

RBI Imposes Heavy Penalties on Five Banks: The Reserve Bank of India (RBI) imposed monetary fines on five major banks for failure to adhere to directions from regulatory bodies. RBI imposed a collective fine of ₹2.52 crore on Axis Bank, ICICI Bank, Bank of Baroda, IDBI Bank, and Bank of Maharashtra. The RBI imposed the […]

Savings account limit exceeded: Know the tax implications

Savings account limit exceeded: Know the tax implications

Although digital payments have gained popularity everywhere in India, savings bank accounts have become a common way of holding money. Most individuals do not know that crossing a particular monetary threshold in their accounts can attract a check from the tax department, which can lead to hefty penalties as savings account limit exceeded. Savings account […]

BharatPe Secures RBI License for Online Payment Aggregation

BharatPe Secures RBI License for Online Payment Aggregation

The RBI has granted BharatPe Group company Resilient Payments full authorization to function as an online payment aggregator. According to a BharatPe release, the authorization would enable Resilient to support a range of payment-related services, including transactions via its own payment gateway. The Reserve Bank of India (RBI) has granted Resilient Payments Pvt Ltd, a […]

RBI Lowers Growth Forecast to 6.5% Amid Tariff Tensions

RBI Lowers Growth Forecast to 6.5% Amid Tariff Tensions

During the policy announcement on Wednesday, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized that India’s real GDP is revised downward to increase at 6.5 percent in the current fiscal year 2025–2026 from an earlier expectation of 6.7%. The Governor emphasized that the Ministry of Statistics and Programme Implementation (MOSPI) issued data showing a […]

RBI to Announce Key Monetary Policy Decision Today at 10 AM

RBI to Announce Key Monetary Policy Decision Today at 10 AM

RBI’s Monetary Policy: On Wednesday, the Monetary Policy Committee (MPC) of the Reserve Bank of India is scheduled to make its announcement regarding the policy rates. At 10:00 AM, RBI Governor Sanjay Malhotra will deliver the Monetary Policy Statement. At noon, the governor will respond to questions from the media and explain the committee’s reasoning […]

RBI to Announce Repo Rate Cut Tomorrow: What to Expect

RBI to Announce Repo Rate Cut Tomorrow: What to Expect

The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will end tomorrow. On the last day of this three-day meeting on April 9 at 10 am, RBI Governor Sanjay Malhotra will announce the decisions taken in the meeting. It is believed that RBI can cut the repo rate this […]

Poonam Gupta Appointed as RBI’s New Deputy Governor

Poonam Gupta Appointed as RBI’s New Deputy Governor

Former World Bank economist Poonam Gupta was appointed deputy governor of the Reserve Bank of India. She is going to occupy a crucial role at the central bank during a period of monetary policy easing. Poonam Gupta, a veteran economist for the World Bank and International Monetary Fund. She was named a Deputy Governor at […]

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