The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 6.5 percent. On Thursday, RBI Governor Shaktikanta Das announced the decisions of the Monetary Policy Committee (MPC),…
Tag: RBI
RBI kept the repo rate steady at 6.5 percent for the eighth consecutive time
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5 percent. On Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das announced the decisions of the Monetary Policy…
RBI refuses to charge extra interest on loans from banks
The Reserve Bank of India (RBI) has prohibited banks and NBFCs from charging additional interest on loans to customers. Banks and NBFCs have been directed by the Reserve Bank of India (RBI)…
RBI issues new rules for self-regulatory organizations of banks, NBFCs
The Reserve Bank of India (RBI) on Thursday issued new rules for its regulated entities like banks, NBFCs and housing finance companies to recognize their Self Regulatory Organizations (SROs). This SRO framework…
RBI imposed fine on Power Finance Corporation for violation of rules
The Reserve Bank of India (RBI) imposed a fine of Rs 8.80 lakh on Power Finance Corporation Ltd for violation of norms related to liquidity risk management framework for non-banking financial companies…
RBI imposed ban on Paytm, shares fell by 20 percent
Paytm Payments Bank has been banned by the Reserve Bank of India (RBI), after which Paytm shares have seen a fall of 20 percent. Paytm is trading at Rs 608.80 with a…
RBI releases Rs 5,000 crore to ease liquidity for primary dealers
To simplify and facilitate liquidity for primary dealers, the Reserve Bank of India (RBI) has decided to provide an additional amount of Rs 5,000 crore. According to an RBI statement, this amount…
RBI did not make any change in repo rate, kept it at 6.5 percent
Chennai, December 8: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has not made any change in the repo rate and kept it constant at 6.5 percent. Economists…