Reserve Bank’s announced for interest rate The Reserve Bank of India Governor Shaktikanta Das, headed by RBI, has raised interest rates on loans to banks by 6.50 per cent and the interest rate on loans from banks to 6.25 per cent. At this meeting the repo interest rate and reverse repo interest rate was reduced…
RBI new governor appointed The new governor of the Reserve Bank has been appointed today.In earlier the governor of the Reserve Bank, Urjitpatel, resigned as the current position and said that he was resigning for personal reasons. It was reported that Vishwanathan, the new deputy governor of the Reserve Bank, could be…
Just a day after PM Modi’s New Year’s Eve speech, the country’s largest lender State Bank of India and other banks have cut down their home loan lending rates. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) by 0.9 percent from 8.90 percent to 8 percent for…
All Government exemptions provided for the use of old Rs 500 notes for utility payments will come to an end at the midnight of Thursday (December 15), not December 14, as a section of media claimed, the Finance Ministry said on Wednesday. “Exemptions for the use of old Rs 500 notes will end on 15 December…