New Delhi: The Reserve Bank of India has simplified the KYC process for banks to collect information about their customers. For this, it has made some amendments to the KYC rules. Following this, the process of opening a bank account has become even easier. What are the advantages of KYC in banking These changes have … Read more
The Reserve Bank has cut the repo rate again, and with US President Trump’s reciprocal tax hike coming into effect from yesterday, the Reserve Bank has lowered the country’s economic growth forecast for the current fiscal year from 6.70 percent to 6.50 percent. What is the benefit of a repo rate cut At the end … Read more
New Delhi, Apr. 8- Credit card loan outstandings have increased by 28 percent to Rs 6,742 crore in the last year, the Reserve Bank of India (RBI) said. what happens if you don’t pay your credit card loan Credit card usage has increased in the last three years due to increased consumer spending and use … Read more
New Delhi: RBI When individuals, small and micro enterprises try to repay their loans early, banks impose penalties. The Reserve Bank of India has urged banks to allow early repayment of loans without any penalty. The Reserve Bank has also released a draft regulation in this regard. What is the new RBI rule for loans? … Read more
Mumbai, Feb 8: The Reserve Bank of India (RBI) has announced a much-awaited repo rate cut for the past five years. The short-term lending rate of banks has been reduced by 0.25 percent to 6.25 percent. Its results were released yesterday. What is the expectation of RBI rate cut India This means that banks are … Read more
What is the status of the Indian stock market, Indian stock indices opened higher on the third trading day of the week yesterday, as foreign investors bought stocks after 23 trading days. RBI meeting issues precautionary measures However, investors remained cautious amid concerns over the trade war and the Reserve Bank of India’s monetary policy … Read more
Talks with Reserve Bank to reduce cash reserve ratio, Dinesh Kara, Chairman of SBI Bank, said that they are in talks with the Reserve Bank of India to reduce the cash reserve ratio for green deposits. The cash reserve ratio is the minimum security amount that every bank has to pay with the RBI against … Read more
What decisions were taken in yesterday’s meeting at the Reserve Bank, let’s see in detail, The Monetary Policy Committee of the Reserve Bank of India, for the fifth time in a row, did not make any change in the ‘repo’ interest’ rate for short-term loans to banks. The Reserve Bank of India’s Monetary Policy Committee … Read more
CIBIL score is the most important requirement for getting a loan. It is customary for banks or other financial institutions to check a customer’s CIBL score when applying for a loan. Cibil score new rules india Through this the credit history information of the customer will be obtained by the companies. In this case, when … Read more
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting chaired by Shaktikanta Das on October 4-6, 2023, decided to keep the repo rate unchanged at 6.5%. This is the third time in a row that the MPC has kept rates unchanged. what is the rbi meeting october 2023 The policy meeting chaired by … Read more