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
The Reserve Bank of India (RBI) has given a new order for banks in India, effective September 30, 2023. The order requires all debit and credit cardholders to either convert their card details into a token or enter the complete details for every transaction. What is new payment system Tokenization is a process of replacing … Read more
Increase in transaction fees for UPI Lite, UPI Lite feature is available in all payment apps,RBI also plans to introduce new features in UPI.The Reserve Bank of India (RBI) has set a limit of Rs 200 per transaction and an aggregate limit of Rs 2,000 for small-value digital payments offline, including through the National Common … Read more