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RBI Cuts Key Rate to 6%: Home Loans to Be Cheaper 2025-04-09 14:51:15
The Reserve Bank of India has lowered the repo rate by 25 basis points, now setting it at 6 percent. This action is expected to decrease borrowing expenses for banks, allowing them to offer loans to consumers at more affordable...
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UPI transaction limit hiked to Rs 5 lakhs says RBI 2024-08-09 07:47:11
The Reserve Bank of India (RBI) has proposed to raise the UPI payment limit for tax purposes from Rs 1 lakh to Rs 5 lakh. This increase will enable taxpayers to promptly settle higher tax obligations. UPI payments typically do...
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RBI Monetary Policy Highlights 2024-12-07 14:52:12
The Reserve Bank of India (RBI) today, December 6, announced its fifth bi-monthly monetary policy for FY2025. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, decided to maintain the policy by a majority of 4:2. The...
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RBI Cuts Interest Rates for first time in 5 Years 2025-02-07 10:06:26
In an effort to stimulate the economy, the Reserve Bank of India (RBI) has lowered its primary repo rate for the first time in almost five years. This decision, made unanimously by the RBI Monetary Policy Committee (MPC), reduces the...
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Sanjay Malhotra named as the new RBI Governor 2024-12-09 16:03:53
Sanjay Malhotra, a 1990-batch IAS officer from the Rajasthan cadre, has been appointed as the next Reserve Bank of India (RBI) Governor for a period of three years. He will take over from the current Governor, Shaktikanta Das, on December...
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RBI Governor Shaktikanta Das' term to be Extended 2024-11-23 10:04:05
The government is expected to renew Shaktikanta Das' term as Reserve Bank of India (RBI) governor for a second time, three people with direct knowledge of the matter told Reuters. This would make him the longest-serving RBI chief since the...
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May 4, Sunday
