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RBI

Odisha-born banker is the new Chairman of Federal Bank

Priya Ranjan Swain Jun 30, 2023

Bhubaneswar: The Reserve Bank of India (RBI) has accorded approval for the appointment of Abhay Prasad Hota as the part-time Chairman of Federal Bank with effect from June 29, 2023 to January 14, 2026. Hota was serving as an Independent…

INDIA

RBI’s 25 bps rate hike to increase home loan EMI

Sambad English Bureau Feb 9, 2023

Chennai: The 25 basis points (bps) hike in the repo rate by the Reserve Bank of India (RBI) will result in an additional equated monthly instalment (EMI) of Rs 16 per lakh, said a top official of Sundaram Home Finance. The RBI on…

INDIA

SC to examine 2016 demonetisation decision; seeks detailed affidavits from Centre, RBI

Sambad English Bureau Oct 12, 2022

New Delhi: The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision and also keep the files ready in connection with Centre's letter to the RBI, the decision of the RBI…

ECONOMY

India can be the 2nd largest economy by 2031: RBI Dy Governor

Priya Ranjan Swain Aug 13, 2022

Bhubaneswar: India has the potential to become the second largest economy in the world by 2031, said Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra here today. “India can also become the largest economy of the world…

ECONOMY

Loan EMIs to rise as RBI increases repo rate by 50 bps

Sambad English Bureau Aug 5, 2022

Mumbai: The EMIs on the loan will rise as the Reserve Bank of India (RBI) on Friday hiked the repo rate by 50 basis points to 5.40 per cent to contain inflation. Several banks have already raised their borrowing rates and some will…

ECONOMY

RBI doubles housing loan limits for co-operative banks

Sambad English Bureau Jun 8, 2022

New Delhi: Taking into account the increase in prices since the housing loan limits were last revised and considering the customer needs, central bank Reserve Bank of India decided to increase the existing limits on individual housing loans…

INDIA

Monetary policy: RBI retains short-term lending rates

Sambad English Bureau Feb 10, 2022

Mumbai: The Reserve Bank of India (RBI) on Thursday retained its key short-term lending rates during the sixth and final monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give a push to…

ECONOMY

RBI Governor says reduction in taxes on fuel could ease inflationary pressure

Sambad English Bureau Dec 8, 2021

New Delhi: Reduction in Central excise as well as state VAT on petrol and diesel is expected to ease domestic inflationary pressure, RBI Governor Shaktikanta Das said on Wednesday. In a virtual address post the monetary policy meet, the…

ECONOMY

2 customer-centric initiatives of RBI launched by PM Modi

Sambad English Bureau Nov 12, 2021

New Delhi: Prime Minister Narendra Modi on Friday launched two innovative customer-centric initiatives of the RBI -- Retail Direct Scheme and the Reserve Bank-Integrated Ombudsman Scheme. Addressing the event via video conference, the…

ECONOMY

RBI keeps key rates intact, maintains accommodative stance

Sambad English Bureau Aug 6, 2021

Mumbai: To protect the nascent economic recovery, the Reserve Bank of India retained its key short-term lending rates during the third monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give…

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