UPI Transactions to Remain Free, Modi Govt Clears
The Ministry of Finance has clarified that the government is not considering any charges on UPI services. The concerns of the UPI (Unified Payment Interface)...
Tag : RBI
License of Deccan Urban Co-Operative Bank Nullified, Says RBI
Co-operative Banks do not have adequate capital and earning prospects, the Central Bank (RBI) claims. On Thursday, the Reserve Bank of India announced that the...
RBI Faces Core Challenge of Keeping Inflation Below 6%
Food has been the most significant determinant of the trajectory of retail inflation in India as it accounts for a sizable share of the consumer...
HDFC Hikes Benchmark Lending Rate, RPLR By 25Bps from August 9
Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, raised its benchmark lending rate by 25 basis points, effective August 9, 2022, the company...
HDFC Bank Hikes Rates by 5-10 Bps Across Loan Tenures
HDFC Bank has increased lending rates by 5-10 basis points over the life of the loan. The central bank raised its key interest rate by...
RBI Retains Retail Inflation Forecast at 6.7% for FY23, Hikes Repo Rate by 50 bps to 5.40%
In its bi-monthly meeting, the Monetary Policy Committee of the Reserve Bank of India (RBI) increased the policy Repo Rate by 50 (BP) basis points...
Sensex Up 200 Points, Nifty50 Tops 17,400 Ahead of RBI Policy Announcement
The Indian equity benchmark opened in the green on the last trading day of the trading week ahead of the Reserve Bank of India’s key...
Nifty50 Falls, 10% Led By 17,500-Point Gain in Financials, IT and Metals Stocks
India’s stock market benchmark opened higher on Thursday, boosted by strength in financial, IT and metals stocks, but the upside was limited by weakness in...
Rupee Gains 23 Paise on FPI Inflows, Shares Up 1% On Buying Momentum
The benchmark stock index rose about 1% on Monday, helped by heavy buying across sectors, in line with global cues. Positive FPI flow is 18...
Bank Credit to Micro, Small Enterprises Jumps 23% in June: RBI Data
Credit and Finance for MSMEs: Overall bank credit deployed to the entire MSME sector in June was Rs 17.93 lakh crore, marginally up from Rs...