Tag: rbi
Rupee loan average rates fall by 6bps in August
MUMBAI: The average lending rate on fresh rupee loans across the banking system eased by 6 basis points (bps) in August over July to 8.75%,…
RBI to continue to use overnight weighted average call rate as the operating target for monetary policy
MUMBAI: The Reserve Bank of India (RBI) would continue to use the overnight weighted average call rate (WACR) as the operating target for monetary policy…
RBI launches scheme to reduce stock of unclaimed deposits by incentivising banks
The Reserve Bank on Tuesday announced a year-long incentive scheme for banks to reduce the volume of unclaimed deposits. Under the ‘Scheme for Facilitating Accelerated…
India’s external debt rises to USD 747.2 bn at Jun-end: RBI data
India’s external debt stood at USD 747.2 billion at the end of June 2025, an increase of USD 11.2 billion over its level at March-end…
India interest rate cut back in play after tariffs
The Reserve Bank of India’s interest rate decision on Wednesday will likely be a close call, with policymakers facing multiple reasons to lower borrowing costs…
RBI tweaks rules for small business loans, loans against gold
The Reserve Bank of India (RBI) tweaked rules for small business loans, allowing the spread charged for the credit risk of a borrower to be…
RBI unveils norms to enable faster transmission of rates
The Reserve Bank of India (RBI) on Monday announced a series of regulatory amendments aimed at faster transmission of policy rates, easing gold loan norms…
RBI’s MPC starts deliberations on key interest rate; decision on Wednesday
The Reserve Bank’s Monetary Policy Committee began its three-day deliberations amid expectations of status quo on the key interest rate, but some experts think that…
Shirish Murmu appointed as RBI Deputy Governor
Shirish Chandra Murmu on Monday was appointed as the deputy governor of the Reserve Bank of India, reported ET NOW. Murmu’s appointment will take effect…
RBI MPC meeting to begin today, policy rate announcement on Wednesday
The Monetary Policy Committee (MPC) of the Reserve Bank of India will begin its three-day meeting today in Mumbai to decide on the policy rates….