RBI cuts repo rate by 25 bps to 6.25% after 5 yrs

RBI cuts lending rate, first in 5 yrs
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) cut the repo rate, the rate at which the RBI lends to other banks by 25 basis points to 6.25 per cent. This is the first rate cut initiated by the RBI since 2020 amid growing concerns about economic growth losing momentum. Currently the repo rate is 6.5 per cent.
India's central bank cuts repo rate for first time in nearly 5 years
The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.
RBI cuts repo rate by 25 bps to 6.25% after 5 yrs; industry welcomes move
The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
RBI cuts interest rates for 1st time in 5 years; loan EMI to come down
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy.
RBI cuts repo rate by 25 basis points to 6.25%, first time in 5 years
On Friday, the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) reduced the repo rate, the rate at which the RBI lends to commercial banks by 25 basis points, bringing it down to 6.
MPC Meeting Today, Experts Predict Central Bank Likely To Slash Repo Rate
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts anticipate that the central ba
Reserve Bank of India Invites Applications For Vacant Posts. Details
The RBI is looking to hire people for engagement of Medical Consultant on contract basis with fixed hourly remuneration at ...
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Bank holiday on January 6: Are banks closed on Monday? Details here
Banks in Chandigarh will remain closed on Monday, January 6, on the occasion of Sri Guru Gobind Singh’s Birthday. According to the Reserve Bank of India (RBI), banks will remain closed for ...
Complaints against banks, NBFCs jump a third in FY24: RBI
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Reserve Bank of India ombudsman resolves 95% of complaints in FY24
The Reserve Bank of India (RBI) resolved 95 per cent of complaints received under the Reserve Bank-Integrated Ombudsman ...
RBI Ombudsman scheme sees 32.81% surge in bank customer complaints to 9.34 lakh
The Reserve Bank’s Integrated Ombudsman Scheme saw a staggering 32.81 per cent surge in complaints from banking customers, ...
Over 85 lakh farmers from Punjab, Haryana, Himachal Pradesh, and Chandigarh owe Rs 2.20 lakh crore debt
Over 85 lakh farmers from Punjab, Haryana, Himachal Pradesh, and Chandigarh have outstanding loans totaling Rs 2.20 lakh ...