Senior citizens and other investors, who depend on small savings schemes, have to live with lower interest rates on their investments from April 1, 2016 for the next quarter and maybe even after that. But borrowers can expect good days going forward.
Many of us think twice before handing over our cards to the waiter in a restaurant. And it is fact that we are not so happy to handover our card to someone, who swaps it at a machine located away from our line of sight. Technology now has solution for this worry too! Contactless cards… Read More »
After holding on to resounding pressure to reduce repo rates amid falling inflation rates, the Reserve Bank of India finally issued a notification announcing a cut in its repo rate by 0.25 per cent coming into effect immediately. The move comes after the premier agency kept policy rates unchanged for the fifth time in a… Read More »
There is no magic wand to remove inflation the RBI governor Raghuram Rajan had once said underlining how inflation was one of the biggest roadblocks in the growth of the Indian economy. The Reserve Bank of India kept the repo rates unchanged in the fourth bi-monthly monetary policy issued last month as the premier bank… Read More »
The Reserve Bank of India has issued new guidelines for ATM usage charges for residents living in six metropolitan cities while using ATMs of different bank located in non metro centers. If you are one of those using ATMs frequently for cash withdrawal or checking of balance or statement enquiries make sure you know the… Read More »
Just a day after RBI governor Raghuram Rajan announced an unchanged repo rate policy in its bi-monthly monetary policy review, State Bank of India has announced a cut in short term deposit rates. Announcing the rate cut in an exchange filing, State Bank of India, the country’s largest public sector bank has reduced short term… Read More »
As the Reserve Bank of India gets ready to announce its fourth bi-monthly monetary policy review on September 30th, speculation about possible rate cut has been on the rise. The opinion of various financial experts seems to suggest a likelihood of the status quo on Tuesday even as the drop of wholesale inflation in its… Read More »
The May review may see the Repo Rate hitting a three year low, as the apex organization for monetary policies, the RBI, is expected to bring it down for third time in the year The Reserve Bank of India realizes the need to support the various economic activities, so as to help them sustain in… Read More »
Amidst the challenging global environment, the onus is on the government and its policy makers, to keep India in a position that lures investors, both local and foreign. The supreme monetary authority of India, the Reserve Bank of India (RBI), has indulged in rate slashing which has begun with a reduction of 25bps in the… Read More »
The supreme monetary authority of India, seems to be shifting its focus to the revival of growth, and is taking steps in the relevant direction. It hasn’t been much time since the first cut of 0.25% in the repo rate was implemented, and the RBI is already contemplating another cut of the same proportion in… Read More »