Latest News, Updates & Breaking Headlines
Sovereign Gold Bond investors are in for hefty gains as the Reserve Bank of India (RBI) has fixed the premature redemption price for the 2020-21 Series-I at Rs 12,198 per gram, marking a 166% rise from the original issue price of Rs 4,589.The redemption option opens five years after issue, on an interest payment date,…
MUMBAI: The Reserve Bank of India (RBI) has set about easing lending norms while tightening its financial oversight. Its latest rules promise cheaper and more flexible loans for borrowers, wider access to credit against gold, and easier capital-raising avenues for banks. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting—measures…
MUMBAI: RBI is expected to keep policy rates unchanged in its three-day monetary policy committee meet that starts on Monday. Most economists cite resilient growth, benign inflation and external uncertainties as reasons for a pause, even as the tone of RBI’s guidance is likely to be more dovish than the action itself. Some economists, however,…
