After tax relief in Budget, RBI cuts key rate, first in five years, to spur growth
The cut in the key policy rate — the first in nearly five years — will provide relief to home, vehicle, and other consumer ...
Indian banks needs more than a rate cut to boost lending, bankers say
MUMBAI, Feb 7 (Reuters) - The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough ...
Hedge against interest rate risks: Forward trading in govt securities on the cards
Forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest ...
PhonePe exits account aggregation business, surrenders NBFC-AA licence to RBI
PhonePe, India's largest fintech firm, announced on Friday its exit from the account aggregation (AA) business, citing challenges in onboarding enough partners to meet its expectations, media reports ...
Sensex drops 200 points; why did Indian stock market fall after RBI monetary policy? Explained
The Indian stock market, including the Sensex and Nifty 50, closed with losses on February 7, despite a 25 bps rate cut by the Reserve Bank of India, marking the third consecutive session of losses.
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 ...