May 29, 2024
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RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge

On 16th November, the Reserve Bank of India (RBI) implemented stricter regulations on personal loans and credit cards, increasing the risk of a slowdown in loan growth. These new rules, involving higher capital requirements, are expected to raise the cost of such loans, potentially restricting the growth in these sectors that has surpassed the overall […]Continue Reading
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RBI Proposes To Launch Code-Based Coin Vending Machine In 12 Cities

Shaktikanta Das, the governor of the Reserve Bank of India, announced on Wednesday that the institution would begin a pilot programme for QR code-based coin vending machines (QCVM) in 12 cities across the nation. Instead of physically presenting banknotes, these vending machines will issue coins in exchange for a debit to the customer’s account utilising […]Continue Reading
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RBI Hikes Key Lending Rate To 3-Year-High Of 5.9%, Fourth Increase In A Row

The Reserve Bank of India increased its benchmark lending rate by 50 basis points to 5.90%, a three-year high spurred by high inflation, aggressive monetary policies worldwide, and market volatility. The monetary policy committee (MPC), which is made up of three members from the RBI and three outside members, hiked the key lending rate, also […]Continue Reading