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

By uniquetimes November 17, 2023 0

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 Governor: India’s Economic Growth to Continue at a Rapid Pace in 2023

By uniquetimes June 14, 2023 0

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, India’s economic growth in recent years has been primarily driven by strong domestic demand, particularly in terms of private consumption and investment. He expressed confidence that India will continue to be one of the fastest-growing major economies in 2023. Governor Das made these remarks during Continue Reading

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RBI Proposes To Launch Code-Based Coin Vending Machine In 12 Cities

By uniquetimes February 8, 2023 0

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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Reducing Inflation Top Priority For South Asian Nations: RBI Governor

By uniquetimes January 6, 2023 0

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, bringing down inflation is the top concern for South Asian nations as dangers to the GDP and investment prospects could increase if pricing pressures linger at high levels. The head of the Indian central bank remarked that the CoVid-19 outbreak and the crisis in Ukraine […]Continue Reading

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RBI Hikes Key Lending Rate To 3-Year-High Of 5.9%, Fourth Increase In A Row

By uniquetimes September 30, 2022 0

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