LIC Housing Finance Hikes Rates by 50 Bps
Mortgage financier LIC Housing Finance has increased its prime lending rate by 50 basis points from August 22. With this increase, home loan rates will...
Tag : RBI
Govt Issues Consolidated Overseas Investment Rules to Promote Ease of Doing Business
On Monday, the Ministry of Finance notified the consolidated rules for overseas investments by Indian entities to facilitate ease of doing business. The Foreign Exchange...
Bajaj Finserv Shares Fall After FinMin Says No Fees for UPI Transactions
Shares of Bajaj Finserv fell nearly 3% a day after the Finance Ministry said it would not consider charging any fees for transactions made through...
UPI Transactions to Remain Free, Modi Govt Clears
The Ministry of Finance has clarified that the government is not considering any charges on UPI services. The concerns of the UPI (Unified Payment Interface)...
License of Deccan Urban Co-Operative Bank Nullified, Says RBI
Co-operative Banks do not have adequate capital and earning prospects, the Central Bank (RBI) claims. On Thursday, the Reserve Bank of India announced that the...
RBI Faces Core Challenge of Keeping Inflation Below 6%
Food has been the most significant determinant of the trajectory of retail inflation in India as it accounts for a sizable share of the consumer...
HDFC Hikes Benchmark Lending Rate, RPLR By 25Bps from August 9
Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, raised its benchmark lending rate by 25 basis points, effective August 9, 2022, the company...
HDFC Bank Hikes Rates by 5-10 Bps Across Loan Tenures
HDFC Bank has increased lending rates by 5-10 basis points over the life of the loan. The central bank raised its key interest rate by...
RBI Retains Retail Inflation Forecast at 6.7% for FY23, Hikes Repo Rate by 50 bps to 5.40%
In its bi-monthly meeting, the Monetary Policy Committee of the Reserve Bank of India (RBI) increased the policy Repo Rate by 50 (BP) basis points...
Sensex Up 200 Points, Nifty50 Tops 17,400 Ahead of RBI Policy Announcement
The Indian equity benchmark opened in the green on the last trading day of the trading week ahead of the Reserve Bank of India’s key...