raghuram rajan
SBI chief Arundhati Bhattacharya on Thursday said that the interest rate would be left unchanged by the RBI in the next review. She was speaking ahead of the RBI’s monetary policy review and also states that there is a chance of the RBI softening its stance as this financial year closes. According to her, all [...] Continue Reading »
Reports reveal a significant drop in consumer inflation rates at 5.52 % in October. It is the lowest since February 2008. The previous consumer price index for urban dwellers had its lowest inflation rate in February 2008 and the significant lowering has been recorded once again in October at the rate of 5.52%. This report [...] Continue Reading »
The RBI may issue orders to scrap penalty on pre-payment of all retail and small corporate loans. The central bank disputes the practice of charging pre-payment penalty on any loan since the entire system has moved to floating rates — be it deposits or loans — where rates are charged based on the prevailing markets, [...] Continue Reading »
