India central bank cuts rates for first time in nearly 5 years; signals less restrictive approach
MUMBAI: The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday (Feb 7) and signalled a less restrictive policy approach ahead, as it seeks to provide stimulus to the sluggish economy.
Those depositors who are looking to lock their money in fixed deposits may consider the current rates as the highest they ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.
The Reserve Bank of India cut its policy rate for the first time in nearly five years as economic growth slows and inflation ...
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