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Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the MPC decided unanimously to keep repo rates unchanged. However, India's inflation forecast has been increased from the previous forecast, even as GDP projections remained unchanged. Here is a look at other important MPC announcements, including further filip to UPI ecosystem.
A pilot project for digitalisation of Kisan Credit Card (KCC) loans of less than ₹1.60 lakh was started in September 2022.
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The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.
Get latest articles and stories on India at LatestLY. The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. India News | Home Loan, Other Borrowers Can Switch to Fixed-rate Regime: RBI.