Loans set to get dearer as RBI hikes repo rate after 44 months
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Loans set to get dearer as RBI hikes repo rate after 44 months
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra arrives at a press conference in Mumbai (Picture credit: Reuters) MUMBAI: In a move that could hurt consumption during the festive season, mortgages and other loans are set to become more expensive, while deposits will start yielding »»»
RBI still assessing revolving credit norms: Sanjay Malhotra
Reserve Bank of India governor Sanjay Malhotra has indicated that regulations on revolving credit by non-banking finance companies are under review. The RBI issued draft norms limiting NBFCs to term loans without revolving credit options. Malhotra said that systemic risks linked to these changes wi»»»
Bank credit growth sees sharp acceleration in August; industry, services lending rises
Mumbai (Maharashtra) [India], September 30 (ANI): Bank credit growth accelerated sharply in August, with lending to businesses and services picking up pace alongside continued growth in retail loans, according to data released by the Reserve Bank of India (RBI) on Wednesday.Non-food bank credit gre»»»
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