Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25 | Economy News

[ad_1] Mumbai: Morgan Stanley economists do not expect the RBI to cut key interest rates in 2024-25 as the country is clocking a robust GDP growth and the US Fed has postponed its rate cut which could pose a risk to the Indian economy. According to economists Upasana Chachra and Bani Gambhir, factors such as … Read more

RBI Tells Banks To Inform Borrowers Regarding Key Facts Statement Of Loan From October 1: Check 8 Key Points | Personal Finance News

[ad_1] New Delhi: Reserve Bank on Monday issued a circular telling banks and lenders that they will have to provide key facts statement (KFS) about the loan agreement terms, including all-inclusive interest cost to borrowers for retail and MSME loans, from October 1. “This is being done in order to enhance transparency and reduce information … Read more

Bank Holiday On Eid-Ul-Fitr 2024: Financial Institutions Open Or Not? Check Here | Personal Finance News

[ad_1] New Delhi: According to the Reserve Bank of India (RBI) holiday list, banks in certain states will remain closed on Thursday in observance of Ramzan-Id (Eid-Ul-Fitr). This follows a series of consecutive holidays from April 9 to April 14 for various festivals including Gudi Padwa, Ugadi, Telugu New Year, Bohag Bihu, and Eid. Holiday … Read more

RBI To Soon Launch App To Enable Retail Investors To Participate In Govt Bonds | Economy News

[ad_1] Mumbai: The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to participate in government securities (G-Secs) or government bonds market. RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities. The … Read more

‘One Vehicle, One FASTag’ Comes Into Effect: Know How It Will Impact You | Mobility News

[ad_1] The National Highways Authority of India (NHAI) has recently introduced the ‘One Vehicle, One FASTag’ norm, effective from April 1, to streamline vehicular movement at Toll Plazas across India. This rule aims to curb the misuse of FASTags by discouraging the practice of using a single FASTag for multiple vehicles or linking multiple FASTags … Read more