Banking Editorial November 2024
The Indian banking and finance sector witnessed noteworthy developments, reflecting the ongoing shifts toward digitalization, regulatory enhancements, and financial inclusion.
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Repo rate
RBI holds repo rate for 9th time in a row at 6.5%
RBI decided to keep policy rates on hold for the ninth consecutive time, citing strong demand and the need to
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The RBI maintains its position of “withdrawal of accommodation” and keeps the repo rate at 6.5%.
After its three-day monetary policy meeting, the Reserve Bank of India (RBI) decided to leave the repo rate steady at
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RBI leaves repo rate unchanged at 6.5%
The Reserve Bank of India’s Monetary Policy Committee (MPC), as expected, left the repo rate, the rate at which the
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Banking system liquidity turns surplus on higher deposit growth, govt spending
The banking system liquidity has become surplus in the last few days on higher deposit accretion and increase in the
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Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report
Commercial banks are likely to increase the marginal cost of funds based lending rate (MCLR) by 100-150 basis points (bp)
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RBI raises repo rate by 50 bps to 3-year high
The six-member Monetary Policy Committee (MPC) of the RBI has decided to increase the policy repo rate by 50 basis
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RBI may increase repo rate
India was expected to stand out from the rest of the developed world in limiting the pace of increases in
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RBI raises repo rate by 40 bps
Monetary Policy Committee (MPC) of the RBI unanimously decided to increase the repo rate by 40 basis points (bps) in
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Reserve Bank of India conducts variable repo rate auction of Rs.75,000 crore
RBI offered the banking system Rs.75,000 crore of overnight liquidity through variable rate repo (VRR) auction, while simultaneously announcing dated
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