WebFeb 10, 2024 · The Reserve Bank of India has pegged the economic growth rate for 2024-23 at 7.8 per cent, down from 9.2 per cent expected in 2024-22, in view of uncertainties on account of the pandemic and elevated global commodity prices, RBI governor Shaktikanta Das said on Thursday. Web1 day ago · Despite the Reserve Bank of India raising the key interest rate since May 2024, the demand for housing loans has not been significantly impacted and the homebuyers understand that the rates would come down eventually, he said. "We expect 12-15 per cent growth in the business during the current financial year," he said.
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Web1,174 Likes, 0 Comments - Current Affairs (@currentaffairs.news) on Instagram: "The Reserve Bank of India in its monetary policy review has kept the repo rate ... Web9 hours ago · IMF growth forecast is lower than projections by the Reserve Bank of India (RBI). RBI sees a 7 per cent GDP growth in 2024-23 and a 6.4 per cent in the current … green meadows farm floral park ny
Modest downgrade of India
WebApr 6, 2024 · Current reverse repo rate is at 3.35%. Repo rate refers to the rate at which commercial banks borrow money by selling their securities to the Central Bank of our country i.e. Reserve Bank of India (RBI) to maintain liquidity, in case of shortage of funds or due to some statutory measures. WebApr 6, 2024 · In a surprise move, the Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das, on Thursday announced to keep policy rate unchanged at 6.5 per cent. Economists and analysts widely expect RBI to hike the interest rate by another 25 basis points and take the repo rate to 6.75 per cent. WebApr 9, 2024 · PNB's net profit for the third quarter was down 44 per cent to Rs 628 crore due to higher provisioning. SBI recorded the highest net profit of Rs 14,205 crore, an increase of 68 per cent.However, Saha said, there would be pressure on the net interest margin of all banks due to rising deposit rates and a decline in current accounts and savings … green meadows farm frederick md