The RBI also decided to maintain a neutral policy stance, signaling flexibility in responding to evolving economic conditions.
RBI Cuts Repo Rate by 25 bps, Shifts Focus to Growth
The rate cut follows a period of aggressive tightening, where the RBI had hiked rates by 250 bps since May 2022 to combat soaring inflation.
All You Need to Know About Sanjay Malhotra, the New RBI Governor
Malhotra holds a strong academic background, with degrees in engineering from the Indian Institute of Technology (IIT)
Five things to watch for in the RBI policy today
Inflation outlook and guidance will be crucial.
Is Indian microfinance once again falling into a high stress era?
The alarming spike in asset quality deterioration at Muthoot Microfin is more than just a company-specific issue; it’s a red flag for India’s microfinance sector.
Muthoot Microfin reports deterioration in asset quality in Q3
Mumbai, 6th February 2025: Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055) reported a deterioration in its asset quality for the third quarter of FY25, with Gross Non-Performing Assets (GNPA) rising to 3.03%…
RBI Cancels Licence of The Cuddalore and Villupuram District Central Co-operative Bank’s Employees Cooperative Bank Ltd., Tamil Nadu
The bank is no longer permitted to carry out banking operations in India, including accepting deposits from non-members.
Tata Power Renewable Energy and Bank of Baroda Join Forces to Boost Rooftop Solar Adoption
Residential customers can now avail loans up to ₹6 lakh at competitive interest rates starting from 7% per annum, with both fixed and floating rate options.
MSMEs Witness Business Growth Surge in Oct-Dec 2024: SIDBI Outlook Survey
The quarterly survey, which serves as a barometer of MSME business sentiment, gathered insights from 1,200 MSMEs across the Manufacturing, Services, and Trading sectors. Covering 77 cities across Tier 1, 2, and 3 urban centers, along with 66 villages, the survey assessed business confidence based on 22 critical parameters, including sales growth, profitability, employment trends, financial accessibility, cost of funds, and ease of doing business.
Will the new RBI Governor start with a rate cut tomorrow?
The expectation of a rate cut is grounded in a combination of domestic economic indicators and global trends. India’s GDP growth has shown signs of moderation in recent quarters, with industrial output and private consumption exhibiting uneven momentum