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New Delhi, Oct 1 (SocialNews.XYZ) Bankers on Wednesday welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate at 5.5 per cent with a neutral stance, saying the move reflects a balanced approach in supporting growth and ensuring price stability. A neutral stance requires neither stimulation nor curbs on liquidity as it strikes a fine balance between controlling inflation without hurting growth. According to Binod Kumar, MD and CEO of Indian Bank, the RBI MPC's stable poli ...Read More >
Mumbai, Oct 1 (PTI) To enhance the resilience of the financial sector, the Reserve Bank on Wednesday announced that the expected credit loss (ECL) framework for provisioning is proposed to be made applicable to all financial institutions from April 1, 2027. Announcing the fourth bi-monthly monetary policy, RBI Governor Sanjay Malhotra said the ECL framework of provisioning with prudential floors is proposed to be made applicable to all Scheduled Commercial Banks (excluding Small Finance Banks ( ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, me ...Read More >
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