Business

There is currently no relaxation in loan EMI because the Reserve Bank has not made any change in the repo rate.

Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) today decided to keep the repo rate unchanged at 6.50 per cent for the tenth consecutive time at the end of its three-day meeting. However, with the policy stance changing to neutral, the committee moved towards cutting …

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RBI warns NBFCs adopting bad business practices

Mumbai: RBI Governor Shaktikanta Das has warned of strict action against non-banking financial companies (NBFCs) adopting lean methods for growth. Impractical development methods may prove counterproductive. Announcing a bi-monthly review of monetary policy, the Governor has asked NBFCs to adopt appropriate and sustainable policies. Acknowledging that the NBFC sector has …

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