While maintaining the stance of “withdrawal of accommodation”, RBI Governor Shaktikanta Das highlighted that stance should be seen in the context of “incomplete transmission and inflation ruling above the target of 4% and our efforts to bring it back to the target on a durable basis.” The RBI governor reiterated its commitment to remain vigilant …
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of …
Interest rates on home, vehicle, personal and other loans in the banking system will remain unchanged with the Monetary Policy Committee (MPC) of the Reserve Bank of India keeping the Repo rate unchanged at 6.5 per cent in its monetary policy review amid rising risks to inflation due to the recent spike in vegetable prices. …
Image Source : PTI The merger of HDFC Bank and HDFC will be effective from July 1 HDFC Bank-HDFC Merger: The merger of HDFC Bank and Housing Development Finance Corp is scheduled to be completed on July 1, positioning HDFC Bank as one of the world’s most valuable banks. The estimated value of the deal …