Thu, Jun 08, 2023
RBI MPC MEET OUTCOME: The MPC members unanimously decided to maintain the status quo on the repo rate, Governor Shaktikanta Das said in his policy speech on June 8. The repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds.
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Tue, Jun 06, 2023
A recent report by Bank of Baroda reveals that Indian banks have maintained steady lending strength, despite aggressive hikes in the repo rate by the Reserve Bank of India (RBI) in FY2023. Borrowing continues to rise, propelled by robust demand, as bank lending growth increased to 15.9 per cent in April 2023.
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