The Reserve Bank of India (RBI) on June 6, 2025 announced a rate cup of 50 basis points in the repo rate. This was done following a unanimous vote by the six-member Monetary Policy … READ FULL STORY
February 7, 2025: The Reserve Bank of India’s (RBI) new governor, Sanjay Malhotra, announced today that, as decided in the Monetary Policy Committee (MPC) meeting, the repo rate is reduced by 25 basis points … READ FULL STORY
December 6, 2024: The Reserve Bank of India’s (RBI) governor Shaktikanta Das announced today that as decided in the Monetary Policy Meeting (MPC), the repo rate will remain unchanged at 6.5%. This is the … READ FULL STORY
August 8, 2024: In the first Reserve Bank of India’s (RBI) Monetary Policy Meeting (MPC) held after Budget 2024-25, it was decided to maintain the repo rate at 6.5%. This is the ninth consecutive … READ FULL STORY
June 7, 2024: The Reserve Bank of India (RBI) today maintained that the repo rate continues to be at 6.5%. This is the eighth consecutive time when the repo rate remains unchanged. The RBI … READ FULL STORY
May 6, 2024: Credit outstanding to the housing sector surged by almost Rs 10 lakh crore over the past two fiscal years, reaching a historic high of Rs 27.23 lakh crore in March of … READ FULL STORY
Homebuyers may often hear about how a repo rate cut by the Reserve Bank of India (RBI) is likely to impact home loan interest rates. They may also hear similar things being mentioned when … READ FULL STORY
April 5, 2024: The Reserve Bank of India (RBI) today maintained a status quo on key policy rate amid signs of better growth and moderating inflation. Announcing the first bi-monthly monetary policy of the financial year 2024-25 (FY25) … READ FULL STORY
June 6, 2023: The Rs 2,000 notes will be withdrawn from circulation, the Reserve Bank of India (RBI) announced on May 19, giving users time till October 8, 2023, to deposit or exchange these … READ FULL STORY
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
Home loans are typically of high value, and these are repaid through a long repayment span, better known as long tenure. In most cases, home loan tenure spans between 20 and 30 years. During … READ FULL STORY
October 1, 2023: The last date to exchange or deposit Rs 2,000 banknote has been extended from September 30, 2023, to October 7, 2023, according to a press release by the Reserve Bank of … READ FULL STORY
Bank credit to the real estate sector, including residential and commercial real estate, witnessed nearly 38% annual growth in July 2023, taking the outstanding credit to Rs 28.35 lakh crore, according to the latest … READ FULL STORY
