by Team Small News | Jun 7, 2025 | RBI
The Agri and All Trade Chamber has expressed its appreciation for the Reserve Bank of India’s (RBI) decision to reduce the repo rate from 6% to 5.5% and the cash reserve ratio (CRR) by 1%. According to S. Rethinavelu, the chamber’s president, this move is...
by Team Small News | Jun 7, 2025 | Bank of Baroda, Punjab National Bank, RBI, UCO Bank
UCO Bank has announced a reduction in its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all tenures, following the Reserve Bank of India’s (RBI) decision to cut the repo rate. The reduced MCLR rates will come into effect from June 10....
by Team Small News | Jun 7, 2025 | RBI, Union Bank of India
The Reserve Bank of India’s (RBI) recent policy actions, as reported by Union Bank of India, suggest that the current interest rate cutting cycle has come to an end. The terminal repo rate is expected to settle at 5.50%, assuming a real interest rate of 150...
by Team Small News | Jun 7, 2025 | Central Bank of India, RBI, State Bank of India
The Reserve Bank of India (RBI) made a surprise announcement on June 6, as Governor Sanjay Malhotra revealed the Monetary Policy Committee’s (MPC) decision to reduce the repo rate by 50 basis points (bps) to 5.5%. This move is expected to provide relief to loan... by Team Small News | Jun 5, 2025 | RBI
Banks in certain parts of India will be closed on June 6, 2025, due to the celebration of Eid ul-Adha, also known as Bakra Eid. This is according to the Reserve Bank of India’s (RBI) website. Eid ul-Adha is a significant religious festival in the Islamic...
by Team Small News | Jun 5, 2025 | RBI, Union Bank of India
India’s retail inflation, measured by the Consumer Price Index (CPI), is expected to moderate to 3.0% in May, a six-year low. This decline is attributed to a decrease in prices of cereals, pulses, and other food items, despite a strengthening of other segments....