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While giving relief to the customers, the Reserve Bank of India has said that banks will not be able to capitalize the penalty imposed on the loan default.
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While giving relief to the customers, the Reserve Bank of India has said that banks will not be able to capitalize the penalty imposed on the loan default.
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RBI | Penal Interest | Repo Rates |
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The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and MSMEs to external interest rate benchmarks in a big push to make transmission of monetary policy more effective. Home and car loan rates, along with those for personal travel, are expected to fall, benefiting borrowers. Watch this video to know more. (Text: ET Bureau)
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In a clear hint that RBI is focussing more on addressing growth issues, Governor Shaktikanta Das on Thursday said it was time to act decisively to foster economic growth. Das, who himself voted for a rate cut at the MPC where Deputy Governor Viral Acharya and Chetan Ghate voted against it, said the fall in inflation has opened up space for a rate cut.
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RBI ने किया मौद्रिक नीति का ऐलान
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