RBI Monetary Policy Committee February 2024: Will short-term lending rates remain unchanged?This is what experts say

Reserve Bank of India Monetary Policy Committee February 2024: The Reserve Bank is likely to continue suspending short-term lending rates in its upcoming bimonthly monetary policy this week as retail inflation persists following an interim budget that maintains the status quo on policy. Experts say it’s close to the high end of the comfort zone. … Read more

RBI’s revised fair lending practice norms to come into effect from April 1, check latest details

Under the revised guidelines, lenders are now allowed to levy only reasonable penal charges in case of default in loan repayment. Banks, NBFCs and other entities regulated by the RBI were given an extension of three months to implement the revised norms. The Reserve Bank on Monday said the revised fair lending practice, which prohibits … Read more

Budget 2024 and Financial Inclusion: Will gold loan come under priority sector lending?

Recognizing the important role of gold lending in the broader financial landscape, Budget 2024 may consider additional measures to facilitate concessional lending in this sector. (symbolic image) Budget 2024 can help establish gold loan as a strategic lever to address this imbalance. Gold loans, often considered a last resort during financial emergencies, have significant potential … Read more