RBI
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Opportunity India Desk Nov 06 2023 - 3 min readScheduled commercial banks extended INR 21.69 lakh crore in credit to micro, small, and medium enterprises (MSMEs) as part of priority sector lending in September 2023, an increase of 17.2 per cent compared to the INR 18.50 lakh crore deployed in September 2022, as per the Reserve Bank of India's (RBI) latest sectoral ...
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Opportunity India Desk Oct 06 2023 - 4 min readThe policy repo rate under the liquidity adjustment facility (LAF) remained unchanged at 6.50 per cent, as decided in the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting on Friday. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting ...
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Opportunity India Desk Sep 21 2023 - 1 min readAmbit Group’s non-banking financial company (NBFC) Ambit Finvest has forged a co-lending tie-up with the Central Bank of India to provide loans to micro, small, and medium enterprises. Sanjay Agarwal, CEO, Ambit Finvest expressed his enthusiasm by stating, “We are delighted to join hands with the Central Bank of India to ...
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Opportunity India Desk Aug 10 2023 - 2 min readThe Reserve Bank of India (RBI) on Tuesday kept the repo rate unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent, RBI Governor Shaktikanta Das said. The Monetary Policy Committee (MPC) met on August 8, 9, and 10, 2023 and after detailed deliberation on ...
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Opportunity India Desk Jun 08 2023 - 4 min readThe Monetary Policy Committee on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent, the Reserve Bank of India Governor Shaktikanta Das said after three days of deliberation. “MPC also decided by a majority of five out of 6 members to remain focused on withdrawal of accommodation to ensure inflation aligns ...