Repo rate

Economy

RBI Increases Repo Rate By 25bps, EMIs Likely To Go Up

Opportunity India Desk Feb 08 2023 - 4 min read

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced the increase in the repo rate by 25 basis points (bps) to 6.50 per cent after the three-day Monetary Policy Committee Meeting. The central bank had raised 35 bps. The RBI has increased the rate by 250 basis points since May last year ...

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Banking

RBI Announces 50 bps Hike In Repo Rate

Opportunity India Desk Sep 30 2022 - 2 min read

In order to contain the rising inflation in India, the Reserve Bank of India (RBI) has announced a 50 basis points hike in the repo rate. Repo is the rate at which the central bank lends short-term funds to banks. One bps is one-hundredth of a percentage point. With the latest rate hike, the repo ...

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Banking

EMIs Becomes Expensive As SBI Raises MCLR By 20 Per cent

Opportunity India Desk Aug 16 2022 - 2 min read

The State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 20 basis points (bps) across tenures, a move that will make EMIs expensive. MCLR for one year, which is considered important as long-term loans like home loans are linked to this rate, is now at 7.70 per ...

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Economy

RBI Policy: Yet Another Hike In Repo Rate

Opportunity India Desk Aug 05 2022 - 6 min read

As predicted by many economist and experts, the Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the bank has increased the repo rate by 50 basis point (bp). This hike shows the singular focus on inflation of the monetary policy committee (MPC). One bp is one hundredth of a percentage point. With this, ...

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New India

RBI Hikes Limit For Real Estate Loans By Co-Op Banks

Opportunity India Desk Jun 09 2022 - 6 min read

The Reserve Bank of India on June 8 doubled the amount of loans that urban cooperative banks (UCBs) can issue for housing. The revision is done in order to factor in the rise in house prices. It has also been decided to permit UCBs to extend doorstep banking services to their customers. This will enable ...

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