The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.
This move is expected to enhance credit flow to underserved segments, such as micro, small, and medium enterprises (MSMEs), while also ensuring stronger customer protection, experts said
Reserve Bank Governor Sanjay Malhotra on Wednesday said that the cases of failure of cooperative banks in the last 7-8 years are very small compared to the overall size
Malhotra also said that at the system level, co-operative banks, NBFCs, and banks are all safe, secure, and robust
In December 2024, RBI launched MuleHunter.ai, developed by the Reserve Bank Innovation Hub, to help banks reduce digital fraud
REs will issue an NFB facility only on behalf of a customer having a business relationship with them
RBI MPC Meeting 2025 highlights: Catch all the latest news updates on the RBI Monetary Policy Committee meeting here
RBI said the policy will strengthen conduct-related aspects, with lending norms integrated into lenders' credit/risk management policies
RBI MPC reduced the repo rate by 25 basis points to 6 per cent, marking the second cut this year
MPC's decision to reduce the repo rate to 6 per cent and adopting accommodative stance will provide a cushion to Indian economy from adverse effects of global economic uncertainty
The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management
Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production
'Decisive improvement' in inflation outlook, says MPC as India braces for impact of US tariffs
The benchmark repo rate was kept unchanged at 6.5 per cent for 11 consecutive MPC meetings and the first rate cut was announced in February 2025
RBI Governor Malhotra warned that increased US tariffs could hinder India's exports and domestic growth, emphasising the central bank's commitment to monitoring inflation risks
RBI lowers repo rate by 25 bps and trims GDP projection for FY26, citing controlled inflation and global trade and policy uncertainties
RBI's MPC begins 3-day meet from April 7; decision on repo rate to be announced April 9. Markets expect 25 bps cut amid easing inflation, global concerns
RBI MPC April meet: The monetary policy committee is expected to do a second rate cut on April 9 and switch to an 'accommodative' stance. What does this mean?
In February, the RBI's six-member monetary policy committee delivered its first rate cut since May 2020 amid a slowdown in the economy, which is expected to have expanded 6.5 per cent in fiscal 2025
Credit growth to expand at 10.8-10.9% on regulatory easing