RBI likely to cut repo rate by 25 bps in Governor Sanjay Malhotra’s first policy move
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
The Union Budget for 2025-26 has maintained fiscal prudence without compromising on the quality of expenditure and the government’s borrowing program has been stable, which is positive for markets, according to an analysis by Bank of Baroda economists.
Bank of Baroda has opened a new branch in Shakuntala Park on the auspicious occasion of Bank’s 117th Foundation Day, reaffirming its commitment to customer service and accessibility.
Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app.
The central bank said in its notification that the action is based on certain material supervisory concerns observed in the “manner of onboarding” of their customers onto this mobile application.
The official said that the company had been sanctioned Rs 150 crore by the Bank of Baroda and Rs 100 crore by the Syndicate Bank.
All existing MSME borrowers with outstanding credit of up to Rs 25 crore as on February 29 and with an annual turnover of up to Rs 100 crore would be eligible for funding under the scheme.
The revised rate will be applicable on personal, retail and MSME loans and its will come into effect from March 28.
Prabhakar joined PNB on March 1, 2018 and holds a Master's Degree in Agriculture and a Certified Associate of Indian Institute of Bankers (CAIIB).
The scrip jumped 5.43 per cent to Rs 98.90 on the BSE and climbed 5.43 per cent to Rs 98.90 on NSE.
