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News

India central bank delivers sharp rate cut

Reuters on MSN · 2d
Instant View: India central bank delivers outsized 50 bps rate easing, slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points (bps) on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth.
BBC on MSN · 2d
India central bank delivers sharp rate cut as growth and inflation fall
India's central bank has lowered interest rates by a deeper-than-expected half a percent - the third cut in a row amid falling inflation and lower growth in Asia's third largest economy. The repo rate now stands at 5.
CNBC on MSN · 2d
India's central bank delivers outsized cut to 5.5%, lowest since August 2022
This marks the third straight rate cut since February. It comes below the median estimates of 5.75% in a Reuters poll. India's central bank delivered an outsized cut to its benchmark policy rate, bringing it to 5.
2d
India's central bank rejects Annapurna Finance's universal banking license application
The Reserve Bank of India said on Friday it has declined the application of Annapurna Finance for setting-up a universal bank ...
2don MSN
Central Bank of India acquires nearly 25% stake in Future Generali India Insurance for ₹451 crore
Central Bank of India acquires equity stake of 24.91% of Future Generali India Insurance Company Limited, the bank informed ...

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