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The RBI last week increased the LTV cap for gold loans up to ₹2.5 lakh from 75% to 85% .
For loans between ₹2.5 lakh and ₹5 lakh, the LTV cap is 80%, and it remains 75% for loans above ₹5 lakh.
Equity markets too end on a high.
Delivering the announcement on the rate cut, RBI Governor Sanjay Malhotra said that inflation had softened significantly.
Economists and banking experts widely expect the central bank to reduce the repo rate by 25 basis points.
The Reserve Bank said it undertook several measures to safeguard the financial system by further strengthening the regulatory and supervisory framework of banking and non-banking sectors in line with global best practices.
RBI is reviewing the feedback received from various stakeholders and the public regarding the draft regulations.
Board reviewed the global and domestic economic situation, including risks to the outlook.
Rahman squints into those notes, gauges the damage and sets to repair them with his own assortment of tools.
The recent transaction failures occurred due to issues in the RBI’s e-Kuber platform, which manages backend payment processing.
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