The Reserve Bank of India (RBI) just ensured that loans for MSMEs get cheaper, by announcing a reduction in repo rates (5.75%). Repo rate is the rate at which the RBI lends money to banks in case of a shortage […]
Have you faced a failed online transaction and waited weeks before you got your money back? Thanks to a new proposition by the Reserve Bank of India, you could get paid if your bank delays in resolving the issue. In […]
The Reserve Bank Of India will now be restructuring loans worth of Rs 1 Lakh crore for MSMEs in India. The restructuring comes as a one-time scheme that allows defaulting MSMEs to revise the loan tenor and interest rate for up […]
