Borrowers with loans linked to the Marginal Cost of Funds-Based Lending Rate (MCLR) may see their borrowing costs rise after Bank of Baroda and Canara Bank revised their MCLR rates on select tenures, effective from August 12, 2026. The move comes shortly after the Reserve Bank of India (RBI) decided to keep the repo rate … Read more
Defying an increasingly uncertain global economic environment, the Reserve Bank of India (RBI) has expressed renewed confidence in the country’s growth story by raising its GDP growth projection for FY2026-27 to 6.7% from the earlier estimate of 6.6%. The upward revision underscores the central bank’s belief that India’s domestic economy remains resilient despite mounting global … Read more
The Reserve Bank of India(RBI) has commenced its crucial three-day Monetary Policy Committee (MPC) meeting on Monday, with economists, financial institutions, and market participants widely expecting the central bank to maintain the benchmark repo rate at its current level while continuing with a cautious and data-driven monetary policy stance. The policy decision, scheduled to be … Read more