Shock to bank customers: RBI fills festive test, big announcement on EMI

The central bank had earlier cut the repo rate by 1.15 percent in the last two meetings. Currently, the repo rate is 4 percent, reverse repo rate is 3.35 percent. RBI Governor Shakti Kant Das said that there is growth in all sectors.In order to provide relief to the common people from the economic crisis caused by the Corona epidemic, the Reserve Bank of India granted exemption in submission of EMI. The RBI has announced the results of the Monetary Policy Committee (MPC) meeting before the festivals. RBI Governor Shaktisakant Das gave information about this through a press conference. During this, he told that there has been no change in the repo rate. This means that the repo rate remains at four per cent. RBI Ferra customers1.15 percent reduction in repo rate However, the central bank had earlier cut the repo rate by 1.15 percent in the last two meetings. Currently, the repo rate is 4 percent, reverse repo rate is 3.35 percent. RBI Governor Shakti Kant Das said that there is growth in all sectors. He said that now the focus is on revival by stopping Kovid.New appointment of three members in MPC It has been reported that the Reserve Bank had earlier fixed the meeting date of the Monetary Policy Committee (MPC) on 28 September. But due to the appointment of members of the committee, the meeting was postponed further. The government has appointed three members in the MPC. Three eminent economists Ashima Goyal, Jayant R Verma and Shashank Bhide have been appointed as members of the MPC. These members have been appointed in place of Chetan Ghate, Pami Dua, Ravindra Dholakia. His term was completed in September.The central bank had earlier cut the repo rate by 1.15 percent in the last two meetings. Currently, the repo rate is 4 percent, reverse repo rate is 3.35 percent. RBI Governor Shakti Kant Das said that there is growth in all sectors.


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