central bank of india - Modern Business India

Central Bank of India likely to exit RBI PCA framework soon

NEW DELHI: Central Bank of India, the only public sector lender under the RBI's prompt corrective action (PCA) framework, may see an exit from restrictions soon following an improvement in its financial health. The bank has already made…

Repo rate hike to hit existing home loan borrowers harder

NEW DELHI: Increase in repo rate by 1.4 percentage points in the last three months has affected prospective homebuyers. And, it has hit existing ones even harder as they have limited elbow space to negotiate a better deal. The RBI…

Second 50bps hike: Repo rate’s now over pre-pandemic level

MUMBAI: In a move that will increase the cost of borrowings for businesses and individuals, including home and auto loans, the Reserve Bank of India has hiked its repo rate by 50 basis points from 4.9% to 5.4%. It's the third hike in…