RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

FICCI calls for interest-free loans to support small businesses amid lockdown

Federation of Indian Chamber of Commerce and Industry said small and medium enterprises are incurring losses and facing cash flow disruption

The joint initiative is aimed at fulfilling the government’s vision of making credit available to MSME and retail customers at affordable cost.

Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.