Repo Rate Cut By RBI, Positive For Banks, NBFCs

The RBI has removed 100 percent risk weights for NBFCs and now their risk weights will be as per their rating, which is a positive development for higher rated NBFCs, suggest experts.

RBI Repo Rate Cut Down To 6.25 Per Cent, EMIs May Get Cheaper

“Turning to the growth outlook, GDP growth for 2018-19 in the December policy was projected at 7.4 per cent (7.2-7.3 per cent in H2) and at 7.5 per cent for H1:2019-20, with risks somewhat to the downside,” the RBI said in a statement.