RBI Governor Sanjay Malhotra

December 5, 2025 11:16 AM

Rate cut to boost housing demand as home loans to get cheaper

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points to 5.25 per cent is expected to give a strong push to housing demand, especially in the affordable and mid-income segments, as home loan EMIs are likely to come down in the coming weeks. Announcing the monetary policy decision on Friday, RBI Governor Sanjay Malhotra said the MPC voted unanimously for the rate cut to support economic growth. He said the sharp fall in inflation to 1.7 per cent and the strong 8.2 per c...

October 1, 2025 1:45 PM

RBI unveils new measures to promote international use of the Rupee

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to facilitate wider use of the Indian Rupee (INR) and other local currencies in international trade transactions. RBI Governor Sanjay Malhotra said the government has been steadily working to internationalise the rupee, making it widely accepted for global trade, finance, and investment. “We have been making steady progress in this regard,” he added. As part of the initiative, Authorized Dealer banks in India and t...

August 6, 2025 3:10 PM

Jan Dhan account holders can complete re-KYC at camps till September 30: RBI

As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes a decade, a large number of account holders are now due for re-KYC (Know Your Customer) updates, the Reserve Bank of India said on Wednesday. RBI Governor Sanjay Malhotra, in his Monetary Policy Committee (MPC) statement, said public sector banks have started organising re-KYC camps at the panchayat level across the country from July 1 to September 30. “The banks are organising camps at the Panchayat level in an endeavour to provide ser...