Rs 42,000 crore bailout to enhance interest to small enterprises; Another interest rate hike by RBI is inevitable

10 lakh crore loan waived in five years

Reserve Bank of India has increased the repo rate by 140 basis points since May in order to rein in the alarming inflation. Along with the increase in the repo rate, banks have also increased the interest rates on loans, resulting in an increase in the interest cost of micro, small and medium (MSME) enterprises … Read more