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In an attempt to boost credit flow, banks will be given a relief on cash reserve ratio (CRR) a percentage of deposits that a bank has to hold in cash or with RBI on incremental credit sanctioned for the purchase of automobiles and residential housing. The relief would also be available for loans sanction to MSMEs.

RBI Rate Cut To Spur Auto Demand

This move demonstrated the RBI’s confidence in the macroeconomic fundamentals and its proactive approach to supporting...

6 Jun 2025 9:22 PM IST

Renault India Plans to Launch Five Cars in Three Years

Renault India Plans to Launch Five Cars in Three Years

Hyderabad: Renault India announced an initiative called ‘Renaulution India 2024’ under which the French carmaker...

23 Jan 2024 11:30 PM IST