RBI repo rate 2014-15, RBI keeps repo rate remains same at 8 per cent .
LENDING RATES UNCHANGED
RBI Governer Mr. Rajan today focused on banking policy where they had indicated that lending rates will remain the same and no further hikes are expected in this year and if inflation remains comfortably low.Further the EMIs will not rise immediately.
GROWTH PROSPECT 2014-2015
RBI forecast for India's GDP growth in the year 2014-15 about 5.5% from the projected 4.9%in 2013-14, ADB forecast India's GDP growth during the year 2014-15 is 5.5%.
BIG RELIEF TO THE CUSTOMER OF THE BANKS:-
RBI has asked banks not to charge penalty for future for maintaining minimum balance in inoperative accounts from their customers.
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