Bank Rates

Mr FM, interest rates in India should be at least 17%

But interest rates in India are much lower than they should be given the rate of consumer price inflation and the rate of economic growth. This is one of the well kept secrets of Indian banking.

Disappointed India Inc hopes RBI cuts rates before next policy review

Expressing disappointment over RBI's decision to keep key rates unchanged, India Inc today said the time was appropriate for cut in interest rates to revive the country's economic growth.

Banks make base rate scapegoat for not reducing lending rates

According to a report published in The Economic Times today, banks are blaming base rate for interest rates not falling in line with the Reserve Bank of India's (RBI) cuts.

Subbarao: the only dove among hawks?

Subbarao went against the majority view of the external members on the central bank's technical advisory committee (TAC) when he cut policy rates by 50 bps (100 bps=1 percent) on 17 April.