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Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow

The Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI

The window opens on 14 February for six months ending 31 July 2020, but the net demand and time liabilities (NDTL) will be calculated as of 31 January 2020, the RBI circular said.

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB

For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.

SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too

SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors

In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits

PMC Bank has enough liquidity, depositors' money fully safe; HDIL sole reason for present crisis, says suspended MD

The PMC Bank management admitted that one large account-HDIL--is the sole reason for the present crisis

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead Reserve Bank to cut rates: SBI report

The slip in GDP growth may force the Reserve Bank of India (RBI) to move with a deeper 0.50% in rates at its next review

RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care of

The RBI will not budge on interest rates as inflation threat looms. The statement seems to be clear on this.

Sensex drops 180 pts: RBI's repo rate cut fails to enthuse investors as profit-taking sets in

Traders said the RBI's decision to lower the policy rate to 6 percent failed to boost sentiment

RBI keeps repo rate steady at 6.25%, doesn't want to risk 'loss of credibility'

Premature action (rate cut) at this stage risks disruptive policy reversals later and the loss of credibility, said the monetary policy committee