Interest Rate

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Chidambaram attacks govt for discontinuing RBI Bonds scheme, says it is another 'cruel blow' to citizens
Business

Chidambaram attacks govt for discontinuing RBI Bonds scheme, says it is another 'cruel blow' to citizens

Senior Congress leader P Chidambaram on Thursday hit out at the government for discontinuing the RBI Bonds scheme, saying it is another "cruel blow" to the citizens

Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI
Business

Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI

Realtors' apex body CREDAI has written a letter to RBI, complaining that banks are not passing lower rate benefits to home loan borrowers and cash-starved developers

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August
Business

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August

Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
Business

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade

The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade

RBI monetary policy: GDP growth in 2020-21 likely to be in negative territory, says Shaktikanta Das
Business

RBI monetary policy: GDP growth in 2020-21 likely to be in negative territory, says Shaktikanta Das

The Reserve Bank on India (RBI) on Friday said India''s gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted economic activities

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of Shaktikanta Das' statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of Shaktikanta Das' statement

The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of resolution of monetary policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of resolution of monetary policy statement

To mitigate the economic impact of COVID-19 outbreak, in a surprise move, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers
Business

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers

The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts
Sports

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts

The US Fed's two-day meeting begins on 28 April and interest rate decision will be announced on 29 April 2020.

Andhra Pradesh govt re-launches zero interest loan scheme for women SHGs; releases Rs 1,400 cr
Business

Andhra Pradesh govt re-launches zero interest loan scheme for women SHGs; releases Rs 1,400 cr

In line with his election-eve promise last year, Jagan re-launched the zero interest scheme that would benefit about 91 lakh members of SHGs.

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score
Business

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above

Interest rates of PPF, Kisan Vikas Patra and other small savings schemes slashed; new rates will be applicable from today (1 April)
Business

Interest rates of PPF, Kisan Vikas Patra and other small savings schemes slashed; new rates will be applicable from today (1 April)

People with accounts in Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and National Savings Certificate (NSC) will earn less after the rates were cut by 70-140 basis points (bps).

Rupee pares initial gains, settles 27 paise higher at 74.89; RBI measures boost investor sentiment
Business

Rupee pares initial gains, settles 27 paise higher at 74.89; RBI measures boost investor sentiment

The rupee pared its initial gains to settle 27 paise higher at 74.89 (provisional) against the US dollar on Friday after the RBI announced various measures to stimulate growth amid coronavirus-induced lockdown in the country

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review
Business

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review

The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic

Rupee rallies 81 paise to 74.35  in mid-session trade after RBI announced measures to support economy
Business

Rupee rallies 81 paise to 74.35 in mid-session trade after RBI announced measures to support economy

The Indian rupee appreciated by 81 paise to 74.35 against the US dollar in intra-day trade on Friday, after the Reserve Bank announced various measures including a 75 basis point cut in repo rate to support the economy amid the coronavirus-induced crisis

Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut
Business

Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut

Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in the financial system to deal with the COVID-19 pandemic

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement

The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind

Coronavirus Outbreak: RBI cuts repo rate by 75 bps to 4.40%; full text of seventh bi-monthly policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 75 bps to 4.40%; full text of seventh bi-monthly policy statement

All members voted for a reduction in the policy repo rate and maintaining the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target

Govt may cut interest rate on PPF, NSC, other small savings schemes in April-June quarter
Business

Govt may cut interest rate on PPF, NSC, other small savings schemes in April-June quarter

The government is considering rate moderation for small savings schemes in the upcoming quarter, a development that could lead to speedier transmission of monetary policy rate cuts, sources said