Interest Rate

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Interest Rate - Total results - 503
SBI waives minimum average balance requirement; rationalises interest rate on savings bank accounts to 3%
Business

SBI waives minimum average balance requirement; rationalises interest rate on savings bank accounts to 3%

The country's largest lender SBI on Wednesday rationalised interest rate on all savings bank (SB) accounts to a flat 3 percent, a move affecting 44.51 crore account holders

RBI may not follow Fed with rate cut next month; rally in bond yields likely to prove premature: Economists
Business

RBI may not follow Fed with rate cut next month; rally in bond yields likely to prove premature: Economists

The RBI has repeatedly said there is space for more rate cuts if inflation eases. The February reading, to be released later in the month, might prove critical.

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20
Business

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20

The labour ministry is keen to retain an interest rate of 8.65 percent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said

RBI monetary policy: Corporate India pitches for rate cut going forward; welcomes economy-boosting measures
Business

RBI monetary policy: Corporate India pitches for rate cut going forward; welcomes economy-boosting measures

India Inc on Thursday welcomed the measures announced by the RBI to boost growth and improve liquidity, but called for slashing the policy rate, which was kept unchanged for the second time in a row

RBI monetary policy: Bankers, analysts hail liquidity boosting policy measures; say its 'quite progressive and forward looking'
Business

RBI monetary policy: Bankers, analysts hail liquidity boosting policy measures; say its 'quite progressive and forward looking'

Bankers and analysts were positively surprised with the slew of liquidity-enabling measures announced in an otherwise expected RBI monetary policy that left the key rates unchanged at 5.15 percent

RBI monetary policy: Experts hail central bank's measures to boost economy, improve money supply
Business

RBI monetary policy: Experts hail central bank's measures to boost economy, improve money supply

Economists and financial experts have welcomed RBI's widely expected status quo on repo rate, and other announcements to spur economic growth and ensure money supplies effectively

RBI monetary policy: Central bank rules out printing more money to cover fiscal deficit
Business

RBI monetary policy: Central bank rules out printing more money to cover fiscal deficit

RBI Governor Shaktikanta Das on Thursday said the central bank has no plans to monetise the rising fiscal deficit

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

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

RBI keeps benchmark interest rate unchanged at 5.15%; other key highlights of monetary policy review
Business

RBI keeps benchmark interest rate unchanged at 5.15%; other key highlights of monetary policy review

The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 percent, maintaining its accommodative policy stance as long as it was necessary to revive growth

RBI monetary policy: Governor Shaktikanta Das says central bank has many other tools to revive growth, not just interest rates
Business

RBI monetary policy: Governor Shaktikanta Das says central bank has many other tools to revive growth, not just interest rates

After leaving benchmark interest rates rates unchanged in the second consecutive policy review, RBI governor Shaktikanta Das on Thursday said the central bank has many other instruments to address the sluggishness the economy, not just interest rates

RBI monetary policy: Central bank raises CPI inflation projection to 6.5% for January-March; overall outlook 'highly uncertain'
Business

RBI monetary policy: Central bank raises CPI inflation projection to 6.5% for January-March; overall outlook 'highly uncertain'

The Reserve Bank of India on Thursday revised upwards its retail inflation projection for the last quarter of the current fiscal to 6.5 percent owing to likely increase in input costs for milk and pulses amid volatile crude oil prices

RBI monetary policy updates: Central bank has many other tools to revive growth, not just interest rates, says Shaktikanta Das
Business

RBI monetary policy updates: Central bank has many other tools to revive growth, not just interest rates, says Shaktikanta Das

The Monetary Policy Committee (MPC) of the RBI is expected to maintain status quo on the rates keeping in view the current economic situations.

RBI monetary policy: Central bank estimates GDP growth to expand at 6% in next fiscal; expects rural private consumption to recover
Business

RBI monetary policy: Central bank estimates GDP growth to expand at 6% in next fiscal; expects rural private consumption to recover

The Reserve Bank of India on Thursday projected the economy to expand by 6 percent during the next financial year, pegging it at the lower end of the GDP growth estimate of the Economic Survey

RBI monetary policy: Central bank keeps benchmark interest rate unchanged at 5.15%; maintains accommodative policy stance
Business

RBI monetary policy: Central bank keeps benchmark interest rate unchanged at 5.15%; maintains accommodative policy stance

The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 percent, maintaining its accommodative policy stance as long as it was necessary to revive growth

RBI keeps repo rate unchanged at 5.15%: Full text of sixth bi-monthly policy statement for fiscal 2019-20
Business

RBI keeps repo rate unchanged at 5.15%: Full text of sixth bi-monthly policy statement for fiscal 2019-20

All members of the MPC –  Chetan Ghate, Pami Dua, Ravindra H. Dholakia, Michael Debabrata Patra, Bibhu Prasad Kanungo and Shaktikanta Das – voted in favour of the decision. the RBI said.

NSE launches interest rate options on 10-year govt bonds; first day of launch witnesses turnover of 5,926 contracts
Business

NSE launches interest rate options on 10-year govt bonds; first day of launch witnesses turnover of 5,926 contracts

Rival bourse BSE launched trading in interest rate options based on government securities in August this year.

RBI monetary policy: Shaktikanta Das says central bank can't keep on slashing policy rates every time
Business

RBI monetary policy: Shaktikanta Das says central bank can't keep on slashing policy rates every time

After surprisingly holding the rates, Reserve Bank governor Shaktikanta Das on Thursday said the Reserve Bank cannot "mechanically" keep cutting interest rates every time

RBI monetary policy: Central bank unexpectedly pauses interest rate on inflation concern, cuts GDP growth forecast
Business

RBI monetary policy: Central bank unexpectedly pauses interest rate on inflation concern, cuts GDP growth forecast

The Reserve Bank on Thursday unexpectedly kept benchmark interest rates unchanged on concerns of headline inflation breaching its medium-term target, despite a worrying slowdown in the economy

RBI raises inflation projection for second half of current fiscal on spike in vegetable prices
Business

RBI raises inflation projection for second half of current fiscal on spike in vegetable prices

The Reserve Bank of India (RBI) on Thursday raised its inflation projection to 5.1-4.7 percent for the second half of the current fiscal on the back of spike in prices of vegetables such as onion and tomatoes

RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
Business

RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das

If the Reserve Bank of India (RBI) cuts the repo rate today, it would be the sixth reduction in the short-term lending rate this financial year.