Interest Rate

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Interest Rate - Total results - 503
RBI monetary policy: Central bank sharply lowers growth projection to 5% for current fiscal
Business

RBI monetary policy: Central bank sharply lowers growth projection to 5% for current fiscal

The Reserve Bank on Thursday sharply lowered the growth forecast for the current financial year to 5 percent from the earlier estimate of 6.1 percent on account weak domestic and external demand

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 on Thursday kept the key policy rate unchanged at 5.15 percent and decided to continue with its accommodative stance to support the economy

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

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

The Reserve Bank of India (RBI) on Thursday has kept the key short-term lending (repo) rate unchanged at 5.15 percent at its fifth bi-monthly monetary policy review of the ongoing fiscal

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November
Business

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November

SBI also revised its interest rates on term deposits on account of adequate liquidity in the system. The new deposit rates will also be effective from 10 November.

Corporate India welcomes RBI move; says rate cut will spur growth, revive investment and encourage consumption
Business

Corporate India welcomes RBI move; says rate cut will spur growth, revive investment and encourage consumption

The Reserve Bank of India (RBI) on Friday cut interest rates for a fifth straight meeting this year, stepping up its efforts to kickstart an economy growing at its slowest pace in six years

RBI's rate cut reflects India's ambition to boost economic growth: NITI Aayog Vice-chairman Rajiv Kumar
Business

RBI's rate cut reflects India's ambition to boost economic growth: NITI Aayog Vice-chairman Rajiv Kumar

NITI Aayog Vice-chairman Rajiv Kumar on Friday said the RBI's fifth consecutive rate cut reflects India's overall ambition to accelerate economic growth to touch 8 percent sooner rather than later

RBI rate cut to boost housing demand in festive season; banks must pass on benefit to borrowers: Real estate industry
Business

RBI rate cut to boost housing demand in festive season; banks must pass on benefit to borrowers: Real estate industry

The RBI's decision to cut key policy rate by 25 basis points will boost consumer sentiment as well as housing sales during the ongoing festive season which is a crucial period for realty sector, property consultants said on Friday

RBI governor Shaktikanta Das says not aware of govt demand for interim dividend
Business

RBI governor Shaktikanta Das says not aware of govt demand for interim dividend

Governor Shaktikanta Das on Friday scotched media reports that the government might seek an interim dividend of Rs 30,000 crore from the central bank to meet its revenue shortfall after the massive tax cuts

RBI Monetary policy: Central bank sharply cuts GDP growth forecast to 6.1% for current fiscal from 6.9% earlier
Business

RBI Monetary policy: Central bank sharply cuts GDP growth forecast to 6.1% for current fiscal from 6.9% earlier

The Reserve Bank on Friday sharply cut its economic growth projection for this fiscal to 6.1 percent from 6.9 percent earlier, but expressed hope that the growth will recover in the second half of 2019-20

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das
Business

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das

RBI MPC LATEST Updates: RBI governor Shaktikanta Das has said that efforts are on to ensure that another large non-banking finance company (NBFC) does not default.

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper
Business

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper

The Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'

RBI monetary policy: Central bank cuts repo rate by 25 bps to 5.15% to support growth; other key highlights of MPC statement
Business

RBI monetary policy: Central bank cuts repo rate by 25 bps to 5.15% to support growth; other key highlights of MPC statement

The Reserve Bank on Friday cut its key rates by 0.25 percent to boost economy from six-year low saying reduction was necessary to revive growth

RBI cuts repo rate by 25 bps to 5.15%: Full text of fourth bi-monthly policy statement for fiscal 2019-20
Business

RBI cuts repo rate by 25 bps to 5.15%: Full text of fourth bi-monthly policy statement for fiscal 2019-20

The Reserve Bank of India (RBI) on Friday cut key short-term lending (repo) rate by 25 bps to 5.15 percent at its fourth bi-monthly monetary policy review of the ongoing fiscal

RBI monetary policy: MPC likely to cut interest rates again tomorrow as fiscal measures fail to boost ailing growth
Business

RBI monetary policy: MPC likely to cut interest rates again tomorrow as fiscal measures fail to boost ailing growth

If the RBI delivers a 25 bps cut as expected, traders will focus on the wording and tone of the statement for clues on further easing.

RBI begins monetary policy review meet; interest rate cut on cards to boost economy
Business

RBI begins monetary policy review meet; interest rate cut on cards to boost economy

The RBI on Tuesday began its rate-setting huddle amid widespread expectations that the Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das would slash benchmark interest rate to revive the sagging economy

Canara, Corporation Bank, others introduce repo linked loan products to meet 1 October deadline
Business

Canara, Corporation Bank, others introduce repo linked loan products to meet 1 October deadline

In 2019, the RBI reduced the repo or short-term lending rate by 110 basis points (bps), but the banks have reportedly passed on only up to 40 bps to borrowers

SBI to adopt repo rate as external benchmark for all floating rate loans from 1 October
Business

SBI to adopt repo rate as external benchmark for all floating rate loans from 1 October

State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from 1 October, 2019

Teaser loans a rude shock for many homebuyers when interest rates shoot up; RBI right to decline SBI’s idea from Day One
Business

Teaser loans a rude shock for many homebuyers when interest rates shoot up; RBI right to decline SBI’s idea from Day One

Back in 2010, SBI had introduced teaser loans but rolled back after just a year following disapproval from the RBI.

Over 6 cr EPFO members to get 8.65% interest for 2018-19 ahead of festival season: Labour minister Santosh Gangwar
Business

Over 6 cr EPFO members to get 8.65% interest for 2018-19 ahead of festival season: Labour minister Santosh Gangwar

Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 percent interest on their deposits for 2018-19

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans
Business

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans

At present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate.