SBI account holders to receive lower returns on savings deposits from today; lender slashes interest rate by 25 bps
The SBI was an offering interest of 3 percent on the savings deposits
Largest private sector lender HDFC Bank has cut its lending rate by 0.20 percent, amidst a gradual decline in the cost of borrowing across the system
SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps
In view of the adequate liquidity in the system, the State Bank Group on Wednesday revised interest rate on savings bank deposits (with balances up to Rs 1 lakh) from 3.50 percent to 3.25 percent effective 1 November
SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans
State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of fund-based lending (MCLR) rate by 10 basis points across all tenors, effective 10 October
RBI push to link loans to repo rate will not bring cheers to home-loan borrowers; banks have again found a way not to fall in line
If there was an expectation that the new repo-rate linked loan rate-setting mechanism will lower the EMI burden on borrowers, it has been proved wrong.
ICICI Bank lowers lending rates by 10 bps effective 1 September; lender's one-year MCLR come down to 8.55%
The second-largest private sector lender ICICI Bank has cut its lending rates by 0.10 percent across all maturities, sources said on Wednesday
The RBI cut rates by 35 basis points to 5.40% this week but maintained its “accommodative” policy stance, signalling further easing on concerns about weak economic growth and subdued inflation.
The finance ministry on Monday said banks have agreed to take steps to review lending rates as they have not "commensurately" transmitted to borrowers benefits of reduction in the policy rate by the RBI
Rupee not to go in for free-fall as RBI raising interest rate to avoid inflation, says former central bank governor Raghuram Rajan
The rupee crashed below the 72-mark to end at a life-low of 72.45 against the US dollar on growing fears of contagion from an emerging-market rout and escalation of a global trade war.
Monetary Policy today: Reserve Bank of India in a tight spot, is expected to raise rates again, say experts
In June, the repo rate or the benchmark lending rate was raised by the RBI for the first time in over four years, by 25 basis points to 6.25 percent.
Bank of Baroda increased its one-year marginal cost of funds based lending rates (MCLR) to 8.50 percent.
RBI considered first advance estimate for GVA growth that central statistics office (CSO) revised down to 6.1 percent for 2017-18
RBI in its fifth bi-monthly review of this fiscal had kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent
MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data
MPC had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six percent.
India's retail inflation had swelled to 5-month high of 3.36 percent in August on the back of costlier vegetables and fruits.
Risks to the Indian economy continue to stem out from uncertainties in the global environment due to geo-political situations, including rising protectionism.
The new rate is effective from the date the bank merged five of its associates and Bharatiya Mahila Bank
On Saturday, the Prime Minister had asked banks to pay special attention towards the need of poor and middle class.
Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday. Investors are cautious ahead of the key announcement, and expect the central bank to ease its key lending rates.
A shift to other savings schemes from bank deposits is likely