Recent Highlights
All Stories for Rbi Repo Rate Cut
Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut
• 5 years agoFinance 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
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
• 6 years agoAbout half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
RBI begins monetary policy review meet; interest rate cut on cards to boost economy
• 6 years agoThe 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
United Bank of India, Allahabad Bank to offer repo-linked rates; will pass on benefit of RBI's rate cut to customers
• 6 years agoTwo city-based banks, United Bank of India (UBI) and Allahabad Bank, have decided to offer select loan products linked to repo rates to pass on the benefit of the RBI's rate cut to their customers, bank officials said on Friday
Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points; auto, home, personal loans become cheaper
• 6 years agoOriental Bank of Commerce and IDBI Bank on Thursday announced a cut in the range of 0.05 to 0.15 percentage point in the marginal cost of funds based lending rates (MCLR) for various tenors
Sensex rallies 637 points on tax relief buzz, Nifty reclaims 11,000-mark; HCL Tech, Tata Motors, M&M among top gainers
• 6 years agoThe BSE Sensex soared 637 points while the NSE Nifty reclaimed the 11,000 level on Thursday amid reports that the government is likely to withdraw higher surcharge on foreign portfolio investors
Rupee skids for fifth day, drops 8 paise to 70.89 against dollar after RBI cuts key interest rate and lowers growth forecast
• 6 years agoThe rupee dropped 8 paise to finish at 70.89 against the US dollar on Wednesday after the RBI cut the key interest rate and lowered the growth estimate for the current fiscal
Sensex slumps 286 points as RBI cuts growth forecast, Nifty closes below 10,900-mark; rate-sensitive stocks tank
• 6 years agoThe BSE Sensex slumped 286 points on Wednesday after the RBI slashed the benchmark lending rate but also lowered the growth estimate for the current financial year amid a slowdown in demand and investments
State Bank of India cuts benchmark lending rates by 15 bps across all tenors shortly after RBI slashes repo rate
• 6 years agoState Bank of India (SBI), the country’s largest lender by assets, on Wednesday, cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy
Sensex, Nifty turn volatile after RBI slashes repo rate by 35 bps; Yes Bank, IndusInd, Hindustan Unilever among top gainers
• 6 years agoDomestic equity benchmarks BSE Sensex and NSE Nifty turned volatile in afternoon trade on Wednesday after the RBI slashed benchmark lending rate, but lowered the GDP growth estimates for the current financial year