Repo Rate-cut

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Coronavirus Lockdown: GDP data set to show economy grew at its slowest pace in 2 years in March quarter, says report
Business

Coronavirus Lockdown: GDP data set to show economy grew at its slowest pace in 2 years in March quarter, says report

Unlike some advanced economies, India’s stimulus package has largely focussed on subsidised credit to small businesses and farmers, while direct fiscal stimulus was limited to around 1 percent of the GDP, economists said.

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh
Business

Kotak Mahindra Bank cuts interest rates for savings accounts to 3.50%, effective from today; applicable on balance up to Rs 1 lakh

The change in interest rates at Kotak Mahindra Bank comes after the Reserve Bank of India on Friday reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.

Rupee falls 34 paise to close at 75.95 against dollar; RBI rate cut booster dose fails to cheer investors
Business

Rupee falls 34 paise to close at 75.95 against dollar; RBI rate cut booster dose fails to cheer investors

The Indian rupee slipped 34 paise to close at 75.95 against the US dollar on Friday as Reserve Bank''s fresh measures to alleviate economic distress failed to strike a chord with investors

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar
Business

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar

The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge.

Real estate players want banks to pass on benefit of rate cut to customers; demand one-time debt restructuring
Business

Real estate players want banks to pass on benefit of rate cut to customers; demand one-time debt restructuring

Real Estate sector can act as a catalyst in resurrecting the economy, backed by stringent fiscal and non-fiscal measures," CREDAI President Satish Magar said in a statement.

RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts
Business

RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts

The Reserve Bank of India (RBI) on Friday slashed the benchmark lending rate by 40 basis points to mitigate the impact of COVID-19 crisis.

Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months
Business

Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months

In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.

Sensex pares opening losses to turn positive in early trade, Nifty low; Repo rate cut fails to enthuse markets
Business

Sensex pares opening losses to turn positive in early trade, Nifty low; Repo rate cut fails to enthuse markets

After starting over 250 points lower, the Sensex made a U-turn to rise over 70 points to 31,005.19.

RBI announces calender of MPC meetings for FY21; next meet of rate-setting panel scheduled for 3-5 June
Business

RBI announces calender of MPC meetings for FY21; next meet of rate-setting panel scheduled for 3-5 June

The Reserve Bank of India on Monday announced the calendar of the meetings of the Monetary Policy Committee (MPC) for the current financial year, and decision of the first meet will be announced on 5 June

RBI governor Shaktikanta Das to address media at 10 AM; may announce more liquidity measures
Business

RBI governor Shaktikanta Das to address media at 10 AM; may announce more liquidity measures

The RBI may also clarify if the three-moratorium applies to non-banking finance companies as well.

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers
Business

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers

State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April

RBI likely to cut interest rates by 100 bps in FY21 to support growth, financial stability: Fitch Solutions
Business

RBI likely to cut interest rates by 100 bps in FY21 to support growth, financial stability: Fitch Solutions

The RBI is likely to cut benchmark interest rate by another 100 bps in 2020-21 fiscal and continue to employ all policy tools at its disposal to support growth and financial stability to contain the impact of Covid-19 pandemic on the economy, Fith Solutions said Tuesday

RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move
Business

RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move

Reserve Bank of India (RBI) Governor Shaktikanta Das's announcement of rate cuts, forbearance on loans and liquidity easing measures were welcomed by analysts who said the economy requires stimuli in the present circumstances

Coronavirus Outbreak: GDP likely contract by 4.5% in Apr-Jun quarter; will grow by just 2% in 2020-21, says ICRA
Business

Coronavirus Outbreak: GDP likely contract by 4.5% in Apr-Jun quarter; will grow by just 2% in 2020-21, says ICRA

Despite the Reserve Bank of India's (RBI) massive actions to spur the economy, India's gross domestic product (GDP) is likely to contract by 4.5 percent in the April-June 2020 quarter and will rise by only 2 percent in 2020-21 on the coronavirus impact, according to domestic rating agency ICRA

Coronavirus Outbreak: Nirmala Sitharaman took care of the poor, Shaktikanta Das has taken care of middle class by cutting interest rates
Business

Coronavirus Outbreak: Nirmala Sitharaman took care of the poor, Shaktikanta Das has taken care of middle class by cutting interest rates

RBI Governor Shaktikanta Das in a press conference said these are extraordinary circumstances, and unprecedented measures are required to support the sagging economy as all the economic activities have come to a halt.

RBI rate cut does not enthuse stock market: Sensex slumps over 1,700 points from day's high, Nifty gives up 9,000 mark mid-session
Business

RBI rate cut does not enthuse stock market: Sensex slumps over 1,700 points from day's high, Nifty gives up 9,000 mark mid-session

The RBI announced its steepest interest rate cuts in more than 11 years, slashing the repo to 4.4 per cent - the lowest in at least 15 years.

RBI needs to find room for rate cut to deal with impact of coronavirus: IDFC Mutual Fund report
Business

RBI needs to find room for rate cut to deal with impact of coronavirus: IDFC Mutual Fund report

The RBI needs to find room for more rate cuts to deal with the impact of coronavirus on the economy, says IDFC Mutual Fund report

RBI monetary policy panel likely to slash repo rate for sixth time in a row today to revive slowing economy
Business

RBI monetary policy panel likely to slash repo rate for sixth time in a row today to revive slowing economy

RBI has cut interest rates on every single occasion the multi-member monetary policy committee has met since Das took over as the governor of RBI in last December.

Retail inflation rises sharply to 3.99% in September, but analysts predict a sixth consecutive interest rate cut in December
Business

Retail inflation rises sharply to 3.99% in September, but analysts predict a sixth consecutive interest rate cut in December

India’s retail inflation rose close to the central bank’s medium-term target of 4 percent in September for the first time in 14 months