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Bank rate News

06 Apr 2017

Decision to keep repo rate unchanged will improve financial system: Arundhati Bhattacharya

The RBI policy to keep the repo rate on hold was on expected lines, even though the reverse repo rate was hiked to six percent.

Finance Minister

11 Feb 2017

All finance ministers have perpetual desire for lower rate: FM

Finance Minister Arun Jaitley today said that he expected the RBI to cut interest rate but respect its decision to hold status quo.

11 Feb 2017

RBI Governor nudges banks to reduce lending rates

RBI Governor Urjit Patel today exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its previous repo rate cuts.

05 Feb 2017

RBI likely to maintain status quo on February 8

With banks flush with funds post demonetisation and surging oil prices likely to fuel inflation, the Reserve Bank may refrain from lowering benchmark interest rate at its policy review meet this week.

05 Feb 2017

'RBI should cut rates by 0.75%; ensure banks pass on benefit'

The Reserve Bank should cut interest rate by 0.5-0.75 percent in view of dismal credit growth as well as subdued demand and, along with government, nudge banks to pass them on at a time when demonetisation has led to "windfall gains", an industry body said today.

10 Jan 2017

RBI to go for 0.25% rate cut in 2017: Citigroup

The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood of an easing in April is more than in February, says a Citigroup report.

01 Jan 2017

Large amount of black money has come into banking system, remonetisation progressing well: Arun Jaitley

Talking of the positive outcome of the demonetisation undertaken by government on November 8, 2016, Finance Minister Arun Jaitley said on Sunday that large amount of money, including black money, has come into the banking system.

Monetray policy

06 Dec 2016

Scope for further monetary easing on softer retail inflation: Fitch

Ahead of the monetary policy announcement by RBI, Fitch Ratings today said there is scope for monetary easing in India as retail inflation is holding below the 5 percent target.

05 Nov 2015

RBI includes Bandhan Bank in second schedule list

Reserve Bank on Thursday said that newly launched Bandhan Bank has been included in the second schedule list, making it eligible for loans from the central bank at bank rate.

28 Aug 2015

RBI may cut key rates in Sept review, says Deutsche Bank

The central bank has cut rates thrice by a cumulative 0.75 percent this year.

ICICI lending rates

25 Jun 2015

Home, auto loans to become cheaper as ICICI cuts base rate

Largest private sector lender ICICI Bank on Thursday marginally reduced its base rate to 9.70 percent from 9.75 percent earlier, making its lending rate at par with industry leader SBI and that of HDFC Bank.

10 May 2015

Companies look at banks for funds as bonds become expensive

Bonds rates are expected to firm up further in anticipation that the US Federal Reserve will raise rates.

05 Mar 2015

Banks will surely cut lending rates for borrowers: Sinha

A day after RBI cut the repo rate, the government today said banks will "slowly" but surely will reduce lending rates for borrowers.

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