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Bank rates News

Bank of America Merrill Lynch

03 Sep 2017

Lending rate cuts key to economic revival: BofAML

Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to accelerate reforms momentum, says a report.

30 Dec 2016

IDBI Bank reduces MCLR for various tenors

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.

20 Nov 2016

Demonetisation: Liquidity to stay, interest rates may fall further

Additional liquidity that is coming into the banking system following demonetisation will not go away in a "hurry" and may pull down interest rates further, the country's largest lender SBI said.

27 Mar 2016

RBI seen cutting rates in first monetary policy statement on April 5

Sundaram BNP Paribas

13 Apr 2015

Sundaram BNP Paribas slashes home loan rates

Sundaram BNP Paribas Home Finance on Monday announced a 20-basis point cut in its interest rates to 9.95 percent from the earlier 10.15 percent.

19 Nov 2014

Banks' similar interest rates come under CCI scanner

As it suspects a possible unfair practice by banks with almost similar interest rates, the Competition Commission plans to examine whether lenders are operating as a cartel in fixing the rates.

Reserve Bank of Australia

02 Sep 2014

Australia`s central bank keeps rates at 2.5%

The Reserve Bank of Australia said it was prudent to maintain a "period of stability in interest rates" to support demand and growth in the economy as it shifts away from a dependence on mining.

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