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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.

24 Aug 2017

BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh

Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.

18 Aug 2017

'After pause in Oct, RBI may deliver final rate cut in Dec'

The note said that inflation risks are being "overdone", and a cool-off in price rise will be one of "compelling factors" that will make the RBI cut rates.

Reserve Bank of India

06 Aug 2017

Lower lending rates likely post RBI policy action: BofAML

Given the Reserve Bank's "dovish" policy move, banks are expected to cut lending rates by 25 basis points, which in turn is expected to push up credit offtake, says a report.

01 Aug 2017

May save Rs 2,000 crore on rate cut: SBI

The SBI on Tuesday said its 50 basis points (bps) rate cut on savings accounts can lead to savings of Rs 2,000 crore over one year in case status quo is maintained and that there won`t be huge outflows due to rate cut.

15 May 2017

Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%

Pureplay mortage player HDFC on Monday followed suit of its rivals and lowered new low-cost home loan prices by 15 bps to 8.35 percent for women borrowers and by 10 bps for men, thereby matching the rates offered by SBI last week and ICICI Bank earlier in the day.

03 Apr 2017

SBI cuts base rate by 15 bps, with effect from April 1

Bringing cheer to customers who have raised loans prior to April 1, 2016, the largest public lender State Bank of India (SBI) cut its base rate by 15 basis points (bps) to 9.10 per cent with effect from April 1, 2017.

Bank of England

02 Feb 2017

Bank of England hikes UK growth forecast; holds rate

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite Brexit storm clouds on the horizon.

05 Jan 2017

Bank of Baroda joins rate cut bandwagon, slashes lending rates by up to 0.75%

Joining the rate cut bandwagon, Bank of Baroda on Thursday lowered its lending rates by up to 0.75 percent -- which will lead to cheaper home and corporate loans.

04 Jan 2017

HDFC Bank joins rate cut bandwagon, cuts lending rates by up to 0.9%

Joining the rate cut bandwagon, HDFC Bank, Wednesday lowered its lending rates by up to 0.9 percent -- which will lead to cheaper home and corporate loans.

14 Dec 2016

November WPI declines to 3.15% as food prices soften

The annual rate of inflation, based on monthly WPI, stood at 3.15 percent (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39 percent (provisional) for the previous month and -2.04 percent during the corresponding month of the previous year.

Monetary Policy Committee

05 Dec 2016

Monetary Policy Committee meeting starts Tuesday; may propose rate cut of 0.25%

The meeting on Tuesday will be the second of the MPC chaired by the Reserve Bank of India Governor Urjit Patel.

29 Nov 2016

Demonetisaion impact: Banks may not cut rate as RBI tightens liquidity through CRR

Faced with a spurt in deposits following demonetisation, banks are unlikely to lower interest rates as the Reserve Bank soaked up additional liquidity in one stroke by imposing 100 percent incremental cash reserve ratio (CRR).

Punjab National Bank

19 Nov 2016

Punjab National Bank slashes deposit rates by upto 0.25%

Flush with funds, Punjab National Bank (PNB) on Saturday trimmed interest rate on fixed deposits by up to 0.25 per cent in line with competition.

15 Nov 2016

Retail, WPI inflation cools; raises hope of RBI rate cut

Softening food prices helped ease retail as well as wholesale inflation in October, raising hopes that RBI may go in for another rate cut in its monetary policy review next month.

15 Nov 2016

WPI inflation eases to 3.39% in October as food prices soften

In the second consecutive month of decline, wholesale inflation eased to 3.39 percent in October as food articles, led by vegetables, witnessed softening of prices. The wholesale price-based inflation, reflecting the annual rate of price rise, in September stood at 3.57 percent. In October 2015, WPI inflation was (-)3.70 percent.

07 Nov 2016

RBI likely to cut policy rates in February, April, not in December: BofA-ML

The Reserve Bank is expected to maintain a status quo in the upcoming December meet and will go for a 25 bps rate cut each in its February and April policy review meeting, says a Bank of America Merrill Lynch report.

05 Nov 2016

BoB cuts MCLR rate by 10 bps across tenors

State-owned Bank of Baroda on Saturday reduced the marginal cost of fund (MCLR) based interest rates by 0.10 percentage point across different tenors with effect from November 7.

03 Nov 2016

HDFC, ICICI Bank cut home loan rate by 0.15%; other lenders may follow

Setting up a tempo for other lenders to follow, HDFC and private sector lender ICICI Bank on Thursday cut home loan rate by 0.15 percent.

31 Oct 2016

Indian economy well-prepared for any risk in case of US Fed rate hike: Report

According to the global financial services major, expectations that the US Fed might normalise rates in December have been rising and the resultant risks of a stronger dollar accompanied by a rise in rates are under watch.

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