11 March 2020, Wednesday
The Reserve Bank of India in an announcement on 4th October, 2019, mentioned a cut in the Repo Rate. ...
Wednesday, February 12, 2020, 12:57 PM
For most out-of-town students, the last few days of the month are rather trying. They rely on a combination of hostel loans and credits at the messing facilities to tide over the month-end cash crunch. North Block appears to be relying lately on similar arrangements with the central bank to tide over its own cash-flow mismatches.
28 January 2020, Tuesday
Reserve Bank of India is the Central bank of the country. It regulates the entire banking sector in ...
Tuesday, December 31, 2019, 12:36 PM
SBI, the country's largest lender, on Monday cut its lending rates linked to the central bank's repo rate by 25 basis points (bps) to 7.8%, lowering borrowing costs for small businesses and homebuyers. The new rate, SBI said, will be applicable from 1 January. "New homebuyers will get loans at an interest rate starting from 7.90%. (previously at 8.15%)," SBI said in a statement.
05 December 2019, Thursday
RBI has finally hit the pause button on repo rate cuts. After five rate cuts in a row, the Reserve B ...
Thursday, December 5, 2019, 12:51 PM
The Reserve Bank of India (RBI) released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee(MPC), led by Governor Shaktikanta Das, decided to keep the policy repo rate unchanged at 5.15%. In 2019, the RBI has cut repo rate by 135 basis points so far to a nine-year low of 5.15%. Analysts were expecting another 25 basis points cut.
Friday, October 4, 2019, 12:00 PM
The Reserve Bank of India (RBI) today cut its benchmark interest rates (repo rate) for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%.
Thursday, October 3, 2019, 10:58 AM
The RBI is expected to cut benchmark interest rates for the fifth-time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25bps to 5.15%, which would take cumulative cuts so far this year to 135bps.
Tuesday, October 1, 2019, 11:58 AM
Union Bank of India and Bank of Maharashtra on Tuesday introduced repo rate linked floating rate loans for the retail and micro & small enterprise (MSME) segments. Union Bank, in a statement, said it has fixed the External Benchmark Lending Rate (EBLR), which is linked to the repo rate, at 8.25 percent as on October 1, 2019.
Monday, September 30, 2019, 11:55 AM
Borrowers could be paying less on their mortgages as banks shift to a new system of linking such loans this week to benchmarks prescribed by the central bank. That may result in lowering the cost of funding by as much as 30 basis points in some cases, experts said. A basis point is 0.01 percentage point.
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