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.
Sep 03, 2017, 12:09 PM IST
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.
Dec 30, 2016, 20:49 PM IST
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.
Nov 20, 2016, 14:27 PM IST
RBI seen cutting rates in first monetary policy statement on April 5
Zee Media Bureau
Mar 27, 2016, 11:32 AM IST
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.
Apr 13, 2015, 20:47 PM IST
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.
Nov 19, 2014, 23:00 PM IST
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.
Sep 02, 2014, 11:32 AM IST
