ASSOCHAM president expects RBI to cut interest rate by 25 bps
"The rate cut relief by RBI is not passed on to consumers by either private or public sector banks. This is the biggest problem or the challenge that needs to be addressed," Goenka said.
Dec 05, 2019, 00:00 AM IST
Top private sector banks cut interest rates on deposits by up to 0.25%
Generally, an interest rate cut in deposits is seen as a precursor to a lending rate cut. The moves by lenders including ICICI Bank and Axis Bank come amid easing liquidity conditions and also within days of a rate cut by the Reserve Bank earlier this month.
Jun 18, 2019, 10:16 AM IST
RBI monetary policy review: What to expect from Urjit Patel
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18.
Dec 04, 2017, 10:48 AM IST
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.
Aug 24, 2017, 12:43 PM IST
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.
Feb 05, 2017, 16:05 PM IST
'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.
Feb 05, 2017, 14:35 PM IST
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.
Jan 10, 2017, 14:16 PM IST
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.
Jan 01, 2017, 12:16 PM IST
Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper
Due to continuous pressure on rupee against dollar, prospects for cut in the policy rates by the RBI mabe be adversely affected.
Dec 18, 2016, 11:33 AM IST
Non performing assets not an issue, rate cuts to fetch Rs 2.5 trillion gains: KV Kamath
Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital.
Oct 16, 2016, 13:29 PM IST
'Easing of inflation offers scope for another rate cut this year'
With both retail and wholesale inflation easing, the Reserve Bank may cut policy rates by another 25 basis points this fiscal, India Ratings said.
Oct 16, 2016, 13:24 PM IST
State Bank of India mulls 0.25% interest rate cut
State Bank of India (SBI) Chairperson Arundhati Bhattacharya says a 25 basis points cut in interest rates was in the offing and that an improvement in the financial health of India`s banking sector was closely linked to the overall performance of the economy.
Sep 11, 2016, 15:40 PM IST
2% rate cut by RBI is necessary to boost SMEs, create jobs: Commerce and Industry Minister
Union Minister Nirmala Sitharaman today defended her demand for 2 percent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.
Aug 27, 2016, 17:19 PM IST
Savings shocker: How PPF, small savings rates cut will impact you
The government on Friday slashed interest rates on schemes that investors have been using to build their social security funds
Mar 19, 2016, 10:04 AM IST
RBI likely to slash repo rate by 0.50% in H1 2016: Barclays
India is likely to clock a growth rate of 7.5 percent for the July-September quarter, while the Reserve Bank is expected to go for 0.50 percent cut in interest rate in the first half of next year amid softer inflation, says a Barclays report.
Nov 22, 2015, 18:04 PM IST
Banks not passing rate cut benefit to consumers due to weak balance sheet: Arun Jaitely
Finance Minister Arun Jaitely said that as soon as banks recover from the pressure of loan defaults on balance sheets, they will pass on the benefit of the repo rate cut to consumers
Oct 16, 2015, 14:28 PM IST
RBI likely to go for final 0.25% rate cut in Feb: BofA-ML
According to the global financial services firm, inflation is likely to meet RBI's under 6 per cent January 2016 mandate following which the central bank is likely to go for a final 25 bps rate cut in February.
Oct 04, 2015, 13:15 PM IST
Kotak Mahindra Bank cuts base rate by 0.25 percent to 9.50%
Kotak Mahindra Bank today slashed its base rate by 0.25 percent to 9.50 per cent, effective October 5. The base rate cut has been possible on revisions in the deposit offerings in recent past and the bank will also be cutting its deposit rates marginally
Oct 01, 2015, 16:58 PM IST
Weak inflation gives RBI elbow room to cut rates: Experts
Weak inflation figures in India have provided "elbow room" to the Reserve Bank to lower rates by 25 bps this month, say global brokerages.
Sep 15, 2015, 13:33 PM IST
Falling inflation positive sign, all macro data promising: FM Jaitley
Terming the declining inflation as a "positive sign", Finance Minister Arun Jaitley on Friday said the price situation is under control and all the macroeconomic indicators are extremely encouraging.
Aug 14, 2015, 18:16 PM IST
