ECB cuts deposit rate to (-)0.3%, primes anti-deflation guns
The European Central Bank cut one of its interest rates and promised to unveil more policy measures on Thursday to fight stubbornly low inflation, testing the limits of monetary policy and hoping to bolster its credibility.
Dec 03, 2015, 19:00 PM IST
New guidelines to calculate base rate this week: Rajan
After goading banks, without much success, to pass on full benefits of policy rate cuts to borrowers, Governor Raghuram Rajan Tuesday said the Reserve Bank will this week issue guidelines to determine base rates on a new methodology based on the marginal cost of funds.
Dec 01, 2015, 23:54 PM IST
CREDAI pitches for 0.50% interest rate cut to boost growth
Realtors' body CREDAI Tuesday said RBI should cut key interest rate by 50 basis points to boost housing demand as well as growth of the realty sector.
Dec 01, 2015, 23:25 PM IST
Bankers hint at lowering rates after Raghuram Rajan's push
"As the impact of monetary policy measures taken so far plays out in terms of bank funding costs, lending rates are expected to continue to moderate," Chanda Kochhar, MD and chief executive of ICICI Bank, said in a statement.
Dec 01, 2015, 23:01 PM IST
Banks should fully pass on previous rate cuts: India Inc
With RBI Governor Raghuram Rajan keeping the repo rate unchanged on Tuesday, India Inc Tuesday called upon banks to fully transmit the rate cuts effected so far this year to revive weak rural demand and investments.
Dec 01, 2015, 21:17 PM IST
More room for banks to pass on rate cuts: RBI
RBI Governor Raghuram Rajan Tuesday said that there is more room for rate cut by banks as the lenders on an average have only passed less than half of the 1.25 percent reduction announced during 2015.
Dec 01, 2015, 20:17 PM IST
RBI monetary policy: Raghuram Rajan retains key rates, nudges banks to pass on earlier cuts
Raghuram Rajan said there is more room for rate cut by banks as the lenders on an average have only passed less than half of the 1.25 percent reduction announced so far during 2015.
Dec 01, 2015, 19:42 PM IST
RBI likely to hold rates on Tuesdsay, wait for Budget: Experts
Cautious ahead of the US Fed meeting, RBI is likely to keep its monetary policy steady Tuesday amid lingering concerns over inflation, after having already cut the repo rate by a sharper 50 basis points at its last meet.
Nov 30, 2015, 16:03 PM IST
India's economic growth seen picking up, RBI may hold rates steady
Asia`s third-largest economy likely expanded 7.3 percent in the second quarter of the current financial year 2015/16 that ends in March, compared with 7 percent in April-June, according to analysts polled by Reuters.
Nov 30, 2015, 08:55 AM IST
RBI to cut rates in H2 again on falling inflation: UBS
Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.
Nov 17, 2015, 22:42 PM IST
EPFO likely to announce interest on PF for 2015-16 on November 24
The Employees' Provident Fund Organisation (EPFO) had provided 8.75 percent interest on PF deposits for 2013-14 and 2014-15.
Nov 09, 2015, 07:44 AM IST
Bank of Baroda cuts bulk deposits rates by upto 0.60%
Public-sector lender Bank of Baroda (BOB) has trimmed rate of interest, payable on bulk deposits of Rs 1 crore and above across maturities, by 0.25-0.60 percent.
Nov 04, 2015, 21:11 PM IST
US Fed keeps rates unchanged, sets up possible December hike
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play.
Oct 29, 2015, 00:33 AM IST
Banks free to fix interest rates on gold deposit scheme: RBI
As per the guidelines, banks will be free to set interest rate on such deposit, and principal and interest of the deposit will be denominated in gold.
Oct 22, 2015, 22:41 PM IST
HDFC, Canara Bank, StanChart and others cut lending rate
Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.
Oct 05, 2015, 22:09 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
ICICI Bank, Kotak Mahindra and 6 others cut lending rate
Joining the rate cut bandwagon, as many as eight lenders including ICICI Bank, Kotak Mahindra Bank, Yes Bank and SBBJ reduced their benchmark lending rate by up to 0.35 percent Wednesday, a move which would lower EMIs for home and auto loan borrower.
Oct 01, 2015, 22:49 PM IST
'Reason to be concerned' about global economy: Christine Lagarde
The IMF voiced concern Wednesday about the global economy, weakened by China's slowdown and facing a potential "vicious cycle" from a looming US interest rate hike.
Sep 30, 2015, 23:47 PM IST
RBI's Monetary Policy statement 2015-16: Experts reaction
The following are some of the reactions from industry officials to the fourth bi-monthly Monetary Policy statement 2015-16, made by Reserve Bank of India Governor Raghuram Rajan on Tuesday:
Passing RBI rate cut to borrowers may take 1 or 2 quarters: Official
Passing the Reserve Bank of India`s 50 basis point rate cut by commercial banks to their borrowers may take around one or two quarters, a top official of City Union Bank said on Tuesday.
Sep 29, 2015, 18:37 PM IST
