RBI raises lending limit for MFIs
The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.
Apr 07, 2015, 21:26 PM IST
SBI cuts lending rate by 0.15%, effective April 10
Nudged by RBI, country's biggest bank SBI Tuesday cut base lending rate by 0.15 percentage point to 9.85 percent, becoming the first major lender to ease the rate in many months.
Apr 07, 2015, 19:09 PM IST
Indian banks late in passing on lending rate cuts: IMF
With banks resisting passing on RBI's interest rate cuts to consumers, the IMF Wednesday said lenders in India are rather quicker in responding to the central bank's monetary tightening measures.
Mar 11, 2015, 21:32 PM IST
Banks will surely cut lending rates for borrowers: Sinha
A day after RBI cut the repo rate, the government today said banks will "slowly" but surely will reduce lending rates for borrowers.
Mar 05, 2015, 20:55 PM IST
Bankers hint at lowering lending rates
After RBI's second surprise rate cut in as many months, bankers on Wednesday hinted at lowering lending rates, but stressed monetary policy gets transmitted with a lag.
Mar 04, 2015, 19:48 PM IST
India's services growth picks up pace in January
Growth among India`s services firms picked up pace in January as burgeoning order books boosted confidence, suggesting further expansion this month, a business survey showed on Wednesday.
Feb 04, 2015, 11:38 AM IST
RBI norms to affect bank's pricing power: Moody's
The Reserve Bank of India`s (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody`s Investor Services said Monday.
Jan 26, 2015, 15:31 PM IST
RBI asks banks to review minimum lending rate every quarter
The direction comes soon after Reserve Bank cut repo rate by 0.25 percent, the first reduction in 20 months, to boost credit and economic growth.
Jan 19, 2015, 22:25 PM IST
RBI rate cut: UBI, Union Bank slash rates, others likely to follow soon
Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 percent and 0.5 percent respectively, while other banks including market leader SBI have indicated that they would follow suit.
Jan 15, 2015, 16:19 PM IST
RBI asks FinMin to review priority lending norms
Reserve Bank has asked the Finance Ministry for a review of priority sector lending norms which the foreign banks find difficult to follow under the wholly-owned subsidiary model.
Dec 11, 2014, 21:33 PM IST
Lending rates can be cut when credit picks up: SBI
State Bank of India chief Arundhati Bhattacharya Tuesday said the cut in lending rates can only happen when credit picks up.
Dec 09, 2014, 22:10 PM IST
'Take in account credit info reports in lending decisions'
RBI on Friday asked banks and other financial institutions to take into account 'credit information reports (CIRs)' from one or more agencies in all lending decisions and account opening.
Jun 27, 2014, 22:18 PM IST
