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
RBI impact: Banks cut interest rates; loans to turn cheaper
A number of banks including state-run PNB, IDBI Bank and Bank of Baroda, as also private sector lender Axis Bank Wednesday lowered lending rates -- a day after RBI surprised with a larger-than-expected policy rate cut and prodded banks to pass on the benefits.
Sep 30, 2015, 21:22 PM IST
Rate cut good; action on multiple fronts needed to push GDP: CEA
The 0.50 percent cut in interest rate by RBI is welcome and will bring down the cost of funds but action on multiple fronts would be needed to promote economic growth, Chief Economic Advisor Arvind Subramanian said here Wednesday.
Sep 30, 2015, 15:21 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
Raghuram Rajan's rate call to decide the market this week
All eyes are now on the Reserve Bank's monetary policy review on September 29 as the stance taken by its chief Raghuram Rajan will determine the broader trajectory of the market.
Sep 27, 2015, 11:51 AM IST
Common sense says RBI should cut interest rates: Arun Jaitley
Days before Reserve Bank Governor Raghuram Rajan unveils his bi-monthly monetary policy, Finance Minister Arun Jaitley Monday asserted common sense says the interest rates should come down.
Sep 21, 2015, 21:24 PM IST
RBI may cut rate by 0.25% on September 29: Report
With inflation figures continuing to reflect benign environment, the RBI is likely to go for a 25 basis points rate cut while announcing its bimonthly monetary policy on September 29, a report said Monday.
Sep 21, 2015, 16:34 PM IST
'Easing inflation makes strong case for RBI rate cut'
Retail inflation at 3.7 percent in August is much lower than RBI's guided path target by January and there is a room for at least 25 basis points repo rate cut during the policy meet later this month, Ind-Ra said Tuesday.
Sep 15, 2015, 22:24 PM IST
Sensex rebounds 246 points on rate cut hopes to end at 2-week high
Buoyed by renewed hopes of a policy rate cut, the BSE Sensex Monday made a spirited comeback, gaining over 246 points to close at 25,856.70 .
Sep 14, 2015, 17:00 PM IST
Jayant Sinha pitches for lower rates, making exports more competitive
He also stressed on the need to make the Indian exports more competitive by bringing down the cost of capital as also the cost of manufacturing.
Sep 13, 2015, 13:16 PM IST
IIP July output grows 4.2%; India Inc pitches for rate cut
With industrial output growing at 4.2 percent in July, India Inc Friday said it indicates a revival in industrial activity and reiterated the demand for a rate cut by the RBI to provide a fillip to industrial growth.
Sep 11, 2015, 23:09 PM IST
RBI likely to cut rate on falling inflation: Moody's
Reserve Bank is likely to cut interest rate as the wholesale price-based inflation is expected to decline further to 4.3 percent in August, Moody's Analytics said Friday.
Sep 11, 2015, 18:45 PM IST
Slower-than-expected April-June growth boosts rate cut calls
Many government officials in New Delhi had been talking of taking the baton of global growth in the wake of a deepening economic crisis in China.
Sep 01, 2015, 09:03 AM IST
Post GDP data, India Inc presses for cheaper capital
With economic growth slowing to 7 percent in the April-June quarter, India Inc said on Monday the subdued performance indicates that the cost of capital needs to come down, demanding a rate cut by RBI.
Aug 31, 2015, 22:55 PM IST
HDFC Bank cuts base rate by 0.35% to 9.35%; lowest in industry
After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.
Aug 31, 2015, 19:21 PM IST
HDFC Bank slashes base rate by 0.35%, loans to be cheaper
Private sector HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper.
Aug 31, 2015, 16:56 PM IST
RBI Guv Raghuram Rajan hints at rate cut in September
RBI Governor Raghuram Rajan has hinted that the central bank could go for a rate cut during its monetary policy review in September.
Aug 29, 2015, 12:03 PM IST
'RBI more likely to cut rates in September, GDP growth steady'
There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.
Aug 28, 2015, 13:25 PM IST
Video: China cuts rates, adds fuel to European stock
China stocks crashed for the second day on Tuesday prompting the central bank of the world's second largest economy to cut the reserve requirement ratio and key interest rates.
Aug 25, 2015, 18:52 PM IST
