Attention loan borrowers! Will RBI again hike rates in December? Here's what experts predict
After four hikes, the RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting increase in May.
Nov 28, 2022, 11:47 AM IST
Banks hike MCLRs, repo-linked lending rates post RBI rate action
The one-year tenor MCLR is the rate against which most of the consumer loans are tied to.
Oct 17, 2022, 20:32 PM IST
Govt hikes interest rates on small savings schemes; Check details
The government raised the interest rate for the Senior Citizen Savings Scheme by 20 basis points (bps), or from 7.4 to 7.6, and for the Monthly Income Account Scheme by 10 bps, or from 6.6 to 6.7. The interest rate of other schemes like the Public Provident Fund (PPF), Saving deposit scheme, National saving certificate, and Sukanya Samriddhi Yojana remained unchanged.
Oct 02, 2022, 16:05 PM IST
SBI increases lending rate by 50 basis points post RBI's repo rate hike; Axis bank also raises interest rates on FDs
SBI has announced to hike lending rate by 50 basis points after RBI increased repo rate on Friday to 5.90%. Joining the league, Axis bank has also increased interest rates on FDs under Rs 2 crore.
Oct 02, 2022, 10:08 AM IST
RBI slashes India's growth forecast to 7% from 7.2% amid aggressive monetary policy tightening globally
Real GDP growth in the first quarter of the current fiscal was 13.5%. Das, however, cautioned that there is a third wave of shock globally triggered by aggressive monetary policy tightening to curb inflation.
Sep 30, 2022, 12:58 PM IST
RBI keeps inflation projection for FY23 to 6.7%
RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For third quarter, inflation is estimated at 6.5 per cent and further down to 5.8 per cent in March quarter with risks evenly balanced, the governor said.
Sep 30, 2022, 12:48 PM IST
RBI planning to adopt 'expected loss' approach for banks' loan provisioning
RBI Governor said the approach to make provisions or set aside money on the probable losses is a globally accepted prudent norm. At present, larger non-bank lenders have already been using the expected loss approach for provisioning since 2018.
Sep 30, 2022, 12:33 PM IST
RBI Monetary Policy 30 September 2022: Bad news for loan borrowers, RBI hikes repo rates by 50 basis points to 5.90%
The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das started deliberations on the bi-monthly policy review on Wednesday.
Sep 30, 2022, 10:09 AM IST
RBI Monetary Policy 30 September 2022: Will loan rates get more expensive? Big decision coming today
The experts also point out that the rate revision by the US Federal Reserve and the central banks of many other countries have taken an aggressive stance on the rate revision.
Sep 30, 2022, 07:43 AM IST
PNB increases MCLR by 0.05 from September 1, making consumer loans costlier; Check new rates
The benchmark one-year tenor MCLR will be at 7.70 % from 7.65 %. It is to be noted that one-year tenor MCLR has been used to price most customer loans such as car, auto and personal loans.
Aug 31, 2022, 19:10 PM IST
ICICI, PNB Bank shock customers, as loans get costlier after RBI repo rate hike
RBI hiked repo rate by 0.50 basis point to 5.40% on Friday to control runaway inflation and defend sliding rupee.
Aug 06, 2022, 18:28 PM IST
RBI adopts aggressive stance on inflation; more rate hikes on cards : Experts
The Reserve Bank adopted an aggressive stance on inflation and may go in for more hikes in the benchmark interest rate in coming months.
Aug 05, 2022, 16:41 PM IST
RBI increases repo rate by 50 basis points to 5.40%: Check out why
RBI hiked the repo rate by 50 basis points in the latest MPC meeting to stop runaway inflation and defend the rupee.
Aug 05, 2022, 13:57 PM IST
BREAKING: RBI Monetary Policy -- Bad news for loan borrowers, RBI hikes repo rates by 50 basis points to 5.40%
The RBI Monetary Policy Committee led by Governor Shaktikanta Das hiked Repo Rate by by 50 basis points to 5.40 percent on Friday.
Aug 05, 2022, 10:11 AM IST
RBI Monetary Policy: Will loan rates get more expensive? Big decision coming today
While the hike in policy interest rates is almost certain, analysts and economists have different opinions on the extent of the rate hike. It varies between 25 basis points to 50 basis points.
Aug 05, 2022, 08:19 AM IST
RBI Monetary Policy: Bad news for loan borrowers, RBI hikes repo rates again
Last month, the Reserve Bank of India took an unscheduled decision thereby increasing the repo rates by 40 bps to 4.40 percent, taking everyone off-guard. This was the first increase in the policy repo rate in nearly two years.
Jun 08, 2022, 10:06 AM IST
RBI Monetary Policy: Will loan borrowers get respite? Big decision coming today
The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das started deliberations on the bi-monthly policy review on Monday, while the outcome of the meeting will be announced today.
Jun 08, 2022, 07:50 AM IST
RBI to go fast with rate hikes in 2022, slow the next: Poll
A new Reuters poll of economists pointed out that the Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle.
Jun 02, 2022, 13:04 PM IST
RBI not 'behind the curve' in hiking rate to tackle inflation: MPC member Ashima Goyal
The RBI has recently increased repo rate by 40 basis points.
May 15, 2022, 12:34 PM IST
RBI could hike repo rate by another 1% in FY23: Report
Crisil said price rise is getting broad-based, and the Reserve Bank is likely to respond with rate hikes of up to 1 percentage point in FY23.
May 12, 2022, 21:05 PM IST
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