Search For "bps"
SBI reduces its MCLR, housing loan rates from April 10
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Apr 9 (ANI): Taking a cue from recent policy measures announced by the Reserve Bank of India (RBI), the State Bank of India (SBI) on Tuesday, reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps across all tenors, resulting in MCLR coming down f
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Indian Overseas Bank reduces interest rate on loans by 5 bps
Updated : 7 years, 1 month ago IST
Chennai (Tamil Nadu) [India], Apr 9 (ANI): Taking a cue from recent policy measures announced by Reserve Bank of India (RBI), Indian Overseas Bank reduced its interest rate on loans by 5 basis points for periods of one year and above.
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RBI's repo rate cut largely in consonance with market expectations: SBI Ch
Updated : 7 years, 1 month ago IST
New Delhi [India], Apr 4 (ANI): State Bank of India Chairman Rajnish Kumar on Thursday hailed the RBI monetary policy announced earlier in the day, saying that the decision to cut repo rate by 25 basis points (bps) was largely in consonance with the market.
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Company Fixed Deposits: To perform better than Bank Fixed Deposits in 2019
Updated : 7 years, 2 months ago IST
Pune (Maharashtra) [India] March 5 (ANI): The year 2018 witnessed all developed economies hiking their interest rates. The US Fed hiked it four times, whereas Reserve Bank of India (RBI) increased its policy rates twice. Bank deposit rates have moved in tandem to this increase. Whil
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Smart investment moves for FY 2019-20
Updated : 7 years, 3 months ago IST
Pune (Maharashtra) [India] Feb 19 (ANI): With the new financial year just around the corner, investment planning is at the back of the mind of most individuals. As a rule, your investment returns heavily depend on the economic conditions and the fluctuations in repo rate. It is hence, import
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Bihar govt announces aid for SC/ST civil services aspirants
Updated : 7 years, 9 months ago IST
Patna (Bihar) [India] August 14 (ANI): Bihar Chief Minister Nitish Kumar on Tuesday announced financial aid for Scheduled Caste (SC), Scheduled Tribe (ST), Dalits and Other Backward Class (OBCs) community students who crack Bihar Public Service Commission (BPSC) and Union Public Service Comm
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SBI posts Rs 4,876 crore net loss for Q1
Updated : 7 years, 9 months ago IST
New Delhi (India), Aug 11 (ANI): The State Bank of India (SBI) on Friday posted a net loss of Rs, 4,876 crore in the first quarter ended on June 30, 2018. The bank has also stated that it has kept aside the mark-to-market provision of Rs, 5,900 crores and not used the dispensation provided b
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RBI rate hike a 'win-win' situation for markets, banks
Updated : 7 years, 9 months ago IST
New Delhi [India], Aug 2 (ANI): The Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a "win-win" situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-5 per cent in coming months, suggests the
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Bhim Pathshalas strengthening Dalit movement by imparting education on the
Updated : 8 years, 1 month ago IST
Meerut (Uttar Pradesh) [India], Apr. 17 (ANI): Educating Dalit kids about the history, achievement and struggles of prominent Dalit icons like Dr B.R. Ambedkar and Sant Valmiki, Bhim Pathshalas (BPs), an initiative by the Bhim Army, are quickly gaining prominence in the Indian state of Uttar
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SBI, PNB hike lending rates
Updated : 8 years, 2 months ago IST
New Delhi [India], March 01 (ANI): The Punjab National Bank (PNB) on Thursday increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 15 bps, with immediate effect.
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IHCL aims to spur growth, strengthen market leadership
Updated : 8 years, 3 months ago IST
New Delhi [India], Feb. 17 (ANI): Leading hospitality company in South Asia, Indian Hotels Company Ltd has announced a comprehensive five-year business strategy, targeting an improved EBIDTA margin by 800 bps.
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RBI disappoints by keeping its rates unchanged: FICCI
Updated : 8 years, 7 months ago IST
New Delhi [India], Oct 4 (ANI): Commenting on the monetary policy announced today President FICCI, Pankaj Patel has said that FICCI is disappointed that the MPC has chosen to hold the repo rate and not reduce it. FICCI had sought a 100 bps reduction in interest rate.
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