Search For "rate cut"
Lowering of interest rates need of the hour :FICCI
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan. 2(ANI): Commenting on the lending rate cuts announced by banks such as SBI, Union Bank of India and IDBI, FICCI on Monday said lowering of interest rate is the need of the hour.
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After SBI, PNB and UBI cut base lending rate by up to 90 basis points
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 2 (ANI): A day after Prime Minister Narendra Modi asked banks to prioritize their lending towards the poor and middle class, the country's top PSU lenders such as the State Bank, PNB and Union Bank announced a rate cut in their benchmark lending rates by up to 90
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SBI cuts benchmark lending rate by 90 bps
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 1 (ANI): The State Bank of India (SBI) after experiencing a surge in deposits on Sunday announced a rate cut in lending rates by 90 basis points for maturities ranging from overnight to three-year tenure.
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EPF rate cut is 'injustice' to working class, says NCP
Updated : 8 years, 6 months ago IST
Mumbai/ New Delhi [India], Dec. 20 (ANI): The Nationalist Congress Party (NCP) on Tuesday cornered the government over the decision to lower the interest rate on provident fund deposits and accused the ruling dispensation of helping big organisations while 'troubling' the lower inc
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Govt. benefiting rich, troubling poor: Cong on EPF rate cut
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec. 20 (ANI): Coming down heavily on the Centre for the decision to cut down the interest rate of Employee Provident Fund (EPF), the Congress on Tuesday said the government is cheating the common people, adding that this move has been taken to benefit the rich and trouble
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EPF interest rate cut down to 8.65 pct in workers interest: Dattatreya
Updated : 8 years, 6 months ago IST
Bengaluru (Karnataka) [India], Dec. 19(ANI): Union Labour Minister Bandaru Dattatreya on Monday said that the government has fixed 8.65 percent interest on Employee Provident Fund (EPF) deposits, adding this is the best rate that can be fixed in the present economic scenario.
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RBI to announce maiden policy review post-demonetisation today
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec. 7 (ANI): The Reserve Bank of India (RBI) will announce monetary policy review today, the first after demonetization of old 500 and 1000 rupees notes, amid expectations of interest rate cut.
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MPC likely to propose 0.25 percent rate cut
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 6 (ANI): The meeting of the six-member Monetary Policy Committee (MPC) will begin today amid widespread expectations of at least 0.25 percent rate cut in policy rates to cushion the impact of demonetisation.
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Inflation below RBI's 2017 target, room for rate cut, says HSBC
Updated : 8 years, 6 months ago IST
New Delhi [India], Oct 4 (ANI): The inflation is likely to remain below the RBI's early 2017 target of five percent for the next 12 months, as per the latest HSBC report.
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