Search For "repo rate"
IOB reduces lending rates for retail segment from Nov 1
Updated : 6 years, 5 months ago IST
Chennai (Tamil Nadu) [India], Oct 10 (ANI): Government-owned Indian Overseas Bank (IOB) on Thursday announced a reduction in its interest rate for the retail segment (housing, vehicle, education and clean loans) as well as micro and small enterprises by 25 basis points.
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Strengthen your investment portfolio by investing in Bajaj Finance Fixed D
Updated : 6 years, 5 months ago IST
Pune (Maharashtra) [India] Oct 09 (ANI/BusinessWire India): The Reserve Bank of India reduced the repo rate by another 25 basis points on October 4, bringing it to 5.15 per cent - it's lowest in nine years.
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Trust deficit among people has led to economic slowdown: Congress
Updated : 6 years, 5 months ago IST
New Delhi (India), Oct 7 (ANI): Expressing concern over the present state of the country's economy, the Congress on Monday accused the Centre of creating a trust deficit because of which the people are not taking credits, eventually leading to slowdown.
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Reduction in repo rate to benefit people, industry: Javadekar
Updated : 6 years, 5 months ago IST
Lucknow (Uttar Pradesh) [India], Oct 5 (ANI): Hailing the Reserve Bank of India's (RBI's) decision to cut repo rate, Union Minister for Information and Broadcasting Prakash Javadekar said on Saturday that the government has asked banks to transmit accruing benefits to loan borrowers.
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Sensex drops 434 points after RBI cuts repo rate and GDP forecast
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year.
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Sensex turns red after RBI lowers GDP forecast to 6.1 pc
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.
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RBI cuts repo rate by 25 basis points to 5.15 pc, reduces growth forecast
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this calendar year to 5.15 per cent from the current 5.4 per cent in a bid to support government measures for boosting economic activity amid benign inflation.
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RBI cuts repo rate by 25 basis points to 5.15 pc to revive growth
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this calendar year to 5.15 per cent from the current 5.4 per cent in a bid to support government measures for boosting economic activity amid benign inflation.
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SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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SBI customers to continue getting 3 pc interest rate in SB accounts with b
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 23 (ANI): To protect the interests of saving bank depositors, State Bank of India (SBI) has decided to not reduce interest rate further and hold it at the existing level of 3 per cent for customers with balances above Rs 1 lakh.
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After SBI, more PSU banks link deposit and loan rates to repo
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 10 (ANI): More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India's (RBI's) repo for facilitating faster transmission after the State Bank of India did so in May.
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Nifty hovers around 11,880, HCL Tech gains over 4 pc post Q1 results
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): Equity indices swung wildly during early trading on Thursday but mostly remained at near-flat levels as the announcement of repo rate cut of 35 basis points by the Reserve Bank India a day earlier failed to cheer investors.
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