Repo Rate | The Asian Age

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The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

India is amidst an economic and financial slowdown with minimal support from fiscal policy.

RBI not done with easing, to cut in October and early next year: Report

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.

09 Aug 2019 2:08 PM

Improving transmission remains key to the success of the latest RBI rate cut.

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

08 Aug 2019 12:43 PM

RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.

08 Aug 2019 1:59 AM

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

07 Aug 2019 11:56 AM

The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, is deliberating on the macro-economic situation, and is scheduled to announce its third bi-monthly policy of the ongoing fiscal on Wednesday.

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

06 Aug 2019 5:54 PM

Reserve Bank of India's Monetary Policy Committee (MPC) will meet during August 5 to 7, 2019 for the Third Bi-monthly Monetary Policy Statement for 2019-20.

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

05 Aug 2019 4:50 PM

RBI to cut rates again in August as doves prevail: Report

India is now forecast to grow in the range of 6.3 per cent to 7.2 per cent each quarter through to end-March 2021.

25 Jul 2019 11:48 AM

State Bank of India (SBI) cuts its one year MCLR by 5 bps points to 8.40 per cent.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 Jul 2019 1:21 PM

Acharya said India’s borrowing relative to its output has ranged from 67 per cent to 85 per cent since 2000 and has outpaced many emerging markets including China.

Rise in government borrowing can weigh on corporate sector: Acharya

Acharya is leaving the central bank on Tuesday, six months before the scheduled end of his term in office, citing personal reasons.

23 Jul 2019 9:15 AM

RBI Governor Shaktikanta Das. (Photo: File | PTI)

Das says change in stance as good as additional 25-basis-point rate cut: reports

RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

22 Jul 2019 2:26 PM

RBI Governor Shaktikanta Das said overall the system liquidity is hugely in surplus and if individual banks have liquidity issue, the RBI will provide liquidity support to them. (Photo: File | PTI)

Expect quicker transmission of rate cut by banks: RBI Governor

During this year, RBI reduced the policy rate thrice with an aggregate reduction of 0.75 percentage point in repo rate.

08 Jul 2019 7:49 PM

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.

RBI panel defers reserves report for fourth time

The panel will submit the report after the federal budget in July, the official said.

24 Jun 2019 1:22 PM

The existing framework of lending home loan products following the marginal cost of funds based lending rate (MCLR) will continue along with the new framework, the SBI said. (Photo: File | PTI)

SBI to offer home loans on basis of repo rate

In first week of June RBI had lowered the repo rate to 5.75 per cent.

19 Jun 2019 2:20 PM

Lower lending by non-banking financial companies has weighed on growth in infrastructure and consumption.

RBI may cut rates by another 25 bps in 2019: Fitch Ratings

RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to ‘accommodative’.

18 Jun 2019 8:59 AM

The repo rate is the rate at which commercial banks borrow money from the RBI in case of a shortage of funds and is one of the main tools of the RBI to keep inflation under control. (Photo: AFP)

RBI cuts key rate 0.25 per cent, loans might get cheaper

All the six members of the MPC voted in favour of a rate cut as well as change in policy stance.

07 Jun 2019 2:34 AM

The RBI’s policy must be lauded for giving a much needed boost to affordable housing, though this would be concomitant on the banks passing on the cumulative 75 basis point cut by way of cheaper loans.

RBI’s modest rate cut may not revive growth

The Union Budget scheduled to be presented on July 5 will have to support the affordable housing sector by cutting taxes.

07 Jun 2019 12:02 AM

CREDAI President Satish Magar said the bank rate cut augurs well for the Indian real estate industry and would have a significantly positive impact on industry's revival as well. (Representational Image)

Repo rate cut to boost housing demand if banks pass on benefit to customers: Realtors

RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

06 Jun 2019 6:06 PM

Vasu Ramaswami, COO, Muthoot Fincorp said the latest rate drop should help in improving consumption demand, particularly for the common man, especially once banks decide to pass this rate change to their customers. (Representational Image)

Bankers, finance players hail RBI repo rate cut, hope consumer demand gets a boost

On NBFC crisis, Shaktikanta Das said that RBI is closely monitoring situation and there is ample liquidity in market.

06 Jun 2019 4:41 PM

The unanimous vote reflects the resolve of the monetary policy committee to act decisively and act in time (to address the growth concerns), Reserve Bank governor Shaktikanta Das said. (Photo: File)

Rising growth concerns prompted third rate cut: Shaktikanta Das

MPC announced a 25 bps rate cut in short term lending rate to 5.75 percent, which is the lowest repo rate in nine years.

06 Jun 2019 3:36 PM

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Sunil Gatade