The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.
05 Dec 2019 1:34 PM
The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.
05 Dec 2019 12:08 PM
The interest rate will range from 8.25 to 8.65 percent depending on the borrower.
14 Oct 2019 7:35 PM
With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.
02 Oct 2019 2:41 PM
The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.
12 Jun 2019 3:39 PM
Most of the loans including housing loans are benchmarked against MCLR for one year.
13 May 2019 2:38 PM
India’s growth outlook for the fiscal year ended in March was cut to 7.1 pc and 7.2 pc, respectively, from 7.3 pc.
02 Apr 2019 11:11 AM
The rate cut comes a month after Reserve Bank slashed key lending rate by 0.25 percentage points to 6.25 per cent.
05 Mar 2019 6:24 PM
The bank has set the new six month MCLR at 8.50 per cent and two year at 8.70 per cent.
02 Mar 2019 12:29 PM
Depositors, however, need not worry as the banks, in their bid to garner more deposits, are unlikely to cut rates steeply.
08 Feb 2019 6:23 AM
Punjab National Bank also increased its benchmark lending rates or MCLR last week.
11 Oct 2018 5:17 PM
RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.
02 Oct 2018 8:25 AM
Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.
01 Oct 2018 4:41 PM
The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent.
13 Sep 2018 12:40 PM
State Bank of India has increased the lending rate by 20 basis points across all tenors up to three years.
01 Sep 2018 11:19 AM
A weak rupee has also added to the borrowing woes of corporates sourcing funds from the global markets.
24 Aug 2018 3:13 PM
Loans between Rs 30 lakh to Rs 75 lakh will be available at 8.55 per cent for women borrowers and 8.60 per cent for others.
10 Apr 2018 9:23 AM
Reserve Bank in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 per cent.
27 Dec 2017 2:09 PM
Last week, State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.
09 Nov 2017 4:01 PM
In its first cut in 10 months, SBI is offering one-year loans at an interest rate of 7.95 per cent.
02 Nov 2017 1:14 PM