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
Executives from across the sector also asked the government to provide incentives to scrap old vehicles.
08 Aug 2019 9:18 AM
On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement said.
07 Aug 2019 7:35 PM
A detailed guideline in this regard will be issued by September-end.
07 Aug 2019 3:00 PM
The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.
07 Aug 2019 2:45 PM
RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
07 Aug 2019 1:46 PM
The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.
07 Aug 2019 1:36 PM
The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.
07 Aug 2019 12:49 PM
The domestic currency was trading at 70.91, down by 10 paise over its last close.
07 Aug 2019 12:44 PM
CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.
07 Aug 2019 12:21 PM
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
Food prices have risen due to lower-than-expected monsoon rains over the past two months.
07 Aug 2019 9:59 AM
India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.
07 Aug 2019 9:02 AM
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
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
05 Aug 2019 8:27 PM
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
Industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of rate cuts.
05 Aug 2019 9:38 AM
A penalty of Rs 50 lakh was imposed by the RBI on the bank.
03 Aug 2019 3:36 PM
Foreclosure charges are part of the fee income for any lender and add to its bottomline.
03 Aug 2019 11:29 AM
The court directed the apex bank to file its affidavit within a period of six weeks on the issue.
02 Aug 2019 9:06 AM