Repo Rate | The Asian Age

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Banks including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points. (Representational image)

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 7:03 PM

The cut in MCLR follows a 25 bps reduction in repo rate by the RBI last week.

SBI lowers rates on non-repo-linked loans by 10 bps

The rate reduction is not applicable to the repo-linked loans.

09 Oct 2019 10:46 AM

The repo rate cut is aimed at pushing consumption up during the ongoing festival season by reducing borrowing costs for home and auto loans, which are now directly linked to this benchmark.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

04 Oct 2019 4:11 PM

This further reduction of repo rate will not only bring down the lending rates but also incentivise investment and boost consumption, said Surendra Hiranandani, CMD, House of Hiranandani. (Representational Image)

India Inc welcomes RBI move; says rate cut will spur growth

The industry emphasised that it was now critical for banks to facilitate a faster transmission of rate cuts.

04 Oct 2019 3:51 PM

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

04 Oct 2019 12:08 PM

Experts and industry feel low inflation provides enough headroom for the RBI to further lower the policy rate, especially when festive season has just started.

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

03 Oct 2019 5:50 PM

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.

India central bank set to cut rates again as fiscal measures fail to cheer

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

Earlier, the RBI Governor Shaktikanta Das had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy. (Photo: File | AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.

29 Sep 2019 4:33 PM

Several banks, including State Bank of India, have already announced to link their loan products with external benchmarks from next month.

Indian Bank to link retail, MSME loans to RBI's repo rate from Oct 1

The RBI has mandated all banks to link their loans with external benchmarks, such as repo

26 Sep 2019 9:08 AM

Government will require to scale back expenditure in the second half of the year to keep the overall deficit near 3.5-3.6 per cent of GDP. (Photo: AFP)

DBS expects modest rate cut at RBI's MPC meeting in October

RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.

23 Sep 2019 3:12 PM

Bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole.

SBI to adopt repo rate as external benchmark for all floating rate loans

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

23 Sep 2019 11:05 AM

There is a whole bunch of things that the finance minister just announced. There will be more. Of course, there is a Budget in few months from now where bigger and more clear vision for next few years will be unveiled," said Principal Economic Adviser Sanjeev Sanyal. (Photo: File)

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.

18 Sep 2019 12:42 PM

The move comes after RBI has mandated banks to shift all retail lending to floating rates that will be determined by external benchmarks like the repo rate.

SBI to move RBI to offer fixed-floating rate home-loans: Chairman

Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.

16 Sep 2019 9:54 AM

India's industrial production growth slowed to 4.3 per cent in July, dragged mainly by manufacturing sector's poor show. (Photo: AFP)

RBI likely to go for further policy easing in Oct 4 meet

The central bank has already reduced the key policy rate four times in the current calendar year

13 Sep 2019 1:38 PM

The banks have also been asked to reset the interest rate under external benchmark at least once in three months.

RBI makes mandatory for banks to link retail loans with external benchmarks

A move aimed at ensuring faster transmission of policy rate cuts to borrowers.

05 Sep 2019 10:49 AM

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10.

IDBI Bank launches repo-linked home, auto loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.

30 Aug 2019 3:26 PM

Reserve Bank of India had slashed repo rate by 110 basis points so far this year, to 5.40 per cent.

Rate cuts not enough to re-fire damp India housing market: Report

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.

28 Aug 2019 12:03 PM

The bank is passing interest rate benefits directly to the customers and it will make the retail loans cheaper.

Bank of Maharashtra to link retail loans with repo rate

The bank has already linked the housing loan interest rate with repo rate.

26 Aug 2019 11:11 AM

RBI Governor Shaktikanta Das recently asked all banks to link their interest rate with repo for faster transmission of the central bank's policy actions.

RBI minutes to cap yields; revives expectations for further policy easing

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

22 Aug 2019 11:55 AM

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest rates: SBI report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM

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Dilip Cherian