The rate reduction is not applicable to the repo-linked loans.
09 Oct 2019 10:46 AM
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
The industry emphasised that it was now critical for banks to facilitate a faster transmission of rate cuts.
04 Oct 2019 3:51 PM
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
RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.
03 Oct 2019 5:50 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
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
The RBI has mandated all banks to link their loans with external benchmarks, such as repo
26 Sep 2019 9:08 AM
RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.
23 Sep 2019 3:12 PM
The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.
23 Sep 2019 11:05 AM
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
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
The central bank has already reduced the key policy rate four times in the current calendar year
13 Sep 2019 1:38 PM
A move aimed at ensuring faster transmission of policy rate cuts to borrowers.
05 Sep 2019 10:49 AM
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
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 has already linked the housing loan interest rate with repo rate.
26 Aug 2019 11:11 AM
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
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
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