A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
19 Aug 2019 1:14 PM
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
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
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
The economy needs to be pumped up as every sector from automobiles to agriculture is seeing a slowdown.
08 Aug 2019 12:00 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
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
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
Experts see the slowdown of global economic growth and lack of impetus in domestic inflation as reasons for a 25 bps rate cut.
06 Aug 2019 1:12 AM
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
The currency manipulator tag has gained greater focus in the heat and dust of trade wars.
27 Jul 2019 7:59 AM
RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.
26 Jul 2019 1:30 PM
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
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
At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.
20 Jul 2019 10:54 AM
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
Das said the headline Consumer Price Index Inflation (CPI) has evolved broadly along the projected lines.
21 Jun 2019 3:15 AM