Tag: repo rate
17 Results
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Union Bank Of India reduces EBLR by 75 bps for individual, small and medium borrowers
The reduced EBLR will come into effect from April 1 onwards.
March 30, 2020 -
Bank of Baroda cuts repo rate by 75 bps for personal, retail and MSME loans
The revised rate will be applicable on personal, retail and MSME loans and its will come into effect from March 28.
March 30, 2020 -
RBI slashes repo rate by 75 bps to 4.4% to combat COVID-19 impact, says Indian banks ‘safe’
In a major announcement, the RBI has said that all banks, lending institutions may allow a three-month moratorium on all loans.
March 27, 2020 -
RBI working on unconventional policies to combat coronavirus impact on economy: Reports
The federal bank’s statement came a day after the leading global bankers pledged to take appropriate action to support the economy.
March 4, 2020 -
Bank of India reduces six-month MCLR by 10 basis points
The move came a day after the Reserve Bank of India’s monetary policy committee (MPC) kept repo rate unchanged at 5.15 percent.
February 8, 2020 -
RBI keeps repo rate unchanged at 5.15% in last monetary policy for FY20 amid slowdown
Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.
February 6, 2020 -
RBI keeps forecasts growth at 6%, keeps repo rate unchanged at 5.15%
The Reserve Bank of India (RBI) also pegged country’s GDP growth for 2020-21 at 6 per cent.
February 6, 2020 -
RBI keeps repo rate unchanged at 5.15% in surprise move, cuts GDP forecast to 5%
The RBI's fifth policy statement of the current financial year comes at a time when the GDP growth rate has slipped to a six-year low for the September quarter.
December 5, 2019 -
SBI to slash interest rates on saving accounts, will come in effect from Nov 1
Saving bank holders will get 3.25 per cent interest instead of 3.5 per cent.
October 31, 2019 -
RBI slashes repo rate by 25 basis points to 5.15%; loans to get cheaper
The RBI's monetary policy committee (MPC) in its fourth policy review of the current fiscal also revised the GDP outlook for FY2019-20 to 6.1 per cent from the previous 6.9 per cent.
October 4, 2019 -
For the fifth time this year, SBI cuts interest rates on home loans, fixed deposits
SBI will have a one-year reset clause on floating rate home loans that are typically linked to its one-year MCLR. If you are an existing home loan customer of SBI, the latest cut of 10 basis points in MCLR may not lower your home loans interest rate or EMIs immediately.
September 9, 2019 -
IDBI Bank introduces repo-rate related loans
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
August 30, 2019 -
Cut and Cure?
Meanwhile, one can only hope that the massive loss of jobs in the automotive sector will move Modi 2 to accepting the plight of the economy because the farm sector job losses certainly did not.
August 13, 2019 -
Loans to get cheaper as RBI cuts repo rate by 35 bps to 5.4%; GDP growth rate down at 6.9%
This is the fourth reduction in repo rate during 2019.
August 7, 2019 -
Home, auto loans to get cheaper as RBI cuts repo rate by 25 basis points to 5.75%
Amid reluctance by banks to pass on the benefits of lower lending rate, RBI Governor Shaktikanta Das on Thursday said the central bank would make sure that transmission of reduced repo rate would be faster and higher.
June 6, 2019 -
Will continue to lower tax rates if voted to power: Arun Jaitley after RBI’s big interest rate cut
The minister said that over the last 5 years the government did not increase tax rates, and in some cases doubled tax base and increased tax collection.
April 5, 2019 -
RBI cuts key interest rate by 25 basis points to 6%, loan EMIs likely to get cheaper
This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
April 4, 2019