Tag: repo rate
17 Results
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RBI maintains accommodative stance; keeps repo rate unchanged, reverse repo rate at 3.35%
RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
December 4, 2020 -
Sensex, Nifty ends higher after RBI keeps repo rate unchanged; Tata Steel, Infosys among top gainers
Among the individual stocks, Tata Steel was the top gainer on the BSE, rising around 4 per cent.
August 6, 2020 -
RBI leaves repo rate, reverse repo rate unchanged; extends loan restructuring to corporates
The Monetary Policy Committee (MPC), headed by the Governor Shaktikanta Das, also decided to keep the reverse repo rate at 3.35 per cent.
August 6, 2020 -
RBI likely to leave repo rate unchanged in Aug policy meet: Report
The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.
July 31, 2020 -
Economy showing signs of getting back to normalcy, but medium term outlook still uncertain: RBI Guv
Shaktikanta Das added that COVID-19 pandemic perhaps represents so far the biggest test of robustness and resilience of our economic and financial system.
July 11, 2020 -
Union Bank of India cuts its EBLR by 40 bps for personal, retail and MSME loans
The latest cuts come after RBI, last week, had reduced repo rate by 40 basis points to 4 per cent from 4.40 per cent.
May 30, 2020 -
Inflation outlook highly uncertain due to COVID-19, may ease in second half: RBI Guv Das
Das said government revenues have been impacted severely due to the slowdown in economic activity amid the pandemic.
May 22, 2020 -
RBI unleashes more firepower; loans to get cheaper as repo rate cut to 4%, moratorium extended for 3 more months
Shaktikanta Das further informed that the GDP growth in 2020-21 is expected to remain in the negative category with some pick up in second half.
May 22, 2020 -
RBI cuts lending rates by 40 bps; extends loan moratorium by 3 more months till August
The RBI Governor Shaktikanta Das announced that the Monetary Policy Committee of the central bank voted with to reduce the key-repo-rate to 4 per cent from 4.40 per cent.
May 22, 2020 -
Will ‘greatly improve credit supply, help poor’: PM Modi lauds RBI measures to combat COVID-19
Amid the crisis, the RBI has slashed the reverse repo rate by 25 basis points to 3.75 per cent from 4 per cent due to the Coronavirus-related economic challenges.
April 17, 2020 -
IMF projects India to grow at 1.9%, highest among G20; turnaround of 7.4% expected in 2020-21: RBI
Shaktikanta Das said, at a time when the humanity is facing the trial of its time, as COVID-19 has gripped the world with its deadly embrace, the Reserve Bank of India has been very proactive and monitoring the situation closely.
April 17, 2020 -
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