Tag: repo rate
17 Results
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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 -
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