Rbi Revision Of Interest Rates

The RBI has so far refrained from providing any forecasts on growth or inflation due to the heightened uncertainty and risk of projections having to be revised frequently.

Small savings rates are revised every quarter and if there is no change in the rates, the finance ministry retains the existing rates.

The Reserve Bank of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to project the weakest growth in seven years. The RBI's monetary policy committee led by its Governor Shaktikanta Das voted to hold the repo rate at 5.15 per cent. The central bank lowered its GDP grow...

SBI interest rates: The cut in interest rates comes on the back of RBI's 135 basis points reduction in the repo rate so far this year.

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

SBI or State Bank of India, the country's largest lender by assets, on Wednesday announced a reduction in its benchmark lending rates across all tenors. The bank said its MCLR or marginal cost of funds-based lending rates will be reduced by 15 basis points (0.15 percentage point), and the new rates will take effect on August 10. The move marks the ...

State Bank of India (SBI), the country's largest lender by assets, has reduced its interest rate by 10 basis points or 0.10 per cent on home loans of up to Rs 30 lakh, a move which is likely to provide some respite to home loan borrowers. The revised rates on home loans or housing loans are applicable from Wednesday, April 10, according to a statem...

This move comes after Reserve Bank of India (RBI) slashedits key interest rate by 0.25 per cent to 6 per cent in its second policy review under Governor Shaktikanta Das.

Today's RBI repo rate revision - the second reduction this calendar year - means commercial banks will have more room to pass on the benefit of lower lending rates to loan borrowers.

State Bank of India (SBI), the largest lender of the country, hiked its fixed deposit (FD) interest rates on select maturities with effect from today, the lender said on its website sbi.co.in.

SBI customers can now withdraw only Rs 20,000 as compared to Rs 40,000 earlier from the Classic debit card. The move aims to checking fraudulent transactions. It is in line with RBI's directive on migration to EMV chip-and-pin cards, which protect user data.

Private sector Kotak Bank is of the opinion that since the RBI has revised down its inflation trajectory sharply in the June policy, and given that inflation reading, the central bank has some room to be accommodative.

Non-banking finance company Sundaram Finance on Wednesday announced a revision in its interest rates for deposits up to 36 months with effect from October 16.

The Finance Ministry on Monday said the interest of small savers, especially of senior citizens and the girl child, will be kept in mind while reviewing the deposit rates for schemes in light of falling bank interest rates.

The government will consult the Reserve Bank of India (RBI) before taking a decision on the formation of a proposed interest rate-setting panel, Minister of State for Finance Jayant Sinha told Reuters on Monday.

The RBI has so far refrained from providing any forecasts on growth or inflation due to the heightened uncertainty and risk of projections having to be revised frequently.

Small savings rates are revised every quarter and if there is no change in the rates, the finance ministry retains the existing rates.

The Reserve Bank of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to project the weakest growth in seven years. The RBI's monetary policy committee led by its Governor Shaktikanta Das voted to hold the repo rate at 5.15 per cent. The central bank lowered its GDP grow...

SBI interest rates: The cut in interest rates comes on the back of RBI's 135 basis points reduction in the repo rate so far this year.

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

SBI or State Bank of India, the country's largest lender by assets, on Wednesday announced a reduction in its benchmark lending rates across all tenors. The bank said its MCLR or marginal cost of funds-based lending rates will be reduced by 15 basis points (0.15 percentage point), and the new rates will take effect on August 10. The move marks the ...

State Bank of India (SBI), the country's largest lender by assets, has reduced its interest rate by 10 basis points or 0.10 per cent on home loans of up to Rs 30 lakh, a move which is likely to provide some respite to home loan borrowers. The revised rates on home loans or housing loans are applicable from Wednesday, April 10, according to a statem...

This move comes after Reserve Bank of India (RBI) slashedits key interest rate by 0.25 per cent to 6 per cent in its second policy review under Governor Shaktikanta Das.

Today's RBI repo rate revision - the second reduction this calendar year - means commercial banks will have more room to pass on the benefit of lower lending rates to loan borrowers.

State Bank of India (SBI), the largest lender of the country, hiked its fixed deposit (FD) interest rates on select maturities with effect from today, the lender said on its website sbi.co.in.

SBI customers can now withdraw only Rs 20,000 as compared to Rs 40,000 earlier from the Classic debit card. The move aims to checking fraudulent transactions. It is in line with RBI's directive on migration to EMV chip-and-pin cards, which protect user data.

Private sector Kotak Bank is of the opinion that since the RBI has revised down its inflation trajectory sharply in the June policy, and given that inflation reading, the central bank has some room to be accommodative.

Non-banking finance company Sundaram Finance on Wednesday announced a revision in its interest rates for deposits up to 36 months with effect from October 16.

The Finance Ministry on Monday said the interest of small savers, especially of senior citizens and the girl child, will be kept in mind while reviewing the deposit rates for schemes in light of falling bank interest rates.

The government will consult the Reserve Bank of India (RBI) before taking a decision on the formation of a proposed interest rate-setting panel, Minister of State for Finance Jayant Sinha told Reuters on Monday.