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Home > interest rate
interest rate
Reserve Bank governor Shaktikanta Das pointed towards a line in the monetary policy committee resolution, which makes it "explicitly" clear that there is a scope for further rate cuts. (Photo: File)
We can't keep on slashing policy rates every time: Shaktikanta Das
05 Dec 2019 1:32 PM

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture, the RBI said in its fifth bi-monthly monetary policy for this fiscal.
Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent
05 Dec 2019 12:09 PM

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

The gross domestic product numbers released on Friday showed government spending helping to prop up weak demand.
RBI may go for sixth repo rate cut to boost economy
03 Dec 2019 2:08 PM

The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.

The new deposit rates will also be effective from November 10.
SBI steeply slashes deposit rates; lowers lending rates marginally
08 Nov 2019 11:45 AM

This is the seventh consecutive cut in lending rates by the bank this fiscal.

The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower.
RBI may cut rates in December: report
24 Oct 2019 1:10 PM

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

The other tenors from overnight to six-months have been slashed by equal measure in the range of 8.05-8.30 per cent.
Bank of Maharashtra cuts MCLR by 0.10 per cent
10 Oct 2019 1:37 PM

Base rate has been kept unchanged at 9.50 per cent per annum.

The cut in MCLR follows a 25 bps reduction in repo rate by the RBI last week.
SBI lowers rates on non-repo-linked loans by 10 bps
09 Oct 2019 10:47 AM

The rate reduction is not applicable to the repo-linked loans.

At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate.
PF interest not credited? Know when you will get it
19 Sep 2019 12:25 PM

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

The proposal was sent for the concurrence of the finance ministry.
Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister
17 Sep 2019 1:44 PM

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

The move comes after RBI has mandated banks to shift all retail lending to floating rates that will be determined by external benchmarks like the repo rate.
SBI to move RBI to offer fixed-floating rate home-loans: Chairman
16 Sep 2019 9:55 AM

Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.

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