By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.
Equated monthly instalments (EMIs) on retail and small business loans are set to fall as large public-sector banks, including ...
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HDFC Update: HDFC Bank increased interest rates instead of reducing them, taking a loan will become expensive..The Reserve Bank of India (RBI) cut the repo rate by 25 basis points today i.e. on 7 February. After this cut, the new repo ...
The country’s largest private sector lender HDFC Bank has increased its marginal cost of funds based lending rate (MCLR) on ...
The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a ...
Despite the widely expected rate cut to 6.25% and the central bank’s ‘neutral’ stance, investor sentiment remained subdued.
According to various reports, Reserve Bank of India (RBI) might give more relief to the middle class by further cutting ...
India’s stock market continues to reel under pressure despite a repo rate cut by the Reserve Bank of India (RBI) for the ...
Experts say that borrowers with repo rate-linked loans will see an immediate or near-term reduction, while those with MCLR-linked loans may have to wait longer.
Among private sector banks, lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have reported an 18 bps, 8 bps and 29 bps dip in margins, respectively, over the past one year.
The MPC's decision to lower the repo rate by 25 bps aims to support the economy amid global economic challenges.
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