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RBI hikes interest rates unexpectedly to stem inflation 29 January 2014
The Reserve Bank of India (RBI) on Tuesday increased the Repo Rate from 7.75% to 8 by a margin of 0.25% in the policy meeting. This is third hike from the new governor of RBI Raghuram Rajan ever since he...
Keywords: Repo Rate, Repo Rates, Repo Rates, home loans and car loans
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Government Hikes EPF Interest Rate To 8.65% 21 February 2019
Government Hikes EPF Interest Rate To 8.65%:- EPFO decided to increase the PF interest rate to 8.65% on the PF deposits which was 8.55% last year. This will be applicable to 6 crore subscribers in the country. Labour Minister Santosh...
Keywords: EPFO, EPF rate of interest, EPFO, EPF news
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Indian Banks Hike Rates to Lure NRI Deposits 22 December 2011
Interest rates paid by Indian banks on NRE savings, term deposits and ordinary non-resident (NRO) savings accounts were deregulated by RBI. As stated by Central Bank, rates on non-resident deposits cannot go higher than the rates paid on term deposits...
Keywords: non-resident deposit rates, City Union Bank deregulation asset-liability committee, Non-resident (External) Rupee, mid-size private banks
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RBI Governor says Inflation "quite high" 16 November 2012
Amidst demand for easing of interest rate, RBI Governor D Subbarao on Friday said inflation is "quite high" at 7.45 per cent even as the bank is conscious about economic growth. His remarks come as headline inflation fell to an...
Keywords: Indian Economy, Interest rates, RBi, Indian Economy
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RBI Cuts Repo Rate by 25 bps to 5.75% 06 June 2019
RBI Cuts Repo Rate by 25 bps to 5.75%:- The Reserve Bank of India (RBI) monetary policy committee today unanimously cut repo rate. It is the rate at which it lends to banks. The repo rate is cut by 25...
Keywords: RBI rules, RBI latest, RBI, RBI rules
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What is your choice among NRO, NRE or FCNR term deposits? 16 May 2012
In order to attract foreign currency into India from NRIs (Non Resident Indians), Reserve Bank of India (RBI) has come out with new propositions. Earlier in December 2011, RBI has deregulated interest rates on Non Resident Ordinary (NRO) savings accounts...
Keywords: Non Resident Indian, Non Resident Ordinary (NRO) savings account, Reserve Bank of India, NRI
Read More Inflation drops to 5-month low 15 January 2014
India's inflation eased to a five-month low in December on lower vegetable prices. The wholesale price index (WPI), India's main inflation indicator, recorded an annual 6.16 percent last month, its slowest pace since July 2013. The vegetable prices have fallen...
Keywords: Business News, RBI, Monetary policy of RBI, wholesale price index (WPI)
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Banks Face Cash Crunch, Repo Rate Unchanged at 6.25% 07 December 2016
Against all the hopes, the Reserve Bank of India on Wednesday kept the key lending rate, repo rate, fixed at 6.25 per cent with all the six members of the Monetary Policy Committee voting in favour of a status-quo. “Consequently,...
Keywords: Cash crunch, RBI Interest Rate, Demonetization, RBI Interest Rate
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RBI frees rates on NRI deposit schemes 20 December 2011
The Reserve Bank freed interest rates on various non-resident deposit schemes, a move that will help attract more funds from NRIs and arrest the slide in rupee in the forex market. The decision to de-regulate interest rates on such deposits...
Keywords: NRI deposits interest rates, Ordinary Non-Resident, NRI deposits interest rates, NRI deposit accounts
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RBI to keep rates unchanged 07 April 2015
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to reflect previous rate cuts. The...
Keywords: Repo Rate, RBI, Indian economy, RBI
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SBI hikes interest rates on NRI fixed deposits 18 July 2012
The State Bank of India is doing its best for retaining its customers as there has been a tough competition from private sector banks. As a part of the same, the bank has been implementing several new plans and schemes,...
Keywords: State Bank of India, State Bank of India, SBI increased interest rates, NRI customers
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Mercedes Benz to make its prices appear bigger 02 January 2013
Luxury car major, Mercedes Benz has announced that it would be increasing the prices of its cars in India by three per cent effective from January 14. The decision was made in order to meet the higher costs in the...
Keywords: interest rates benz cars, hatch back benz, benz car prices hiked, hatch back benz
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SBI hikes interest rates on NRI fixed deposits 18 July 2012
The State Bank of India is doing its best for retaining its customers as there has been a tough competition from private sector banks. As a part of the same, the bank has been implementing several new plans and schemes,...
Keywords: NRI fixed deposits, NRI fixed deposits, NRI fixed deposits, State Bank of India
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Interest rates may be unchanged 03 August 2015
The chances of a rate revision of the Reserve Bank of India are very remote. The Export-Import Bank of India states that, the rising trend in inflation seen over the last two months and the rainfall deficits is expected to...
Keywords: RBI, Raghuram Rajan, Raghuram Rajan, Consumer price-index
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RBI's cut in Interest rates for the third time in a year a row 02 June 2015
It seems that the Policymakers recognized the need to put the economy on a high notch. Just days after the data released that showed India outpaced China by growing 7.5% in the March quarter, RBI takes a leap further and...
Keywords: RBI, Reserve Bank of India, Raghuram Rajan, Raghuram Rajan
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Business confidence declined: CII survey 30 January 2012
Stagnation in investment plans had emerged as a key concern in the current macro-economic scenario. The survey further reveals that firms have reported a slowdown in sales, new orders, production and pre-tax profits in Q3 2011-12 as compared to Q2...
Keywords: Chandrajit Banerjee, high interest rates, domestic and international investments, high interest rates
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RBI frees co-op banks on SB interest 27 December 2011
The Reserve Bank of India, on Monday, deregulated interest rate on savings accounts in all State and Central Co-operative Banks, a move that will fetch better returns for depositors.RBI had freed these rates for the scheduled commercial banks in October.In...
Keywords: interest rate, interest rate, State and Central Co-operative Banks, differential rates
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Interest rates on small savings are fixed: RBI 23 January 2012
“As per the rules of small savings schemes, the rate of interest on an investment made in all schemes, except PPF, 1968 on a particular date, remains unchanged for the entire duration of the investment, till maturity, irrespective of the...
Keywords: government securities, small savings schemes, government securities, Reserve Bank of India
Read More SBI cuts down interest rates 15 July 2014
State Bank of India [SBI] today slashed the interest rate on short-term fixed deposits between 7-179 days from 7.5 per cent to 7. This new rate would be effective from July 18, said SBI in a statement. The interest rate...
Keywords: SBI, State Bank of India, SBI short-term fixed deposits, Quick news
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Car sales may decline for first time in nine years: SIAM 10 February 2012
According to the figures released by SIAM, domestic passenger car sales had declined by 1.19 per cent to 15, 74,847 units during April-January this fiscal as against 15, 93,850 units in the year-ago period. According to industry body Society of...
Keywords: car sales first time in nine years, SIAM director-general, projected target, car sales first time in nine years
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