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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: Shaktikanta Das, RBI next, RBI, Shaktikanta Das
Read MoreInflation 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: Inflation in November, Reserve Bank of India, India Business News, RBI
Read MoreMercedes 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: sedan benz, benz car prices hiked, benz car prices hiked, benz car prices details
Read MoreBusiness 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: external commercial borrowings, CII survey, Chandrajit Banerjee, external commercial borrowings
Read MoreInterest 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: Raghuram Rajan, RBI, statutory liquidity ratio, RBI
Read MoreInterest 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: Senior Citizens Savings Scheme 2004, Senior Citizens Savings Scheme 2004, small savings schemes, government securities
Read MoreRBI 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: State and Central Co-operative Banks, differential rates, savings accounts, Reserve Bank of India
Read MoreWhat 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: RBI’s interest rates, Non Resident Indian, Non Resident External (NRE) term deposit, Foreign Currency Non Resident (FCNR) Account
Read MoreSBI 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: State Bank of India, SBI cuts down interest rates, Quick news, State Bank of India
Read MoreSBI 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, private sector banks, SBI increased interest rates, SBI increased interest rates
Read MoreBanks 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: monetary police, Cash crunch, monetary police, RBI Interest Rate
Read MoreSBI 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 customers, SBI increased interest rates, NRI customers, SBI increased interest rates
Read MoreIndian 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: City Union Bank deregulation asset-liability committee, higher rates on deposits, non-resident deposit rates, higher rates on deposits
Read MoreRBI 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: governor of RBI Raghuram Rajan, RBI hikes interest rates, Rupee value, Inflation
Read MoreRBI 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: CPI, Repo Rate, RBI, RBI
Read MoreCar 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, projected target, Vishnu Mathur, Car segment downtrend high interest rates unfavorable macro-economic conditions
Read MoreRBI'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: Raghuram Rajan, Reserve Bank of India, Raghuram Rajan, Raghuram Rajan
Read MoreGovernment 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: PF updates, EPFO, PF updates, EPFO
Read MoreRBI 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: Dr.Subbarao, Inflation, Indian Economy, Inflation
Read MoreRBI 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 deposit accounts, Ordinary Non-Resident, Ordinary Non-Resident, NRI deposits interest rates
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