Tag: RBI

SBI cuts 5bps in base rate, others to follow suit

Indian largest lender bank, State Bank of India has cut its key lending rate by 5 basis points, passing on RBI’s recent monetary cut off key rates to customers, for monetary easing with economic growth. Read more

HDFC cuts Auto Loan rates by a half percent point

Prevailing RBI’s monetary policy rates, private sector lender HDFC Bank has announced to reduce Auto loan rates to buy vehicles by upto 0.5 percent. Read more

Repo Rate cuts with CRR slashing move, loans to get cheaper

Set with market expectations, the Reserve Bank of India (RBI) on Tuesday cut off short term repo rate by 0.25 to 7.75 % in its quarterly monetary review, raising hopes that Indian economy is appearing on right track. Read more

India needs fiscal consolidation, Growth, inflation likely to fall: RBI

Just a day ahead when country expected a repo rate cut by the Reserve Bank of India, the bank said monetary easing needed a sustained fiscal consolidation. Read more


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