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REPO RATE
Deepak Shenoy on YES Bank, Ujjivan, rate cuts & more
I really hope YES Bank fund raising plan goes through, and if it does, this is not a very low price to buy the bank.
DBS expects RBI to make 20 bps rate cut this week
The RBI monetary policy committee (MPC) meets this week to decide on rates.
Indian Overseas Bank to offer repo-linked loans from October 1
The Reserve Bank through a notification in early September had advised banks t...
Investors should use the recent decline to allocate to equities
Dealing with growth slowdown in India, RBI also cut interest rates by 0.25 per cent in early October.
Bank of Maharashtra cuts MCLR by 10 bps
The lender has also cut down the repo linked lending rate (RLLR) by 0.25 per cent to 8.20 per cent from 8.45 per cent earlier with effect from October 8.
Loans: Festive season offers and should you take them
During festival season, banks come out with various special loan offers. These loan offers are usually in the form of a waiver of processing fees, lower interest rates and so on. However, the question arises should you avail these loan offers?
PNB, Allahabad Bank launch loan products linked to repo rate
Punjab National Bank launched PNB Advantage, a retail lending scheme linked with the repo rate effective Tuesday.
PNB, Allahabad Bank launch loan products linked to repo rate
Punjab National Bank launched PNB Advantage, a retail lending scheme linked with the repo rate effective Tuesday.
Indian Bank to link retail & MSME loans to RBI's repo rate from October 1
The RBI has mandated all banks to link their loans with external benchmarks, such as repo, aimed at faster transmission of rate cuts effected by it to consumers.
SBI hikes margin over repo rate in new loan scheme from Oct 1
The bank will charge additional spread/margin over the above mentioned rate in case of borrowers in specified situations where risk is ascertained to be higher.
FinMin, PSB heads to talk repo-linked loans
The RBI had last week cut the repo rate — or, the rate at which it lends money to commercial banks — to 5.4% so that banks can reduce their loan rates for consumers, firms and institutions.
Union Bank links home, auto loans to repo rates
Already State Bank and seven other state-run banks have announced that their new loans and deposits will be priced to the repo-rate.
Slowdown in consumption and downturn top of MPC’s mind
MPC members are concerned over the lack of monetary transmission despite surplus liquidity in the inter-bank system. They expect that the linking of lending rate to an external benchmark such as repo rate would start yielding better results.
RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again
The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.
Not just a 25 bps rate cut, Street demands unorthodox steps from RBI this time
Market mavens don’t see much effect on the market if the rate cut is on expected lines.
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