Daily Latest News
New Delhi: Canara Bank, Union Bank and Indian Overseas Bank (IOB) have announced reduction in their lending rates following the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 50 basis points, from 6.00% to 5.50%, in the latest Monetary Policy Committee (MPC) meeting. Canara bank has reduced Repo Linked Lending Rate (RLLR)…
Last Updated:June 12, 2025, 08:03 is Banks have started cutting FD rates, reducing returns for retirees and conservative investors who rely on them Repo Rate Impact On FD Savings The Reserve Bank of India’s recent decision to reduce the repo rate by 50 basis points to 5.50% has created a ripple effect across the financial…
Last Updated:June 09, 2025, 06:30 is After PNB, HDFC Bank also cuts lending rates for all loan tenure by 10 bps. It came to effect from June 07. HDFC Bank cuts lending rates after RBI’s repo rate cut. HDFC Bank has lowered its benchmark lending rates after the Reserve Bank of India (RBI) unexpectedly slashed…
New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting kicked off on Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo rate to 5.75 per cent. Chaired by RBI Governor…
Mumbai: The RBI’s monetary policy committee meeting scheduled for February is likely to spring some positive surprises with a growth-favoured approach, according to brokerage firm Jefferies. The Reserve Bank of India (RBI) policies can take a growth-supportive turn, especially with the government expected to take a tight fiscal stance on February 1, Jefferies said in…
Mumbai: Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday. FIIs returning to India in expectation of a dovish monetary policy…
New Delhi: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row. The MPC also decided to continue with the neutral stance of monetary policy as it provides flexibility to monitor the progress and outlook on disinflation and growth and to act appropriately. The…
New Delhi: The Reserve Bank of India on Friday said that Small Finance Banks will now be allowed to extend pre-sanctioned credit lines through the UPI. “Credit line on UPI was launched in September 2023 and was made available through Scheduled Commercial Banks (SCBs). It has now been decided to permit Small Finance Banks also…
New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 11th consecutive time on Friday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. Announcing the fifth bi-monthly monetary policy for the…
Mumbai: The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers. Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate (repo), and…