Last Updated: Thursday, August 20, 2015, 23:01
RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.
Last Updated: Tuesday, August 4, 2015, 20:10
Bankers Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank rapped them for not fully passing on to borrowers three cuts in the key rate this year, saying it expects them to do so in the near future.
Last Updated: Sunday, August 2, 2015, 14:55
Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.
Last Updated: Thursday, July 30, 2015, 19:37
Country's second largest private lender HDFC Bank on Thursday said there is a scope for further cuts in the lending rates as loan growth is trailing deposit growth.
Last Updated: Friday, July 24, 2015, 19:54
Rating agency ICRA Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.
Last Updated: Saturday, June 27, 2015, 16:18
China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.
Last Updated: Thursday, June 25, 2015, 17:47
Largest private sector lender ICICI Bank on Thursday marginally reduced its base rate to 9.70 percent from 9.75 percent earlier, making its lending rate at par with industry leader SBI and that of HDFC Bank.
Last Updated: Wednesday, June 10, 2015, 21:34
Hinting at another round of interest rate cuts, private sector lender HDFC Bank's Managing Director Aditya Puri Wednesday said most banks will cut their lending rates by the end of the week.
Last Updated: Tuesday, June 9, 2015, 23:29
State-owned United Bank of India (UBI) Tuesday reduced lending rate by 0.1 percent to 9.90 percent, a move which will lower EMIs for its borrowers.
Last Updated: Monday, June 8, 2015, 18:16
Federal Bank Monday cut the base rate, or the minimum lending rate, by 0.25 percent to 9.95 percent.
Last Updated: Friday, June 5, 2015, 19:33
Two PSU banks, Central Bank of India and Syndicate Bank, Friday announced a cut in their lending rates while two others reduced deposit rates after RBI lowered the policy rate by 0.25 percent this week.
Last Updated: Thursday, June 4, 2015, 21:29
State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.
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