Indian banks late in passing on lending rate cuts: IMF

Last Updated: Wednesday, March 11, 2015, 21:32

With banks resisting passing on RBI's interest rate cuts to consumers, the IMF Wednesday said lenders in India are rather quicker in responding to the central bank's monetary tightening measures.

Banks to wait till Apr 7 before cutting rates: BoI

Last Updated: Wednesday, March 11, 2015, 16:04

State-owned BoI Wednesday said banks will wait till the next bi-monthly monetary policy review of the RBI on April 7 before cutting interest rates.

Banks will surely cut lending rates for borrowers: Sinha

Last Updated: Thursday, March 5, 2015, 20:55

A day after RBI cut the repo rate, the government today said banks will "slowly" but surely will reduce lending rates for borrowers.

Bankers hint at lowering lending rates

Last Updated: Wednesday, March 4, 2015, 19:48

After RBI's second surprise rate cut in as many months, bankers on Wednesday hinted at lowering lending rates, but stressed monetary policy gets transmitted with a lag.

India's services growth picks up pace in January

Last Updated: Wednesday, February 4, 2015, 11:38

Growth among India`s services firms picked up pace in January as burgeoning order books boosted confidence, suggesting further expansion this month, a business survey showed on Wednesday.

RBI norms to affect bank's pricing power: Moody's

Last Updated: Monday, January 26, 2015, 15:31

The Reserve Bank of India`s (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody`s Investor Services said Monday.

RBI asks banks to review minimum lending rate every quarter

Last Updated: Monday, January 19, 2015, 22:25

The direction comes soon after Reserve Bank cut repo rate by 0.25 percent, the first reduction in 20 months, to boost credit and economic growth.

RBI rate cut: UBI, Union Bank slash rates, others likely to follow soon

Last Updated: Thursday, January 15, 2015, 16:19

Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 percent and 0.5 percent respectively, while other banks including market leader SBI have indicated that they would follow suit.

RBI asks FinMin to review priority lending norms

Last Updated: Thursday, December 11, 2014, 21:33

Reserve Bank has asked the Finance Ministry for a review of priority sector lending norms which the foreign banks find difficult to follow under the wholly-owned subsidiary model.

Lending rates can be cut when credit picks up: SBI

Last Updated: Tuesday, December 9, 2014, 22:10

State Bank of India chief Arundhati Bhattacharya Tuesday said the cut in lending rates can only happen when credit picks up.

SBI raises lending rates by 0.20%, Axis Bank revises FD rates

Last Updated: Wednesday, November 6, 2013, 20:04

Days after RBI hiked policy rate, country's largest lender State Bank of India (SBI) on Wednesday raised its lending rate by 0.20 percent to 10 percent, a move that is likely to be followed by other banks.

No increase in base rate for now, says BoI

Last Updated: Wednesday, November 6, 2013, 19:32

After largest lender State Bank of India and second largest private sector bank HDFC Bank raised their minimum lending rate (base rate), public sector lender Bank of India Wednesday ruled out following its peers for now.