Oct 05, 2016 at 14:26 | Source: PTI
Economists at foreign brokerage Bank of America Merill Lynch said however that it doesn't expect any rate cut in the upcoming review of the bi-monthly policy in December.
Oct 05, 2016 at 09:10 | Source: PTI
In a move that is expected to lead to lower rates for housing EMIs, car loans and corporate borrowing, the Reserve Bank reduced the short term lending rate (repo rate) by 0.25 percent to 6-year low of 6.25 percent in the fourth bi-monthly monetary policy statement.
Oct 04, 2016 at 20:43 | Source: CNBC-TV18
Post the monetary policy meet today, Ashok Lavasa told CNBC-TV18 that inflation should remain in control in the coming days and expects banks to pass on the rate cut to its borrowers.
Oct 04, 2016 at 17:38 | Source: PTI
"This year, the supervision coverage is being extended to over 30 banks and going forward we intend to cover every bank from an intent of information technology risk and cyber security risk," deputy governor S S Mundra told reporters after the fourth bi-monthly policy review.
Oct 04, 2016 at 17:00 | Source: Moneycontrol.com
Bankex gained around 0.4 percent with SBI gaining 2 percent while ICICI Bank was up 1 percent from previous close on expectations that to rate cut may lead to lower rates for housing EMIs, car loans and corporate borrowing.
Oct 04, 2016 at 16:50 | Source: CNBC-TV18
Post the monetary policy meet, Keki Mistry, VC and CEO of HDFC told CNBC-TV18 that the inflation expectations gave RBI impetus to cut rates.
Oct 04, 2016 at 16:30 | Source: PTI
Finance Secretary Ashok Lavasa said RBI and the government are on the same page with regard to inflation target and the government is taking all measures possible to keep inflation within the range of 2-6 percent.
Oct 04, 2016 at 15:52 | Source: PTI
The Reserve Bank reduced the short term lending rate (repo rate) by 0.25 percent to 6-year low of 6.25 percent in the fourth bi-monthly monetary policy statement.
Oct 04, 2016 at 15:36 | Source: PTI
Despite this warning, the RBI has pegged the GVA growth of 7.6 percent for the current fiscal and 7.9 percent the year after.
Oct 04, 2016 at 15:21 | Source: Reuters
"While the RBI has cut the repo rate by 25 basis points, the policy statement remains less dovish in its guidance. It still sees upside risk to inflation target that has to be achieved by March end. While today's rate cut would accentuate the bond rally, I don't see much impact on the bank lending rates."