Base Rate Cut

The RBI has cut rates by 125 bps since January 2015, but banks have cut one year deposit rates by an average 130 bps. Interestingly, lending rates have fallen by a meagre 50 bps, which includes the base rate cuts announced by most banks post September 29 policy.

Kotak Mahindra, YES Bank cut base rate by 25 bps

The lower base rates for both the banks will come into effect from October 5, 2015.

HDFC Bank throws gauntlet, cuts base rate by 0.35%

HDFC Bank, the country's second-largest private-sector lender, slashed its base rate -- the minimum rate at which it lends -- by 0.35 percent to 9.35 percent, effective tomorrow.

Base rate cut to help retail advances go up: SBBJ

In an interview to CNBC-TV18, State Bank of Bikaner & Jaipur, managing director Jyoti Ghosh says the rate cut will not have any impact on the margins.

SBI cuts base rate by 15 bps to 9.7%

Base rate is the minimum rate the RBI charges while lending to its customers and the minimum interest rate of a bank below which it cannot lend, except in cases allowed by the central bank.

May drop lending rates further if RBI cuts 50bps: SBI

Just two days ahead of the Reserve Bank of India‘s (RBI) all important monetary policy review on June 18, State Bank of India (SBI) today announced cut in lending rates between 0.5-3.5%, mainly for the small and medium enterprises (SME) and the agriculture sector.

Union Bank cuts rates to 10.50%, sees no stress on NIMs

Union Bank's rate cut may seem lower than its peers, but executive director SS Mundra explains that it is actually at par with the industry.