SBI to link home loans to repo rate from July
NEW DELHI: After linking its short-term loans and large savings deposits rates to the repo rate, the largest lender State Bank of India (SBI) on Friday said it will introduce repo-linked home loans from July. The lender has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs […]
Reserve Bank of India cuts repo rate by 25 basis points; first since August 2017
NEW DELHI: The Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 6.25 per cent on Thursday, in a bid to boost lending and fuel growth before the general elections due in April. The RBI’s Monetary Policy Committee factored in low inflation and crude oil prices. The committee concluded its first […]
Reserve Bank of India unlikely to hike repo rate in October despite weak Indian Rupee
MUMBAI: Weakness in the Indian Rupee does not offer a sufficient alibi for a rate hike and the Reserve Bank of India (RBI) may go for a status quo at the policy review next month, a Japanese brokerage said on Friday. The markets have priced in tightening as well, but it is unlikely to materialise, […]