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RBI governor Urjit Patel

RBI panel pushes new rules so lenders pass on rate cuts more quickly

The RBI has cut its policy rate by a total of 200 basis points from January 2015 to August 2017.

5 Oct 2017 5:44 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

RBI panel suggests external benchmark rate in place of MCLR

Reserve Bank's policy repo rate are better suited than other interest rates to serve role of an external benchmark.

5 Oct 2017 9:52 AM IST

Reserve Bank Governor Urjit Patel. (Photo: PTI)

RBI comes down heavily on MCLR, moots external benchmark

The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans.

4 Oct 2017 4:24 PM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank cuts MCLR lending rate by up to 20 bps

The loans with 3 and 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent.

29 Sept 2017 5:26 PM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Union Bank, Dena Bank reduce MCLR rates

New one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier.

1 Sept 2017 2:46 PM IST

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. Photo: PTI

Bank of India raises MCLR rates by 0.05 pc on two tenures

Punjab National Bank also increased its benchmark lending rates or MCLR last week.

11 Oct 2018 5:17 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

2 Oct 2018 8:25 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

1 Oct 2018 4:41 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI cuts base rate by 30 basis points

The move is likely to trigger a similar action from other public as well as private sector lenders in the coming days.

2 Jan 2018 1:34 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI lowers base rate, BPLR by 30 bps; leaves MCLR unchanged

Nation's largest lender revised down the base rate to 8.65 per cent for existing customers from 8.95 per cent.

1 Jan 2018 5:07 PM IST

Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)

Fiscal situation should be comfortable next financial year: Jaitley

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for the next fiscal.

10 Feb 2018 3:59 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI, Sebi need to be cognisant of market volatility: Urjit Patel

Stock markets have been on a sharp downslide this week, barring just one session, amid a global rout in equities.

10 Feb 2018 3:43 PM IST