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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.Business
Pressure mounts on RBI to cut policy rate: Experts

MPC in its previous review in June had retained the repo rate at 6.25 per cent

16 July 2017 12:21 PM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.Business
Indian Bank to cut base rate by 0.20 pc from May 7

Bank has reduced the base rate from 9.65 per cent to 9.45 per cent.

5 May 2017 10:36 AM IST

Reserve Bank of IndiaBusiness
RBI to hold key rate next month; cut 25 bps in August

A rate cut would help attract foreign portfolio investors (FPI) in equity flows by supporting growth.

3 May 2017 2:48 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.Business
Consumer inflation at record low of 1.54 pc in June

Numbers even lower than RBI's medium term target; CPI was at 1.70 per cent in June.

12 July 2017 6:04 PM IST

The new rates would be effective from November 23.Business
PNB cuts interest rate on fixed deposits by up to 0.25 pc

The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.

20 Nov 2016 10:30 AM IST

TMA has requested for changing component duties in tractors from proposed 28 per cent to 18 per cent.Business
Tractor components GST rate cut to give relief to farmers: TMA

The GST Council yesterday cut tax rate on exclusive parts of tractors from 28 per cent to 18 per cent.

1 July 2017 5:56 PM IST

The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.Business
HDFC, ICICI bank cut fixed deposit rates by up to 0.25 per cent

ICICI Bank will pay 7.10 per cent as against 7.25 per cent earlier.

17 Nov 2016 5:00 PM 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.Business
What SBI interest rate-cut to 6.75 per cent means for your deposits

SBI's deposit rate is currently the lowest in the Indian banking sector for one-year deposits up to Rs 1 crore.

5 July 2017 1:06 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.Business
Inflation pain easing; 25 bps rate cut likely on Aug 2: BofAML

RBI rate cut call on August 2, with June CPI at 1.5 per cent with daily data showing food inflation falling.

4 July 2017 2:07 PM IST

Reserve Bank of IndiaBusiness
RBI may cut repo rate by 25 basis points in Feb: HSBC report

RBI will meet its 5 per cent CPI target for March comfortably.

13 Jan 2017 4:20 PM IST

Loan growth numbers have been \slippery\ and added that the credit uptick has halved from 10 per cent in January 2015 to only 5 per cent in December 2016.Business
Rate cuts no panacea for loan growth: DBS

Service sector industries are also in a tough patch from a sales and profitability perspective.

11 Jan 2017 4:48 PM IST

RBI governor Urjit Patel. (Photo: PTI)Business
Urjit Patel urges govt to be mindful of debt level

Patel at Vibrant Gujarat Summit says govt debt to GDP ratio was constraining country's sovereign ratings.

11 Jan 2017 4:08 PM IST

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