Rate hike on cards as RBI reviews policy today

India`s central bank is likely to increase for a fourth time this year key policy and interest rates at its quarterly monetary policy review Tuesday to rein in high inflation, as economic growth is now on a firmer track.

Banks not to immediately hike interest rates

Borrowers can breathe easy as bankers Tuesday said an immediate hike in lending rates is unlikely.

HDFC lowers first yr home loan rate to 8.25%

HDFC on Thursday lowered its home loan rate to 8.25 percent for the first year applicable on fresh loans.

RBI hikes CRR, leaves rates untouched

RBI on Friday raised CRR by 75 basis points to suck out the excess liquidity from the financial system.

CRR rise invokes mixed reactions, bankers see no rate

The Reserve Bank of India’s decision to raise the cash reserve ratio (CRR) by an unexpected 75 basis points to 5.75 percent has invoked mixed reactions among the country’s leading bankers and industrialists.

No immediate pressure on interest rates: HSBC

HSBC has said there`s no immediate pressure on lending rates even if Reserve Bank squeezes money supply to contain inflationary expectations.

Bankers hint at RBI tightening stance; warn of rising NPAs

Two leading bankers on Monday hinted at RBI tightening its monetary stance, which may lead to an increase in interest rates, and warned of rising loan defaults in the short-term.

Interest rates may go up: Bhatt

SBI Chairman O P Bhatt on Monday hinted at an increase in interest rates and further said loan defaults would continue to rise, particularly in the SME sector, for the next six months.

PNB revises interest rates on non-resident deposits

The country’s second largest public sector lender, Punjab National Bank, has revised interest rates on Foreign Currency Non-Resident deposit schemes effective from January 1.

Rate talk swirls around RBI, Fin Min meet

A meeting of India`s central bank Governor Duvvuri Subbarao with Finance Minister Pranab Mukherjee fuelled speculation on Friday that the bank may tighten monetary policy earlier than expected to stem rising prices.

US Fed Reserve keeps interest rates near zero

The US Federal Reserve Wednesday kept interest rates at their historic low of near 0 percent and noted signs that the world`s largest economy is recovering from recession.

Interest rates to be stable for some time: ICICI Bank

ICICI Bank has said there would be no revision in interest rates for sometime, even as major players like SBI and PNB have slashed deposit rates.

PNB slashes interest rates on term deposits by 25-50 bps

In view of surplus liquidity,
state-run Punjab National Bank will reduce interest rates on
fixed deposits by 25-50 basis points for select categories
from November 9.

US Fed keeps interest rates at record low

The US Federal Reserve continues to keep interest rates at their historic low of near 0 percent.

Fed to keep rates near zero to nurture recovery

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

Australian interest rates rise as economy surges

Australia`s Reserve Bank increased interest rates by 25 basis points on Tuesday, the second increase in as many months, in an attempt to contain inflation as the economy emerges out of the global financial crisis.

Interest rates likely to stay stable for 3-4 months: Bankers

Retail and corporate loan rates may
stay the same as bankers on Tuesday ruled out any increase in
lending rates in the next three to four months, thanks to the
RBI keeping almost all key rates unchanged.

RBI likely to retain policy rates, may hike CRR: Experts

RBI is unlikely to signal hike in interest rates in its forthcoming monetary review this week, say economists.

RBI unlikely to signal hike in interest rates: Pronab Sen

Pronab Sen
on Thursday said that the Reserve Bank is unlikely to signal hike in
interest rates in its forthcoming monetary review next week
despite inflationary pressures.

Interest rates on micro loans falling 150 bps annually: Access

Interests rates on micro loans, which stand at over 20% in the country, are falling at an average of 150 bps annually.