Disappointed, India Inc presses for rate cut, again

With RBI keeping the policy rate on hold, India Inc Tuesday said a rate cut is imperative to lower cost of funds for the industry and spur investments, crucial for sustaining high economic growth.

RBI likely to cut rate by 0.25% in April: Nomura

RBI likely to cut rate by 0.25% in April: Nomura

With inflation remaining under its 6 percent target and oil prices falling, the Reserve Bank is likely to go for a final interest rate cut of 25 basis points in April, financial services major Nomura said.

Experts bet on RBI to hold rates steady on Tuesday

Experts bet on RBI to hold rates steady on Tuesday

"I think Rajan will wait for the Fed move. He will not change the rates," UCO Bank Managing Director and Chief Executive R K Takkar said.

RBI policy, GDP data to set tone for market this week

RBI policy, GDP data to set tone for market this week

RBI monetary policy review on Tuesday, outcome of September quarter GDP data and developments related to GST Bill in the ongoing Winter Session of Parliament would drive the market sentiment this week, say experts.

'July-Sept GDP to grow 7.5%; 0.50% repo rate cut in H1 2016'

'July-Sept GDP to grow 7.5%; 0.50% repo rate cut in H1 2016'

India is likely to clock a growth rate of 7.5 percent for the July-September quarter, while the Reserve Bank is expected to go for 50 basis points cut in interest rate in the first half of next year amid softer inflation, says a Barclays report.

Arun Jaitley to meet PSB heads Monday; NPAs, rate cut on agenda

Arun Jaitley to meet PSB heads Monday; NPAs, rate cut on agenda

The performance review meeting of public sector banks (PSBs) will also take stock of the credit flow to productive sectors to spur economy and review of 'Indradhanush', the seven-pronged strategy to revive PSBs, sources said.

RBI to cut rates in H2 again on falling inflation: UBS

RBI to cut rates in H2 again on falling inflation: UBS

Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.

RBI Governor Raghuram Rajan went with majority view for rate cut

RBI Governor Raghuram Rajan went with majority view for rate cut

Reserve Bank Governor Raghuram Rajan went with the majority view of external members on the Technical Advisory Committee (TAC) on the policy rate to announce the rate cut.

Cut in small savings rate may lead to lower lending rates:RBI

The Reserve Bank Thursday said banks may cut their lending rates further with the lowering of interest rate on small savings schemes by the government.

Banks still have elbowroom to lower rates, says India Inc

Banks still have elbowroom to lower rates, says India Inc

As WPI inflation rate edged up to (-)4.54 percent in September, India Inc Wednesday said there is scope for banks to slash interest rates further and the green shoots of economic recovery are "visible".

Union Bank reduces base rate by 0.35% to 9.65%

State-run Union Bank of India on Saturday announced a 0.35 percent reduction in its base rate to 9.65 percent.

 

More PSBs, private banks join rate cut bandwagon

More PSBs, private banks join rate cut bandwagon

State-run United Bank of India in a separate statement said that it has decided to reduce base rate or the minimum lending rate to 9.65 percent from 9.90 percent with effect from October 12.

ICICI Bank, Kotak Mahindra and 6 others cut lending rate

ICICI Bank, Kotak Mahindra and 6 others cut lending rate

Joining the rate cut bandwagon, as many as eight lenders including ICICI Bank, Kotak Mahindra Bank, Yes Bank and SBBJ reduced their benchmark lending rate by up to 0.35 percent Wednesday, a move which would lower EMIs for home and auto loan borrower.

RBI impact: Banks cut interest rates; loans to turn cheaper

RBI impact: Banks cut interest rates; loans to turn cheaper

A number of banks including state-run PNB, IDBI Bank and Bank of Baroda, as also private sector lender Axis Bank Wednesday lowered lending rates -- a day after RBI surprised with a larger-than-expected policy rate cut and prodded banks to pass on the benefits.

Rate cut good; action on multiple fronts needed to push GDP: CEA

Rate cut good; action on multiple fronts needed to push GDP: CEA

The 0.50 percent cut in interest rate by RBI is welcome and will bring down the cost of funds but action on multiple fronts would be needed to promote economic growth, Chief Economic Advisor Arvind Subramanian said here Wednesday.

 

RBI's Monetary Policy statement 2015-16: Experts reaction

The following are some of the reactions from industry officials to the fourth bi-monthly Monetary Policy statement 2015-16, made by Reserve Bank of India Governor Raghuram Rajan on Tuesday:
 

Passing RBI rate cut to borrowers may take 1 or 2 quarters: Official

Passing the Reserve Bank of India`s 50 basis point rate cut by commercial banks to their borrowers may take around one or two quarters, a top official of City Union Bank said on Tuesday.

Raghuram Rajan's rate call to decide the market this week

Raghuram Rajan's rate call to decide the market this week

All eyes are now on the Reserve Bank's monetary policy review on September 29 as the stance taken by its chief Raghuram Rajan will determine the broader trajectory of the market.

Common sense says RBI should cut interest rates: Arun Jaitley

Common sense says RBI should cut interest rates: Arun Jaitley

Days before Reserve Bank Governor Raghuram Rajan unveils his bi-monthly monetary policy, Finance Minister Arun Jaitley Monday asserted common sense says the interest rates should come down.

RBI may cut rate by 0.25% on September 29: Report

RBI may cut rate by 0.25% on September 29: Report

With inflation figures continuing to reflect benign environment, the RBI is likely to go for a 25 basis points rate cut while announcing its bimonthly monetary policy on September 29, a report said Monday.