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Competition will result in banks passing on rate cut to consumers; not RBI interference: Raghuram Rajan

Competition will result in banks passing on rate cut to consumers; not RBI interference: Raghuram Rajan

The banking sector struggling with bad loans is not expected to lower interest rates anytime in the near future, as banks have to clean up their balance sheets before lowering the interest rates, said RBI Governor Raghuram Rajan.

Monetary Policy Review: By How Much Will RBI Oblige?

Monetary Policy Review: By How Much Will RBI Oblige?

Will the Reserve Bank of India slash the repo rate?

RBI seen cutting rates in first monetary policy statement on April 5

RBI seen cutting rates in first monetary policy statement on April 5

Zee Media Bureau

New Delhi: The Reserve Bank of India is expected to go for a rate cut in its first bi-monthly Monetary Policy Statement for the year 2016-17, which will be announced on Tuesday, April 5,

'RBI may slash policy rate by 0.25% on Feb 2'

'RBI may slash policy rate by 0.25% on Feb 2'

Towards the end of financial year 2015-16, the Reserve Bank of India is approaching the end of its rate-cutting cycle and is expected to slash the repo rate by 0.25 percent on Feb 2

Banks not passing rate cut benefit to consumers due to weak balance sheet: Arun Jaitely

Banks not passing rate cut benefit to consumers due to weak balance sheet: Arun Jaitely

Finance Minister Arun Jaitely said that as soon as banks recover from the pressure of loan defaults on balance sheets, they will pass on the benefit of the repo rate cut to consumers

RBI actions to bring FPI funds of Rs 48K-cr/year in govt bonds

RBI actions to bring FPI funds of Rs 48K-cr/year in govt bonds

A 50 basis points repo rate cut and slew of policy measures announced by the Reserve Bank in the recent monetary policy review could attract an average annual flow of Rs 48,000 crore in government bonds from overseas investors for the next few years, says a report.

Download: RBI 4th bi-monthly Monetary Policy Statement for 2015-16

Download: RBI 4th bi-monthly Monetary Policy Statement for 2015-16

Zee Media Bureau

New Delhi: Springing a surprise, the Reserve Bank of India (RBI) on Tuesday cut its short-term lending rate by 50 basis points, but also made a pitch for it to be passed on to end-consumers in the form of cheaper personal and commercial credit.

Axis Bank queues up, cuts base rate by 10 bps to 9.85%

A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, Friday lowered its base rate by 0.10 percent to 9.85 percent, effective June 30.

Finance Minister to meet heads of PSU banks tomorrow

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.

Brokerages see scope for 0.25% rate cut in June 2 policy meet

The Reserve Bank of India (RBI) is expected to cut rates in its June policy review meeting on softening food prices, analysts have said.

Policy rates have touched neutral, no cuts till 2017: Nomura

With the second surprise 25 bps repo rate cut by the Reserve Bank on March 4, the policy rates have reached neutral and the average policy rate over the next three years should be around 7.4 per cent, says a report.

Sensex ends in red after hitting 30K as rate cut cheer wanes

The 50-share NSE Nifty today made a new high 9,119.20, surpassing its previous intra-day high of 9,008.40 hit yesterday.

Watch: Top 25 Headlines @12pm

Watch: Top 25 Headlines @12pm on Zee News.

Watch: Top 50 Headlines @10am

Watch: Top 50 Headlines @10am on Zee News.

RBI cuts repo rate by 25 bps to 7.5%, keeps CRR unchanged

The Reserve Bank of India (RBI) on Wednesday morning announced a surprise cut in repo rate.

India Inc hails RBI policy; hopes for further cut in future

India Inc on Tuesday welcomed the 0.25 percent interest rate cut by the Reserve Bank saying it would help revive confidence of industry and hoped for further cuts in the coming days.

Assocham calls for 0.5% cut in repo rate, 1% CRR slash

Headline inflation, as measured by Wholesale Price Index (WPI), fell to a two-year low of 7.47 percent in December 2011, from 9.11 percent in the previous month.