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News
bank rates
Bank rates News
Bank of America Merrill Lynch
03 Sep 2017
Lending rate cuts key to economic revival: BofAML
Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to accelerate reforms momentum, says a report.
IDBI
30 Dec 2016
IDBI Bank reduces MCLR for various tenors
State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.
Demonetisation
20 Nov 2016
Demonetisation: Liquidity to stay, interest rates may fall further
Additional liquidity that is coming into the banking system following demonetisation will not go away in a "hurry" and may pull down interest rates further, the country's largest lender SBI said.
RBI
27 Mar 2016
RBI seen cutting rates in first monetary policy statement on April 5
Sundaram BNP Paribas
13 Apr 2015
Sundaram BNP Paribas slashes home loan rates
Sundaram BNP Paribas Home Finance on Monday announced a 20-basis point cut in its interest rates to 9.95 percent from the earlier 10.15 percent.
Banks
19 Nov 2014
Banks' similar interest rates come under CCI scanner
As it suspects a possible unfair practice by banks with almost similar interest rates, the Competition Commission plans to examine whether lenders are operating as a cartel in fixing the rates.
Reserve Bank of Australia
02 Sep 2014
Australia`s central bank keeps rates at 2.5%
The Reserve Bank of Australia said it was prudent to maintain a "period of stability in interest rates" to support demand and growth in the economy as it shifts away from a dependence on mining.
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