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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.

Sep 03, 2017, 12:09 PM IST

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.

Dec 30, 2016, 20:49 PM IST

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.

Nov 20, 2016, 14:27 PM IST

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.

Apr 13, 2015, 20:47 PM IST

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.

Nov 19, 2014, 23:00 PM IST

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.

Sep 02, 2014, 11:32 AM IST

India asks Switzerland to ratify global tax convention

India has asked Switzerland to expeditiously ratify the OECD convention on automatic exchange of tax information, a move which will help deal with menace of black money.

May 22, 2014, 16:04 PM IST

Swiss central bank leaves key rates unchanged

Switzerland`s central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.

Mar 20, 2014, 17:45 PM IST

ECB holds key rate steady at 0.25%

The European Central Bank kept its gunpowder dry again on Thursday, holding its key interest rates unchanged for the fourth month in a row.

Mar 06, 2014, 19:45 PM IST

Indian Bank revises interest rates

Public sector Indian Bank has revised the interest rates on foreign currency non-resident (banking) term deposits with immediate effect.

Mar 02, 2014, 14:55 PM IST

Bank of Baroda raises fixed deposit rates by up to 0.50%

State-owned Bank of Baroda (BoB) Monday raised fixed deposit rates on select maturities by 0.50 percent, reflecting the tightening of liquidity conditions.

Sep 30, 2013, 19:42 PM IST

No plans to raise rates as of now: Canara Bank

Canara Bank on Monday said it has no plans to raise base rate at least for now.

Aug 26, 2013, 18:00 PM IST

RBI should also look at growth, employment generation: FM

RBI should also look at boosting sagging growth and generating employment while focusing on price stability, Finance Minister P Chidambaram said on the eve of the first quarterly monetary policy announcement.

Jul 29, 2013, 16:06 PM IST

Interest rates will come down when inflation softens: RBI

"As and when inflation rate comes down, interest rates will come down...." he said on the sidelines of an event here.

Sep 01, 2012, 20:46 PM IST

Yes Bank raises rates by up to 2%, others to take call later

Within hours of RBI deregulating savings rate, private lender Yes Bank Tuesday hiked its saving rate by a hefty 2 percent even as some leading bankers said they were not in a hurry to take a call as the liquidity position is comfortable.

Oct 25, 2011, 20:38 PM IST

Bank of Maharashtra likely to raise base rate by 25 bps

Pune-based public sector lender Bank of Maharashtra is likely to hike its base rate by 25 basis points from October 1, following the latest policy rate hike by the Reserve Bank of India last week.

Sep 18, 2011, 19:31 PM IST

Bank of England leaves rates on hold in September

The Bank of England left interest rates at 0.5 percent on Thursday, leaving open the option of restarting its quantitative easing programme should the economy weaken further.

Sep 08, 2011, 17:34 PM IST

Corporation bank, 3 others increase base rates

State-run Corporation Bank, Indian Overseas Bank and two other lenders have raised their base rates with effect from Monday, after the RBI's larger-than-expected interest rate hike last week.

Aug 01, 2011, 10:42 AM IST

4 PSU banks raise interest rates by up to 0.50%

As many as three state-owned banks including Oriental Bank of Commerce (OBC) and Indian Bank hiked interest rates by up to 50 basis points.

Jul 13, 2011, 20:32 PM IST