New Delhi: Home and car loans may get cheaper as the Reserve Bank of India (RBI) signalled a possible interest rate cut to boost economy at its annual credit policy on Tuesday. The government said on Monday that inflation had slightly eased in March, a day before what is forecast to be the first interest rate cut in three years, but a cautious tone from the Reserve Bank of India...
07:46 AM, Apr 17, 2012
Mumbai: Country's largest lender SBI on Saturday said it will reduce lending rate if the Reserve Bank reduces cash reserve ratio in the credit policy later this month. "We expect a CRR (Cash Reserve Ratio) cut of 75 basis points. If it happens we will definitely pass the benefit to the consumers," State Bank of India (SBI) Chairman Pratip Chaudhuri said on the sidelines of 6th International Banking and Finance...
06:42 PM, Apr 07, 2012
Mumbai: The second largest private sector lender HDFC Bank has said the present situation is not conducive for rate cuts but further reduction in Cash Reserve Ratio (CRR) could lead to lower interest rates. "As far as reduction in interest rate is concerned, if there is more CRR cuts, it will happen. Because, given the inflationary environment, we can't reduce the deposit. Also, the call rates are high due to...
01:59 PM, Mar 18, 2012
Mumbai: Banks are likely to reduce lending rates for select sectors and may see an improvement in their net interest margins after the RBI cut cash reserve requirements for banks, top bankers said. The lending rates may be reduced for segments which are seeing higher demand for credit and lower level of defaults, Pratip Chaudhuri, chairman of State Bank of India, the country's top lender, said. The banks, however, did...
10:40 AM, Jan 25, 2012
Mumbai: Reserve Bank of India Governor Duvvuri Subbarao said on Tuesday it would be difficult to predict the timing, pace and magnitude of any interest rate cuts. The RBI will be very circumspect about how rate cuts should roll out when they start, he said, adding the central bank would also have to look at the fiscal deficit before cutting rates. The bank will look at how Tuesday's cut in...
04:57 PM, Jan 24, 2012
New Delhi: The Reserve Bank's decision to cut cash reserve ratio (CRR) by half a percentage point will boost the economic growth by increasing liquidity in the system and reducing cost of fund, the Finance Ministry said on Tuesday. "CRR cut ensures that fair amount of money is available, the cost of fund is reduced ... All these things are good to create a growth enhancing impression," Economic Affairs Secretary...
01:39 PM, Jan 24, 2012
It has also warned that inflation could also move into higher territory. ...
10:25 AM, Jul 28, 2009
That brings the dream of a home closer to reality for many. ...
03:51 AM, Dec 12, 2008
The RBI had cut CRR recently and is continuously monitoring the markets. ...
01:23 PM, Oct 20, 2008
RBI has crafted out careful measures to avert a crisis like the one in US or UK. ...
09:59 PM, Oct 15, 2008
Cut in CRR could bring good news to home loan borrowers. ...
09:17 PM, Oct 07, 2008
The new Cash Reserve Ratio of 8.5 per cent will be effective from October 11. ...
06:49 PM, Oct 06, 2008
RBI has once again increased key interest rates, which means costlier loans. ...
02:20 AM, Jun 26, 2008
With RBI hiking rates, banks may be following suit anytime now. ...
04:55 PM, Jun 25, 2008
RBI has hiked the two key interest rates in order to curb inflation. ...
12:26 PM, Jun 25, 2008
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