Credit Policy

  • News 360: Union Minister Gopinath Munde dies in road accident in Delhi June 3, 2014

    In a tragic turn of events on Tuesday morning, Union Minister for Rural Development Gopinath Munde died of multiple internal injuries after his car was hit by another vehicle in Delhi. The 64-year-old Munde, who is survived by his wife and three daughters, was going to the Delhi airport to...
  • RBI hikes repo rate by 25 basis points, CRR unchanged October 29, 2013

    New Delhi: The Reserve Bank of India on Tuesday hiked repo rate by 25 basis points from 7.50 per cent to 7.75 per cent. The RBI has kept the Cash Reserve Ratio (CRR) unchanged at 4 per cent. With the rupee having stabilised, the RBI lowered its Marginal Standing Facility (MSF)...
  • Rupee closes in on record lows; RBI fears cap losses June 24, 2013

    Mumbai: The rupee fell to near record lows on Monday as foreign investors continue to sell debt and stocks as part of an exit from emerging markets, with only fears of the RBI intervention arresting a further drop. The rupee is likely to continue hovering around a record low of 59.9850...
  • RBI credit policy today, bankers expect rate cut March 19, 2013

    Mumbai: The Reserve Bank of India's (RBI) credit policy will be announced on Tuesday with bankers wanting the central bank to cut repo rates which could make home and car loans cheaper. The repo rate is the rate at which banks borrow from the reserve bank when they are in need...
  • RBI likely to cut key policy rates by 0.25 pc: Experts March 17, 2013

    New Delhi: Taking cue from declining core inflation levels and sluggish growth trends, the Reserve Bank of India is likely to cut key policy rates by 0.25 per cent in its mid-quarter review on March 19, global investment banking majors have said. Even if RBI cuts rates on Tuesday, the tone...
  • RBI is doing too much too soon: Latha Venkatesh January 31, 2013

    CNBC-TV18's Banking Editor Latha Venkatesh joined IBNLive readers for an interaction on RBI's recent credit policy changes. Q. Despite whatever the RBI is trying to do, the economy doesn't seem to show signs of revival? Far too dependent on the West are we? Asked by: Narayan A....
  • More interest rate cuts possible, says C Rangarajan January 29, 2013

    New Delhi: The Reserve Bank of India could make more cuts to the repo rate if inflation remains on projected lines, the Prime Minister's economic adviser C Rangarajan said on Tuesday. The central bank reduced its policy interest rate by a widely expected 25 basis points on Tuesday. The bank took...
  • RBI's rate cut will help revive investment: Ahluwalia January 29, 2013

    New Delhi: The Reserve Bank of India's decision to cut rates will help revive investment in the economy, Montek Singh Ahluwalia, deputy Chairman of the Planning Commission said on Tuesday, adding that the economy was beginning to bottom out after a long slowdown. The country's central bank reduced its policy interest...
  • Inflation is still a concern: RBI governor Subbarao October 30, 2012

    The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the January-March quarter, although inflation remains a near-term concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent. As inflation eases further,...
  • RBI cuts CRR by 25 bps, keeps repo rate unchanged October 30, 2012

    New Delhi: The RBI left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the January-March quarter, although inflation remains a near-term concern. While the decision to leave the policy repo rate unchanged at 8.00 per cent was...
  • RBI credit policy: 'Big rate cut unlikely' October 30, 2012

    All eyes are on the Reserve Bank of India on Tuesday as it reviews its credit policy. It is up against stubborn inflation. Will we see a cut in interest rates? CNBC-TV18's banking editor Lata Venketesh tells us what to expect. ...
  • RBI to announce its credit policy today October 30, 2012

    Tuesday: The Reserve Bank of India is set to announce the credit policy on Tuesday. There is almost a war cry out for a rate cut. A CNBC-TV 18 poll indicated that 80 per cent of the respondents see a CRR cut. Of this, 20 per cent see a 50...
  • RBI not cutting key rate makes India Inc unhappy September 17, 2012

    New Delhi: The Reserve Bank's decision to cut the Cash Reserve Ratio by 0.25 per cent, the percentage of deposits banks keep with central bank, has received mixed response from India Inc, which has been demanding a reduction in interest rate to spur growth. Interest rates on home and car loans...
  • 'RBI's infusing liquidity more potent than rate cut' September 17, 2012

    New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio. "The RBI has taken a cautious step. The latest data on inflation has not...
  • Why RBI chose not to cut policy rate and instead ease CRR September 17, 2012

    The market was expecting the Reserve Bank of India to cut interest rates after the government announced some key policy reforms last week. But by keeping the repo rate unchanged at 25 basis points, the RBI has made it clear that it is more worried about curbing inflation in the...
  • Banks may cut auto loan, fixed deposit rates September 17, 2012

    Mumbai: The Reserve Bank of India (RBI) has kept its key rates unchanged in its mid-quarter monetary policy review on Monday, which means that the EMIs are unlikely to come down soon. The repo rate is unchanged at eight per cent while the reverse repo rate remains at seven per...
  • Full text: RBI's mid-quarter monetary policy review September 17, 2012

    The Reserve Bank of India (RBI) in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio (CRR) by 25 basis points (bps), a move that will likely infuse Rs 17,000 crore into the economy. The RBI will continue to target inflation in...
  • RBI cuts CRR by 25 bps, repo rate unchanged at 8 pc September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ration (CRR) by 25 basis points, which will leave Rs 17,000 crore more with the banks. Announcing its credit policy on Monday, which came in the backdrop of some big bang reforms pushed by the UPA Government, the...
  • RBI's credit policy today, rate cuts unlikely September 17, 2012

    New Delhi: The Reserve Bank of India (RBI) will be out with its credit policy on Monday amid mixed cues. It will continue to target inflation in its credit policy, that's the unanimous view of bankers, economists and fund managers polled by CNBC-TV18. Eighty per cent of the market expects...
  • RBI may leave rates on hold as inflation too high July 31, 2012

    Mumbai: The Reserve Bank of India (RBI) is expected to leave interest rates unchanged on Tuesday, seeing high inflation as a bigger danger than the slowest growth in almost a decade and keeping pressure on the government to revive the economy's fortunes. Weaker-than-normal monsoon rains add to expectations that the RBI...
  • RBI credit policy: Home loans may get cheaper June 18, 2012

    New Delhi: The Indian stock markets on Monday are expected to react positively to the Greece results and also domestic factors. The Reserve Bank of India will announce its mid-term credit policy review on Monday. Majority of bankers and economist polled by CNBC-TV18 say that the RBI will cut the repo...
  • SBI to cut interest rates on some loans April 17, 2012

    Mumbai: State Bank of India, the country's largest lender, will cut lending rates on loans that have high interest rates, Chairman Pratip Chaudhuri said on Tuesday. Earlier in the day, the Reserve Bank of India cut its repo rate for the first time in three years by an unexpectedly sharp 50...
  • Rates should go down further: HDFC's chief economist April 17, 2012

    The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent. ...
  • Rangarajan lauds RBI over Monetary Policy April 17, 2012

    Mumbai: In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13 , has cut the policy rates by 50 basis points. The repo rate now stands at 8 per cent from 8.50 per cent earlier. Similarly, the reverse repo rate is...
  • Highlights: RBI Monetary Policy 2012-2013 April 17, 2012

    Mumbai: The following are the highlights of the Annual Monetary Policy for 2012-13 announced by the Reserve Bank of India (RBI) Governor D Subbarao on Tuesday: * Short term lending rate (repo) lowered by 0.50 per cent to 8 per cent. *...
  • Full text: RBI Monetary Policy 2012-2013 April 17, 2012

    Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks...
  • Bonanza from RBI, repo rate cut by 50 bps April 17, 2012

    Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks...
  • RBI rate cuts may see cheaper home, car loans April 17, 2012

    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...
  • SBI to slash lending rates if RBI cuts CRR April 7, 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...
  • Fiscal consolidation on the cards: Kaushik Basu March 16, 2012

    Due to the government's dire situation, especially when it comes to the fiscal deficit, Chief Economic Advisor Kaushik Basu tells CNBC-TV18 that the mantra this year is going to be fiscal consolidation. "Fiscal consolidation is definitely on the cards because the lack of it will have an adverse effect on...