Official bank rate
Reserve Bank of India (RBI) cuts its key lending rate
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish ..
Tags: Central bank • Finance • Finance in India • Inflation • Interest Rates
RBI cuts policy repo rate in its 3rd bi-monthly Monetary Policy Statement for FY 20
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has recently announcement its 3rd bi-monthly Monetary Policy Statement for FY 20 (2019-20). In it, RBI reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by ..
Tags: Bank of England • Bank rate • Finance • Finance in India • Interest Rates
SBI introduces repo-linked home loan product
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will ..
Tags: Federal funds rate • Finance • Finance in India • Interest rate • Interest Rates
6-member Monetary Policy Committee of RBI reduces repo rate
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from 6.0% with immediate effect in its 2nd bi-monthly monetary policy statement for ..
Tags: Bank rate • Central bank • Finance • Finance in India • Interest rate
SBI becomes first Indian bank to link interest rates to RBI’s repo rate
The State Bank of India (SBI) has become the first bank in the country to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as the effective interest rate ..
Tags: Banking in India • Finance • Finance in India • Interest rate • Money
1st Bi-monthly Monetary Policy Statement Released
On the basis of an assessment of the current macroeconomic situation, the Monetary Policy Committee at its meeting decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0% from 6.25% with ..
Tags: Bank rate • Finance • Finance in India • Interest Rates • LAF