Official bank rate

Reserve Bank of India (RBI) cuts its key lending rate

Created: October 4, 2019

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 ..

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RBI cuts policy repo rate in its 3rd bi-monthly Monetary Policy Statement for FY 20

Created: August 8, 2019

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 ..

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SBI introduces repo-linked home loan product

Created: June 11, 2019

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 ..

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6-member Monetary Policy Committee of RBI reduces repo rate

Created: June 6, 2019

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 ..

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SBI becomes first Indian bank to link interest rates to RBI’s repo rate

Created: May 4, 2019

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 ..

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1st Bi-monthly Monetary Policy Statement Released

Created: April 5, 2019

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 ..

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