Last Updated:February 15, 2025, 07:00 IST Lending and deposit rates are impacted by the repo rate drop because it reduces banks’ cost of funding. Lower fixed deposit (FD) interest rates will result from a lower repo rate, and vice versa. DCB Bank slashes FD rates post RBI repo rate cut. DCB Bank, a private sector…
Last Updated:February 17, 2025, 11:48 IST In the RBI’s Monetary Policy Committee (MPC) meeting held between February 05 to February 07, 2025, the members unanimously decided to cut its Repo Rate (benchmark lending rate) by 25 basis points to 6.25 per cent from 6.50 per cent. RBI cut repo rate by 25 bps. SBI Home…
Governor Shaktikanta Das said the RBI has identified high inflation as a major risk to macroeconomic stability and sustainable growth and remains resolutely focused on aligning inflation to the 4% target on a durable basis. (PTI/File) RBI Governor Shaktikanta Das said the monetary policy committee has decided to keep the repo rate unchanged at 6.5%….
The repo rate was raised by 250 basis points cumulatively between May 2022 and February 2023. RBI has raised the repo rate by 250 basis points in the current rate hike cycle but it has not fully translated into either the deposit rates or the lending rates of the banks, says Governor Shaktikanta Das RBI…
The Reserve Bank of India on Friday (October 6) decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Also Read: RBI…
Curated By: Business Desk Last Updated: August 11, 2023, 14:07 IST The Reserve Bank of India (RBI) has revised its retail inflation projection for the fiscal year 2023-24, increasing it to 5.4 per cent from the earlier estimate of 5.1 per cent. After a meeting with the Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das…
The Induslnd bank is now offering an interest between 3.5% to 7.50% on FDs depending on maturities of 7 days to 10 years. The new rates are implemented from August 05, 2023. Source link
The RBI’s monetary policy committee (MPC) on Thursday unanimously decided to keep the key policy rate unchanged at 6.5 per cent, in line with expectations. This is the third time in a row that the central bank has paused the key interest rates. The RBI MPC also kept the SDF unchanged at 6.25 per cent, and…