The Reserve Bank of India (RBI) on Friday hiked the cash reserve ratio (CRR) for commercial banks by an unexpected 75 basis points, in a clear bid to curb inflationary expectations in the economy. Cash reserve ratio is the minimum liquid assets banks have to retain against deposits or park with the central bank in the form of government securities. All other policy rates were left unchanged.
The reduction will be applicable for deposits below Rs 1 crore.
http://www.ibnlive.com/news/sbi-trims-deposit-rates-across-select-maturities/97837-7.html
Budget may make loans cheaper but would they be cheap enough.
http://ibnlive.in.com/videos/95488/buy-that-house-now-or-wait-heres-advice.html
The result would mean a cheaper home, car and personal loans.
http://ibnlive.in.com/videos/94602/fm-asks-banks-to-lower-lending-rates-banks-ready.html
You could now book at 9.75 per cent interest rate by paying 0.5 per cent.
http://www.ibnlive.com/news/icici-drops-home-loan-rates-for-existing-customers/89593-7.html
Major part of the Government's revenue comes from borrowings.
http://www.ibnlive.com/news/where-the-rupee-comes-from-and-goes/85497-7.html
Interest rates in double digits by most banks comes as a breather.
http://www.ibnlive.com/news/rate-cut-war-should-i-shift-my-home-loan/84613-7.html
RBI monitors situation to keep markets active, soft interests rates help.
http://www.ibnlive.com/news/psu-banks-to-cut-interest-rates--sbi-for-further-cut/84273-7.html
SBI will offer home loans at an interest rate of 8 per cent for one year.
http://www.ibnlive.com/news/sbis-bonanza-freezes-home-loan-rate-for-1-year/84192-7.html
Decision of home loan rate cut is to be formally announced on Monday.
http://www.ibnlive.com/news/hdfc-set-to-cut-rates-for-new-home-loans/82922-7.html
The bank also cut rates for home loans by 50 basis points.
http://www.ibnlive.com/news/icici-bank-cuts-lending-rates-by-50-bps/81698-7.html
SBI announced a 0.75 per cent cut and its PLR now stands at 12.25 per cent.
http://www.ibnlive.com/news/sbi-slashes-lending-deposit-interest-rates/81012-7.html
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