Diabytes
Repo rate cut News
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Bank of Baroda has reduced its repo rate-linked lending rate (RLLR) by 50 basis points, following the RBI’s recent rate cut.
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RBI on Friday (March 27, 2020) cut the Repo Rate by 75 basis points to 4.4 per cent and slashed Reverse Repo Rate by 90 basis points to 4 per cent as part of measures to ease the pain on banks and industries which are suffering from the lock down as he called coronavirus pandemic an ''unprecedented threat and invisible assassin''.
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It will release its sixth bi-monthly Monetary Policy Statement for 2019-20. The resolution of the MPC will be placed on the website at 11.45 AM on February 6, 2020.
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This segment of Zee News brings top news stories of the day. Watch this video to know the latest news headlines.
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The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 percent amid falling economic growth and uncertain global scenario. Watch this video to know more.
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Reserve Bank will go for another round of rate cut in its December review, keeping in line with its dovish stance in the last policy, which might be followed by a pause in the medium term, according to foreign brokerage HSBC.
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The banking sector struggling with bad loans is not expected to lower interest rates anytime in the near future, as banks have to clean up their balance sheets before lowering the interest rates, said RBI Governor Raghuram Rajan.
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Will the Reserve Bank of India slash the repo rate?
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Towards the end of financial year 2015-16, the Reserve Bank of India is approaching the end of its rate-cutting cycle and is expected to slash the repo rate by 0.25 percent on Feb 2
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Finance Minister Arun Jaitely said that as soon as banks recover from the pressure of loan defaults on balance sheets, they will pass on the benefit of the repo rate cut to consumers
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A 50 basis points repo rate cut and slew of policy measures announced by the Reserve Bank in the recent monetary policy review could attract an average annual flow of Rs 48,000 crore in government bonds from overseas investors for the next few years, says a report.
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A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, Friday lowered its base rate by 0.10 percent to 9.85 percent, effective June 30.
The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.
The Reserve Bank of India (RBI) is expected to cut rates in its June policy review meeting on softening food prices, analysts have said.
With the second surprise 25 bps repo rate cut by the Reserve Bank on March 4, the policy rates have reached neutral and the average policy rate over the next three years should be around 7.4 per cent, says a report.
The 50-share NSE Nifty today made a new high 9,119.20, surpassing its previous intra-day high of 9,008.40 hit yesterday.
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