The Reserve Bank of India (RBI) was widely expected to announce a 4th consecutive cut in repo rates and the script has played out exactly as anticipated once the MPC (Monetary Policy Committee) released its decisions. All 6 members of the committee voted for the cut in repo rates which is the fourth such consecutive […]
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Is the RBI planning another rate cut soon?
The Reserve Bank of India (RBI) may set celebratory crackers bursting even before the onset of the festive season in India this year. This is because several industry experts and economists are anticipating a further cut in repo rates courtesy the apex bank of the country. In a unique trend to spark growth, the RBI […]
RBI reduces repo rate, more rate cuts on the cards?
The RBI (Reserve Bank of India) has recently changed its monetary policy stand to neutral as compared to calibrated tightening previously. As a result, there may be several more rate cuts in the offing as per banking industry experts. With the RBI slashing the repo rate to the tune of 25 basis points at its […]
MCLR system may be changed by RBI soon
The RBI (Reserve Bank of India) has stated that the guidelines on MCLR (marginal cost of funds based lending rate) will soon be reviewed and this system may be phased out soon with a new system for calculating lending rates. The MCLR will be done away with only 3 years after being introduced. RBI will […]
Fixed deposit interest rates hiked at HDFC Bank
A few days after the repo rates have been increased by the RBI (Reserve Bank of India), HDFC Bank has officially hiked the fixed deposit interest rates for diverse maturities. The hike up to 0.6% has come into effect from the 6th of August, 2018, as per reports. The hike in FD rates will also […]
