It’s definitely good news for people who have car loan and home loans since the rate of payment is to come down. This is due to the action done by Reserve Bank of India where it slashed cash reserve ratio by 25 basis point to 4.50 %. For the knowledge of everyone, the CRR is […]
India’s biggest nationalized bank State Bank of India (SBI) has decided to deduct rates on some of the loans provided by them. SBI is planning to reduce the rates in the sector-specific loans, though the Reserve Bank of India (RBI) hasn’t cut down the repo rate till date. The bank’s asset liability committee (ALCO) will […]
The Reserve Bank of India on Friday cut the cash reserve ratio by a ‘astonishingly aggressive’ 75 basis points. The move to cut the amount of cash that banks need to park with the RBI (or CRR) from 5.50 per cent to 4.75 per cent of deposits is intended at easing the importunate liquidity crunch […]
Reserve Bank of India declared that it’s not going to cut key policy rates or interest rates in the third quarter review of the monetary policy on Tuesday. This decision was taken keeping in mind the increased inflation risk. The same is the case with interest rates and liquidity pressure in the banking system. RBI […]
As inflation started showing signs of decreasing a lot of changes have taken place in the market. Headline inflation fell to 7.47% in December 2011, from 9.11% in the previous month. This is the lowest inflation value in the past two years according to the report given by Wholesale Price Index (WPI). Assocham, The Associated […]
