‘Interest Rates’ Archives
India's central bank Tuesday took measure that the goveenment failed to make ,it hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their interest on personal and corporate loans. The repurchase rate, or the interest levied on short-term [...]
Its almost 6 months bank dint raise the deposit rate ,im thinkig in 10 days or so they might raise it again as all the banks started raising bplrs.we might hit the 11 % mark soon in this year .I will talk about various deposit rates that is prevailin in banks soon in another post.
Reserve Bank of India in a bid to put brake to the raising Inflation rate has decided in its first monetary policy review of 2012, to raise repo and reverse repo rates by 50 basis points. This puts repo (rate at which it lends to banks) to 7.25% and reverse repo (rate at which it borrows) to 6.25%. However, the CRR has been left unchanged at 6%. [...]
So RBI which raised almost 25 basis points on the Repo and Reverse Repo rate , Government announced that 4.75 Lakh people who have invested in Provident Fund will get 1 Percent more interest from now ,On Thursday, the government approved an increase in interest rates on provident fund balances to 9.5% for the current financial year, from 8.5% in [...]
With Inflation raising UP and Down and Oil prices going up , the Reserve Bank of India informed today that they have hiked key policy rates for the eighth time since last March by 25 basis points in its mid-quarterly review on Thursday , The repo and reverse repo rates were hiked by 25 bps to 6.75 per cent and 5.75 per cent, respectively. CRR was [...]
Sorry this post was there in my database and got by mistake updated now - sorry about the confusion - originally they had the proposed interest rate and they changed it when the bond opened itself .State Bank of India informed the market that it has cut the interest rate on its proposed public issue of subordinated bonds aggregating up to Rs [...]
RBI informed the market that in its quarterly monetary policy review which happened today Tuesday have soaring inflation stalks Asia's third-largest economy.On behalf of that RBI raised repo and reverse repo rates by 25 basis points each. >Repo rate , the one at which RBI lends to banks will now be 6.50%, >Reverse repo,The rate banks receive [...]
RBI hikes Repo and Reverse Repo rates by 25 bps to 6.25% and 5.25% respectively; bank provisioning for teaser loans to increase to 2%.However, RBI left the CRR unchanged at 6%. For FY11, the GDP forecast has been kept unchanged at 8.5%. FY11 M3 growth has also been kept unchanged at 17%. RBI has kept FY11 WPI (Old Series) [...]
Reserve Bank of India which was too much worried about inflation and the government not taking too many good measures for taming the same has said that the growth in headline inflation is the biggest concern for the RBI.And to curtail the higher inflationary growth, RBI hikes repo and reverse repo rate by 25 and 50 bps respectively.
SHRIRAM TRANSPORT FINANCE which opened at 732 or so on Friday and had a low of 725 or was hovering at that rate until 2.00 or so in the noon and there was a sudden spurt in volume and the stock closed at 769.20 up by almost 4.99 percent or 36.55 Rs. The only news that came out is that "Shriram Transport Finance, small and medium commercial [...]
The Reserve Bank of India informed the market today that they have raised both Repo Rate and RRR, they have raised the key interest rates by more than expected and this is one of the main measure to control high inflation . Repo Rate which is bank’s short term lending rate has been raised by 25 basis points to 5.75 percent and also it raised [...]
Shriram Transport Finance Company - They are the largest asset financing NBFC with a primary focus on financing pre-owned commercial vehicles*.They are among the leading financing institutions in the organized sector for the commercial vehicle industry in India for FTUs and SRTOs. They also provide financing for passenger commercial vehicles, [...]
Reserve Bank of India has raised the >Reverse repo rate under the LAF by 25 basis points from 3.5 Percent to 3.75 Percent with immediate effect and also increased the >Repo rate under the Liquidity Adjustment Facility (LAF) by 25 point from 5.0 Percent to 5.25 Percent with immediate effect. >Cash reserve ratio (CRR) of [...]
Food Inflation data came oput today which was at staggering 17.70 percent compared to 16.35 percent.Reserve Bank of India (RBI) reviews its policy on April 20 not sure if they will wait till that rate for raising interest rates , we will see , but this is a sure sign of interest rates raising , already bank stock felt the ehat and it was stammered [...]
RBI announced as part of efforts to control inflation worries that it has >It has to raise the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.75 per cent to 5.0 per cent with immediate effect. >And also to raise the reverse repo rate under the LAF by 25 basis points from 3.25 per cent to 3.5 per cent with [...]
Food inflation data was released today and the food inflation covers wholesale prices of lentils, rice, vegetables and other food articles has increased to 17.94 percent in the week to Jan. 30 from a year earlier , it was at 17.56 percent previous week.
Credit policy meeting outcome has come out and they have raised the CRR by 75 basis points , RBI has increased cash reserve ratio by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate [...]
DCB - Development Credit Bank which is a publicly listed private bank said that they are going to offer home loan rate below 8 percent , which is one of kind and think one of the lowest in the market but wait you knw how below 8 percent its just .05 percent down , anyway they are offering for 7.95 percent for the first year for loan amount upto 5 [...]
state bank of india revises deposit rates down by 25 basis points from october 5th 2009 on all its term deposits, this is for all domestic deposit rates below 1 crore.
Reserve Bank of India informed today that Central Bank after the Policy review today have kept all the 3 Key interest rates unchanged . Reserve Bank of India (RBI) which took several mesaure starting almost from october 2008 have lowered all the Key Inetrest rates. >Repo rate, or its key short-term lending rate, was cut by [...]
State Bank of India yeaterday announced that it will be cutting benchmark prime lending rate by 50 basis points to 11.75 per cent with effect from June 29.This is the second bank after Union bank of india , and im sure more banks will follow this .They did cut deposit rate by 25 basis point on june 15th 2009 .
Union Bank of India informed the market yesterday that they have announced a 25-basis-point reduction in PLR to 11.75 per cent, and that will be effective from July 1st 2009 , think Union Bank of india is the first to do it after a long time and this is infact the first bank to do it after the Finance Minister’s meeting with PSU bank chiefs on [...]
Reserve Bank of India (RBI) informed yesterday that it has , cut its key short-term rates by 25 basis points each on Tuesday, 21 April 2009, to prop up growth amid global economic slowdown. The repo rate, at which the RBI lends to the banks, was cut to 4.75%, and the reverse repo rate, at which the RBI absorbs excess cash from banks, [...]
RBI announced after the market closed yesterday that it will go ahead and cut repo rate, reverse repo rate by 50 basis points each with immediate effect.After the cut the Repo Rate stands at 5 percent and the reverse Repo Rate stand at 3.5 percent.The GDP figure which came out well below expectation had made them to reduce the rate.
SBI informed the market yesterday that it has reduced the home loan rate at 8 percent compared to what it is now , the catch is its only for the first 1 year from the date of approval after that it will change to normal rate whatever it is at that time .This scheme again is not all the time if you have the loan bought between February 2 and April [...]