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Wednesday August 27th 2014

Posts Tagged ‘interest rate’

RBI raises Interest rate by 50 basis points

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 [...]

Bank Deposits might go up again

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.

Banks Paying High Fixed Deposit Rates as of December 2010

Banks Paying High Fixed Deposit Rates as of December 2010 Bank Name Period of Investment Normal Senior Citizen Allahabad Bank 2 years-3 years 7 7.5 Andhra Bank 3 years 8.6 9.1 Bank Of Baroda (BOB) 445 days-3 years 8.25 8.75 Bank Of India (BOI) 2 years-3 years 8.25 8.75 [...]

Reserve Bank of India raised Key Interest Rates

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 [...]

RBI has increased CRR and Repo and Reverse Repo Rate by 25 basis points.

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 at 17.70 Percent

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 raised Repo and Reverse Repo Rate by .5 Per cent

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 [...]

CRR hiked by 75 basis points – RBI Announced

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 offering Home Loan below 8 percent

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 [...]

Reserve Bank keeps all the Key Interest Rates Unchanged

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 cuts Interest Rate

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 .

Reserve Bank of India Cuts 50 Basis Points on Repo and Reverse Repo Rate

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 reduces Home loan interest rate to 8 percent

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 [...]

Reserve Bank of India keeps the Key Rates Unchanged

Reserve Bank of india keeps all the key rates unchanged and also they reduced the overall GDP groth to 7 percent from 7.5 to 8 percent and have targeted the inflation percent at 3 percent by the end of march 2009.

Reserve Bank of India Cuts CRR Rate , Repo Rate and Reserve Repo Rate

In order to cope up with the Global recession all the country are doing this almost every month and India which was not really into recession is trying to take all the measure to kepp away from it , But its kind of deeper that expected , Out of the various cuts that Reserve bannk of india has did this is the latest Repor Rate cut To reduce the [...]

ICICI Bank Cuts Interest Rate on Home Loan

So After RBI news on cut in Lending rate to banks i ment the Repo Rate , Banks came out with news on lending rate cut , Im not sure if ICIC bank has done any Cuts before this but now thay have announced that ICICI Bank has cut interest rates on new home loan below Rs 20 lakh by 1.5% to 11.5%.

Home loan interest might get cheaper – Banks agree to cut Prime Lending Rate

PSU Bank after meeting with finance minister P.Chidambaram have agree to cut the Prime lending rate by 75 basis points.Not sure it will be straight 75 basis points cut but it will be in the range .So india inc can breath little bit easy ,Credit guarantee on loans will be extended to Rs one lakh crore and deposit rates will be cut by 50 basis [...]

Reserve Bank Reduces Repo Rate by 1 percent from 9 to 8 percent

Reserve Bank on a sudden move reduced the Repo rate today by 100 basis points or 1 percent from 9 to 8 percsnt .This is like one of the measure that investors and banks was looking for because of the liquidity crunch .This cut has happen like on a suddent and one of the highest in 4 years i think.So This means that Banks can get money from RBI at [...]

RBI cuts another 100 basis points on CRR to induce 40,000 crore

So in 10 days RBI has almost cut 2.5 percent thats really mind blowing not sure why they say every time there is no problem and cut the CRR rate like this , This will induce more money into the Money market but not sure if this is going to raise the inflation , we will worry about that later , On Wednesday RBI announced that it will cut the Cash [...]

CRR Repo Rate increased by half a percent to 8 percent

RBI started taking action to reduce the inflation , They decided that there is too much liquidity in the indian money system and have asked the banks to give half percent more cast out of thr system to reserve bank in a two step process which will In the first stage, CRR will be increased to 7.75% from April 26, and in the second by 0.25% (25 [...]

Inflation finally down to 7.14 percent from 7.41 percent

Inflation for week ended April 5 are at 7.14% Vs 7.41%. Market estimates were at 7.3%. This is the first weekly decline in inflation after 8 weeks of rise.But already the RBI has taken mesaure to decrease it more down by increasing the CRR repo by 50 basis point.