In a statement on June 6, 2018, the Reserve Bank of India (RBI) said that it has decided to revise the housing loan limits for priority sector lending (PSL) eligibility from Rs 28 lakhs … READ FULL STORY
The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY
The Reserve Bank of India (RBI), on June 6, 2018, for the first time in four-and-half-years, raised the key interest rate by 25 basis points to 6.25 per cent, on inflation concerns arising from … READ FULL STORY
Public sector banks, such as the State Bank of India and private sector lender, ICICI Bank, have recently announced an increase in their marginal cost of funds-based lending rate (MCLR). Consequently, the interest rates … READ FULL STORY
The Reserve Bank of India (RBI), on April 5, 2018, kept the key policy rate unchanged at six per cent, for the fourth consecutive time since August 2017, in view of uncertainties around inflation. … READ FULL STORY
Even as rivals continue to be reluctant about adopting external benchmarks for setting lending rates, American lender Citi, on March 5, 2018, launched the country’s first market benchmark rate-linked lending product. The bank has … READ FULL STORY
According to a report by CRISIL, the Reserve Bank of India’s (RBI’s) new framework on bad loans, has the potential to bring about a big change in the approach of banks, to monitor their … READ FULL STORY
The Reserve Bank of India (RBI), on February 12, 2018, abolished half a dozen existing loan-restructuring mechanisms and instead, provided for a strict 180-day timeline for banks to agree on a resolution plan, in … READ FULL STORY
The Reserve Bank of India (RBI), on February 12, 2018, came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and … READ FULL STORY
As the Marginal Cost of Funds-based Lending Rates (MCLR) system is more sensitive to policy rate signals, it has been decided to harmonise the methodology of determining benchmark rates, by linking the Base Rate … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2018, kept the repo rate unchanged at six per cent for the third time in a row, saying that higher government spending would accelerate inflation … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2018, opted for the widely expected status quo in key rates, citing inflation concerns and flagged risks from wider fiscal deficit. The repo rate, at … READ FULL STORY
State Bank of India (SBI) has announced a massive reduction in its base rate, from 8.95 per cent to 8.65 per cent, effective from January 1, 2018. With other banks expected to follow suit, … READ FULL STORY
