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Karnataka Bank on Thursday reduced interest rate to 3 per cent for accounts having deposits of less than Rs 1 lakh.

Karnataka Bank cuts interest rate, pay 3 per cent on deposit of Rs 1...

Earlier this week, SBI slashed interest on savings account deposits by 50 bps to 3.5 per cent on balance up to Rs 1...

3 Aug 2017 10:01 AM IST

Reserve Bank of India

RBI becomes first central bank in Asia to cut rates in 2017

The RBI on Wednesday also cut the reverse repo rate by 25 bps to 5.75 percent.

3 Aug 2017 9:29 AM IST

The RBI under governor Urjit Patel has also been criticised recently after surprising investors by keeping interest rates on hold last week, the second time in a row it has wrong-footed investors with its monetary policy decision.

Rate cut is an important step for growth: Centre

The government had been pitching for a rate cut to boost economic growth amid retail inflation falling to a historic low...

3 Aug 2017 12:51 AM IST

RBI governor Urjit Patel

Interest rate touches 6-year low after RBI's rate cut

EMIs may not fall immediately, Patel worried about rise in inflation.

3 Aug 2017 12:49 AM IST

RBI Governor Urjit Patel

Rate cut to boost private investment, resolve debt overhang: Patel

The 0.25 per cent lowering of the repo rate to 6 per cent comes after a 10-month pause.

2 Aug 2017 7:20 PM IST

The recent measures taken by the Reserve Bank of India (RBI) to resolve non performing assets (NPAs) in the banking system under the Insolvency and Bankruptcy Code (IBC) would require banks to take a 60 per cent haircut on their loan assets, ratings agency Crisil said on Monday.

RBI proposes Rs 5,000 cr separate IRF investment window for FPIs

FPIs access to interest rate futures for hedging purposes will continue as before.

2 Aug 2017 6:58 PM IST

In the good old days, banks took your money happily, gave us savings bank interest at four or five per cent per annum.

RBI unsatisfied with MCLR, asks banks to lower rates further

The central bank has constituted an internal study group across several clusters on various aspects of MCLR.

2 Aug 2017 6:32 PM IST

According to Icra, the total housing credit growth dropped to 16 per cent in FY17 from 19 per cent in FY16, with the overall housing credit standing at Rs 14.4 lakh crore as on March 31, 2017.

'RBI rate cut to boost housing sales this festive season'

Reduction in Repo rate will push the banks to further reduce the lending rates.

2 Aug 2017 6:19 PM IST

RBI governor Urjit Patel

Watch: Urjit Patel speaks after rate cut

Central bank on Wednesday cut repo rate by 25 basis points to 6 per cent.

2 Aug 2017 5:54 PM IST

Deepak Parekh, Chairman, HDFC

Rate cut on expected lines, 'good move' for economy: Deepak Parekh

Parekh further agreed with RBI's view that implementation of the Goods and Services Tax (GST) was fairly smooth.

2 Aug 2017 5:36 PM IST

NITI Aayog, along with Nasscom and telecom operators, will also be launching a helpline for all digital payments-related queries soon. (Photo: Representational Image)

'111.45 crore digital payment transactions made in May 2017'

In February number dipped to 101.18 crore but surged to 119.07 crore in the following month.

2 Aug 2017 5:28 PM IST

For the Kharif season of 2016-17, 7.02 lakh farmers insured crops in 5.92 lakh hectares. For Rabi, 2.27 lakh farmers insured their crops on 2.78 lakh hectares. (Representational Image)

States' farm loan waivers may result in fiscal slippages: RBI

Uttar Pradesh, Punjab, Maharashtra and Karnataka are among the states that have announced loan waivers for farmers.

2 Aug 2017 5:22 PM IST