Linking retail loans with external benchmark: Banks may not sharply trim lending rates despite new RBI norms
5 years, 4 months ago

Linking retail loans with external benchmark: Banks may not sharply trim lending rates despite new RBI norms

Firstpost  

The RBI ordered all banks to link certain loans to the external benchmark based interest rate from 1 October, saying banks had not satisfactorily passed on the benefit of recent policy rate cuts to consumers. Mumbai: The Reserve Bank of India’s move to compel lenders to link all new floating rate retail loans to external benchmarks is unlikely to achieve the intended goal of reducing interest rates sharply for consumers anytime soon, bankers and analysts said. The RBI late on Wednesday ordered all banks to link certain loans to the external benchmark based interest rate from 1 October, saying banks had not satisfactorily passed on the benefit of recent policy rate cuts to consumers. “India’s banking system’s liability side is not equipped to handle such a structural transformation … so to expect banks to borrow fixed and lend floating rate, especially at rates linked to an external benchmark, may not be practical,” Suresh Ganapathy of Macquarie Capital Securities said in a note.

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History of this topic

HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
1 week, 1 day ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

Personal loans: Impact of rate cuts on different types of loans – An explainer
1 week, 2 days ago

Personal loans: Impact of rate cuts on different types of loans – An explainer

Live Mint  

Early this year, the Reserve Bank of India is expected to cut down benchmark interest rates. This means when repo rates are cut, depositors will earn lower rates on their deposits and borrowers will be able to withdraw money at lower interest rates. Personal loan Banks generally charge interest from borrowers based on marginal cost of funds-based lending rate which …

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began
1 year, 2 months ago

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began

ABC  

After keeping rates on hold for the past four meetings, the Reserve Bank has resumed hiking its cash rate target, with a quarter of a percentage point increase taking the benchmark interest rate to 4.35 per cent. Key points: At 4.35 per cent, the cash rate is at its highest level in 12 years The rate rise will add around …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 11 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

RBI hikes benchmark lending rate by 35 basis points to tame inflation
2 years, 1 month ago

RBI hikes benchmark lending rate by 35 basis points to tame inflation

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index …

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do
2 years, 1 month ago

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do

News 18  

RBI MPC Meeting December 2022: The Reserve Bank of India has increased the repo rate by 35 basis points to 6.25 per cent in its December Monetary Policy Committee meeting. Atul Monga, CEO and co-founder of BASIC Home Loan, said: “An increase in interest rates will be felt especially by the new borrowers, existing borrowers will not usually be affected …

RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive
2 years, 1 month ago

RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive

India TV News  

The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index based …

Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike
2 years, 1 month ago

Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike

The Hindu  

All major banks have increased their external benchmark-based lending rates by 190 basis points in tandem with the hike in the Reserve Bank's policy repo rate since May this year, though they have been slow in raising the deposit rates. The RBI's Monetary Policy Committee, which makes recommendations to the central bank regarding interest rates, is set to meet again …

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock
2 years, 3 months ago

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock

ABP News  

The Reserve Bank of India’s Monetary Policy Committee on Friday raised the repo rate by 50 basis points for the fourth time in a row. As commercial banks link their retail loans to repo rate, the hike in rates will increase interest rates, making home loans costlier. Anarock in a statement on Friday said that with this repo rate hike, …

ICICI Bank, PNB, Bank of Baroda, Canara Bank Raise Loan Rates
2 years, 5 months ago

ICICI Bank, PNB, Bank of Baroda, Canara Bank Raise Loan Rates

News 18  

After the RBI’s Monetary Policy Committee in its latest policy review hiked the repo rate by 50 basis points to control inflation, ICICI Bank, PNB, Bank of Baroda, Canara Bank have raised their lending rates. Bank of Baroda said retail loans will now have an interest rate of 7.95 per cent, reflecting a spread of 2.55 per cent over the …

How loan EMIs, bank FDs could be impacted by RBI’s interest rate hike
2 years, 5 months ago

How loan EMIs, bank FDs could be impacted by RBI’s interest rate hike

Live Mint  

The Reserve Bank of India today raised repo rate by 50 bps to 5.40 per cent, thus reaching to pre-Covid levels. However, they said that RBI rate hike may become a costly affair for new loan borrowers and existing Repo Rate-linked long-term retail loans. Speaking on how one's retail loan's EMIs and bank fixed deposits will be impacted from this …

RBI monetary policy: Repo rate hiked by 50 bps; third consecutive rise
2 years, 5 months ago

RBI monetary policy: Repo rate hiked by 50 bps; third consecutive rise

Hindustan Times  

The Monetary Policy Committee of the RBI has unanimously decided to increase the repo rate by another 50 basis points – one basis point is one hundredth of a percentage point taking it to 5.4%, a level last seen in September 2019. The MPC has justified the decision by saying that “calibrated monetary policy action is needed to contain inflationary …

RBI hikes lending rate by 50 basis points to curb inflation; home loans, EMIs to get costlier
2 years, 5 months ago

RBI hikes lending rate by 50 basis points to curb inflation; home loans, EMIs to get costlier

India TV News  

Highlights RBI hikes lending rate by 50 basis points to curb inflation This is 3rd consecutive rate hike after 40 basis points in May and 50 basis points increase in June All 6 members of Monetary Policy Committee unanimously voted for the rate hike The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points …

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details
2 years, 7 months ago

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details

News 18  

As the RBI’s Monetary Policy Committee last week raised key repo rates, banks have started raising their interest rate offerings for loans and deposits. ICICI Bank last week also increased its external benchmark lending rate by 50 bps to 8.60 per cent. Punjab National Bank’s repo-linked lending rate has also been hiked and will now be 7.40 per cent, effective …

RBI likely to hike policy repo rate by 40-50 basis points, banks cautious
2 years, 7 months ago

RBI likely to hike policy repo rate by 40-50 basis points, banks cautious

Hindustan Times  

That the Monetary Policy Committee of the Reserve Bank of India will announce an increase in interest rates on June 8 is a given. The MPC increased policy rates by 40 basis points to 4.4% in an unscheduled meeting in May, even as it retained monetary policy stance as accommodative. Several private banks, including India’s largest private sector bank HDFC, …

RBI repo rate hike effect: These banks raised rates on lending, deposits
2 years, 8 months ago

RBI repo rate hike effect: These banks raised rates on lending, deposits

Live Mint  

Right after the Reserve Bank of India raised India's repo rate by 40 basis points, the banking sector mimicked the same by increasing interest rates in lending and deposit schemes. Here's a list of banks that have raised their interest rates on either lending benchmarks or fixed deposits or savings after RBI's repo rate hike. It said on its website, …

ICICI, Bank of Baroda, Bank of India hike interest rates on all types of loans
2 years, 8 months ago

ICICI, Bank of Baroda, Bank of India hike interest rates on all types of loans

India TV News  

Highlights RBI on Wednesday in a surprise move hiked the benchmark lending rate to 4.40% to contain inflation It marks the start of an upward cycle in borrowing costs in the last three years Commercial banks have already started increasing interest rate on all types of loans soon Private sector lender ICICI Bank has revised its external benchmark lending rate …

ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate increase
2 years, 8 months ago

ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate increase

The Hindu  

Private sector lender ICICI Bank revised its external benchmark lending rate to 8.1%, and state-owned Bank of Baroda raised the rate to 6.9% with immediate effect after the RBI raised the key repo rate. In an out-of-turn Monetary Committee Meeting, the Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges …

News18 Afternoon Digest: India Likely to Reduce Gap Between 2nd Covid Vaccine Shot, Booster Dose for Ease of Citizens Flying Abroad & Other Stories
2 years, 8 months ago

News18 Afternoon Digest: India Likely to Reduce Gap Between 2nd Covid Vaccine Shot, Booster Dose for Ease of Citizens Flying Abroad & Other Stories

News 18  

India Likely to Reduce Gap Between 2nd Covid Vaccine Shot, Booster Dose for Ease of Citizens Flying Abroad India may reduce the gap between the second Covid-19 vaccine shot and the precautionary third dose from nine to six months for citizens who are scheduled to travel abroad, especially to countries that have made it compulsory for travelers to produce their …

ICICI Bank, Bank of Baroda Hike Repo-Linked Lending Rates by 40 bps. How it Will Impact
2 years, 8 months ago

ICICI Bank, Bank of Baroda Hike Repo-Linked Lending Rates by 40 bps. How it Will Impact

News 18  

After a mid-cyclic RBI rate hike, on Thursday, ICICI Bank raises the external benchmark lending rate by 40 bps to 8.10 per cent. So, now that the RBI has increased the repo rate, lenders like ICICI, and Bank of Baroda have hiked their repo-linked interest rates against home loans, car loans, and others. Hence, the 40 bps repo rate hike …

Home, auto loans EMIs set to go up after RBI's unscheduled interest rate hike | Details
2 years, 8 months ago

Home, auto loans EMIs set to go up after RBI's unscheduled interest rate hike | Details

India TV News  

Highlights RBI in a surprise move hiked the benchmark lending rate to 4.40% to contain inflation This is the first-rate hike by the RBI since August 2018 Commercial banks are likely to hike interest rate on all types of retail & institutional loans soon Home Loans to be costlier: In a move that will raise EMIs of home loan and …

Explained: Difference between repo rates, MCLR, base rate and prime lending rate
3 years, 9 months ago

Explained: Difference between repo rates, MCLR, base rate and prime lending rate

Live Mint  

Borrowers had long complained that lenders were quick to increase interest rates on home loans when the Reserve Bank of India increased policy rates. How lenders decide on interest rates Lenders usually have an internal rate, which is the benchmark rate. New benchmark When none of these solved the problem, the central bank introduced a new method—external benchmark-based lending rates. …

Bank of Baroda reduces lending rate by 15 bps to 6.85%. Here's who can avail benefit
4 years, 2 months ago

Bank of Baroda reduces lending rate by 15 bps to 6.85%. Here's who can avail benefit

India TV News  

Bank of Baroda, India's third-largest public sector bank, announced a reduction in Baroda Repo Linked Lending Rate from seven per cent to 6.85 per cent. The customers availing a home loan, mortgage loan, car loan, education loan, personal loan and all other retail loan products could avail of this benefit. Now with the revision of BRLLR, home loan rates start …

Bank of Baroda Slashes Repo-linked Lending Rate by 15 Basis Points
4 years, 2 months ago

Bank of Baroda Slashes Repo-linked Lending Rate by 15 Basis Points

News 18  

State-run Bank of Baroda on Saturday announced a 15 basis points reduction in its repo-linked lending rate to 6.85 per cent from 7 per cent earlier, effective November 1. The lender's retail loans- home loan, mortgage loan, car loan, education loan and personal loan are linked to its Baroda Repo Linked Lending Rate. With the current revision in BRLLR, home …

'Banks Not Passing Benefits Of Multiple Cuts In Policy Rates To Customers': Plea In SC Seeks Extension Of RBI Loan Moratorium, Fixation Of Lending Rates
4 years, 5 months ago

'Banks Not Passing Benefits Of Multiple Cuts In Policy Rates To Customers': Plea In SC Seeks Extension Of RBI Loan Moratorium, Fixation Of Lending Rates

Live Law  

A writ petition has been filed in the Supreme Court seeking the extension of the loan moratorium announced by the Reserve Bank of India beyond August 31 for a period of 18 months.The petition filed by Coimbatore Jewellery Manufacturers Association A writ petition has been filed in the Supreme Court seeking the extension of the loan moratorium announced by the …

Home loans get cheaper as SBI cuts lending rates
4 years, 7 months ago

Home loans get cheaper as SBI cuts lending rates

The Hindu  

Country’s largest lender State Bank of India has reduced the marginal cost of fund based lending rate by 25 bps across all tenors. The lending rate reduction comes after Reserve Bank of India cut the repo rate by 40 bps in May. Following the repo rate cut, the lending rates of SBI which are linked to the repo rate, are …

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review
4 years, 9 months ago

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review

Firstpost  

The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic The RBI on Friday allowed …

RBI cuts rates, allows moratorium on auto, home loan EMIs
4 years, 9 months ago

RBI cuts rates, allows moratorium on auto, home loan EMIs

The Hindu  

The Reserve Bank of India has opened up the liquidity floodgates for banks even as it reduced the key interest rate sharply by 75 bps and allowed equated monthly instalments to be deferred by three months in a move to fight the economic impact of the countrywide lockdown to check the spread of novel coronavirus. Apart from cutting the repo …

SBI home loan EMIs to fall, bank cuts external benchmark based rate
5 years ago

SBI home loan EMIs to fall, bank cuts external benchmark based rate

Live Mint  

State Bank of India, the country’s largest lender, today announced a reduction in its external benchmark based rate by 25 bps to 7.80% per annum, from 8.05% per annum. With this reduction, interest rate for existing home loan customers as well as MSME borrowers who have availed loans linked to external benchmark based rate would come down by 25 basis …

Rate cut expected today as markets awaits RBI monetary policy review
5 years, 1 month ago

Rate cut expected today as markets awaits RBI monetary policy review

India TV News  

The Reserve Bank of India is likely to announce the Monetary Policy Committee's decision on lending rates on Thursday, as the Indian equity markets witness a slow economy and low economic sentiments. "Market is cautiously awaiting RBI monetary policy meeting to be held tomorrow where it expects the central bank to deliver its sixth rate cut of the year despite …

Slowdown Blues: RBI likely to cut interest rates for the 6th straight time to support growth
5 years, 1 month ago

Slowdown Blues: RBI likely to cut interest rates for the 6th straight time to support growth

India TV News  

The Reserve Bank of India is expected to cut interest rates for the sixth straight time on December 5 to support growth as GDP has continued to slip to more than six-year low on a slump in manufacturing. To be noted, RBI has cut interest rates on every single occasion the multi-member monetary policy committee has met since Shaktikanta Das …

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
5 years, 3 months ago

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

Firstpost  

New Delhi: About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month. In line with the decision of RBI to reduce repo rate by 25 basis points, …

Half a dozen public sector banks cut lending rates by up to 0.25%
5 years, 3 months ago

Half a dozen public sector banks cut lending rates by up to 0.25%

India TV News  

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month. In line with the decision of RBI to reduce repo rate by 25 basis points, the bank …

SBI lowers rates on non-repo-linked loans by 10 bps
5 years, 3 months ago

SBI lowers rates on non-repo-linked loans by 10 bps

India TV News  

State Bank of India on Wednesday announced reduction in its marginal cost of fund based lending rate by 10 basis points across all tenors, effective October 10. This is the sixth time that the country’s largest lender has cut its MCLR or minimum lending rate in the current financial year. "In view of the festival season and extending the benefits …

SBI cuts lending rates by 10 bps, retail loans to get cheaper
5 years, 3 months ago

SBI cuts lending rates by 10 bps, retail loans to get cheaper

India Today  

The State Bank of India on Wednesday announced lowering its marginal cost of funds based lending rate by 10 basis points across all tenors to 8.05 per cent from October 10. The bank's one-year MCLR has been brought down from 8.15 per cent per annum to 8.05 per cent per annum. So if an existing home loan is linked to …

Cheers for borrowers! RBI cuts repo rate by 0.25%; home, car, personal loans EMI to getcheaper
5 years, 3 months ago

Cheers for borrowers! RBI cuts repo rate by 0.25%; home, car, personal loans EMI to getcheaper

India TV News  

RBI Repo Rate Cut: The Reserve Bank of India on Friday cut its benchmark lending rate by 0.25 per cent to revive growth that has hit a six-year low of 5 per cent. With this cut, the repo rate, at which it lends to the system, will now come down to 5.15 per cent and push consumption during the ongoing …

RBI monetary policy: Central bank cuts repo rate by 25 bps to 5.15% to support growth; other key highlights of MPC statement
5 years, 3 months ago

RBI monetary policy: Central bank cuts repo rate by 25 bps to 5.15% to support growth; other key highlights of MPC statement

Firstpost  

The Reserve Bank on Friday cut its key rates by 0.25 percent to boost economy from six-year low saying reduction was necessary to revive growth The Reserve Bank on Friday cut its key rates by 0.25 percent to boost economy from six-year low saying reduction was necessary to revive growth. With first-quarter GDP growth plunging to 5 percent, the RBI …

RBI cuts repo rate by 25 basis points, slashes GDP growth estimates
5 years, 3 months ago

RBI cuts repo rate by 25 basis points, slashes GDP growth estimates

Live Mint  

The Reserve Bank of India today cut its benchmark interest rates for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%. …

Loans to become cheaper after RBI cuts interest rate to a decade low
5 years, 3 months ago

Loans to become cheaper after RBI cuts interest rate to a decade low

India Today  

Home, auto and other loans are set to become cheaper after the Reserve Bank of India on Friday cut interest rates for a record fifth straight time to almost a decade low as it moved aggressively to revive economic growth languishing at six-year lows. With all six members of the Monetary Policy Committee voting in favour of a rate cut …

RBI policy review: Will central bank opt for another rate cut today?
5 years, 3 months ago

RBI policy review: Will central bank opt for another rate cut today?

India Today  

The Reserve Bank of India Monetary Policy Committee is expected to cut key lending rates for the fifth time this year in an effort to tackle economic slowdown. While another rate cut could affect fiscal balance, the government and central bank are burning the candle at both ends to revive the ailing economy. Having said that, here are a few …

Corporate still concerned about transmission of rates after RBI repo rate cut
5 years, 3 months ago

Corporate still concerned about transmission of rates after RBI repo rate cut

India Today  

The Reserve Bank of India has cut the repo rate by 25 basis points, in line with market expectations, taking the total rate reduction to 135 basis points since February this year. "It's not about repo rate cut but the transmission and high spread the lenders are still charging with the exception of few," says Sanjay Dutt, MD & CEO, …

SBI to adopt repo rate as external benchmark for all floating rate loans from Oct 1
5 years, 3 months ago

SBI to adopt repo rate as external benchmark for all floating rate loans from Oct 1

India TV News  

State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from October 1, 2019. On September 4, the Reserve Bank of India had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small …

RBI mandate to link retail, MSME loans with external benchmark rates is credit negative for banks: Moody's
5 years, 4 months ago

RBI mandate to link retail, MSME loans with external benchmark rates is credit negative for banks: Moody's

Firstpost  

The RBI has so far this year cut interest rate by 110 basis points but lenders have transmitted only a part of it to borrowers in the form of a lower cost of taking loans. New Delhi: The Reserve Bank of India mandating banks to link certain loans to the external benchmark-based interest rate from 1 October is credit negative …

RBI external benchmark for bank loans credit negative: Moody's
5 years, 4 months ago

RBI external benchmark for bank loans credit negative: Moody's

The Quint  

Mumbai, Sep 10 Moody's Investor Service on Tuesday said the RBI's mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks. This will expose banks to asymmetrical movements in the cost of funding and loan yields, thus exposing them to interest rate risks," the US rating agency said in …

RBI makes it mandatory for banks to link retail loans for housing, MSMEs with external benchmarks from 1 October
5 years, 4 months ago

RBI makes it mandatory for banks to link retail loans for housing, MSMEs with external benchmarks from 1 October

Firstpost  

In 2019, the RBI has already reduced the repo or short-term lending rate by 110 basis points, but the banks have reportedly passed on only up to 40 bps to borrowers. In order to allow faster transmission of policy rate cuts to borrowers, the Reserve Bank has said that the lenders must link all new floating-rate loans for housing, auto …

Hours after RBI call, Axis Bank says linking loans to repo is not the only way for faster transmission
5 years, 4 months ago

Hours after RBI call, Axis Bank says linking loans to repo is not the only way for faster transmission

Live Mint  

Even as RBI governor Shaktikanta Das pitched for a system-wide adoption of repo-linked pricing of loans and deposits, private sector lender Axis Bank on Monday said it is not the only measure for better transmission of central bank's policy moves. The third-largest private sector lender's executive director for corporate lending Rajiv Anand blamed liquidity issues prevented banks cutting the lending …

RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process
5 years, 4 months ago

RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process

Firstpost  

Mumbai: After over a dozen public sector banks, including State Bank, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank governor Shaktikanta Das Monday stressed on the need for the entire system switching to this model, saying such a moved can speed up the monetary transmission process. While SBI was to first one to link …

RBI may cut interest rates by 40 basis points before this fiscal-end; monetary easing insufficient to boost economic growth: Fitch
5 years, 4 months ago

RBI may cut interest rates by 40 basis points before this fiscal-end; monetary easing insufficient to boost economic growth: Fitch

Firstpost  

RBI has cut interest rates four times this year but the transmission of the same by banks to borrowers has lagged. New Delhi: The Reserve Bank of India is expected to cut interest rates by 40 basis points before the end of the current financial year as monetary easing till now appears to be insufficient in boosting economic growth, Fitch …

Why the RBI's repo rate cuts have not (yet) led to cheaper loans
5 years, 5 months ago

Why the RBI's repo rate cuts have not (yet) led to cheaper loans

India Today  

Following a meeting of its Monetary Policy Committee on August 7, the Reserve Bank of India once again cut its repo rate-the rate at which it lends to commercial banks-by an unexpected 35 basis points, rather than the customary 25 basis points. Following the latest rate cut, the cumulative back-to-back reduction in the repo rate this year has been to …

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