Tag Archives: lending rate

The move by RBI to cut the repo rate by 50 basis points has gripped the market and responding to it Andhra Bank has reduced its base rate by 0.25 per cent effective today, while the largest lender SBI has made it effective from October 5. The Reserve Bank of India earlier slashed the benchmark repurchase (repo) rate from 7.25 ...

Hyderabad-based SKS Microfinance has decided to cut its interest rate by 1.25 percent to make it 20.75 percent with effect from October 1, 2005. The current rate of interest charged by SKS is at 22 percent and far less than many other microfinance lenders in India which provide loans at 25% on an average. “With the third interest rate cut ...

Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring during the bulk of the day. Getting some positive cues from the national budget tabled last week, and sensing an sustained ...

Citing the reason that the inflation rate is coming down below eight percent as targeted this month and expecting it to reach below six percent by January 2016, the Reserve Bank of India (RBI) has relented on its stance and reduced the repo rate by 25 basis points, much to cheer the India Inc which was lobbying for the move ...