India's external sector faces unprecedented pressure. Shock absorbers that previously aided recovery have weakened simultaneously. This inc...

India faces a rare convergence of four macro shocks—war-driven oil surge, a record weak rupee, and a likely poor monsoon—raising inflation ...

State Bank of India has decided to keep its key lending rates unchanged for May 2025, following a 0.25% rate cut in April 2025. This decisi...

RBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending ...

“Transmission during the MCLR regime was far from satisfactory,” said RBI’s research paper, necessitating the introduction of external benc...

Data indicates that weighted average lending rates on fresh loans was up bps for 37 bps for public sector banks to 7.14 percent and only 26...

The weighted average lending rates (WALRs) on fresh as well as outstanding rupee loans have declined across sectors. Banks have extended th...

The cumulative reduction of policy repo rate by 250 basis points (bps- one bps is 0.01 per cent) between February 2019 to June 2021 has res...

The latest rate cut is likely to cause more heart ache for FD investors, especially senior citizens who are dependent on interest income. P...

The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). Th...

The year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from Octobe...

The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%

This cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to four external benchmarks specified by RB...

Also, studying possibility of linking NBFC lending rates to such benchmarks.

Loans linked to external benchmarks are going to be the norm from October 1.

This is the first time in FY2018-19 that the RBI has cut key policy rates. Earlier, apex bank has hiked the rates twice in June and August ...

The RBI in its statement has proposed that from April 1, 2019, banks will be using external benchmarks instead of the present system of int...