RBI Surprised Markets with a More than Expected Tougher Tone
The RBI’s tougher or hawkish tone discouraged currency traders from betting against the rupee. The Indian currency is currently at its lowest value ever due...
Tag : Lowers
SBI lowers base rate by 30 basis points
State Bank of India (SBI) has lowered its base rate by 30 basis points to 8.65%, while it has not made any changes to its...
Government lowers small savings schemes interest rates by 20 bps
The government has lowered interest rates on small saving schemes, including NSC and PPF by 0.2% point for the Jan-March period from the rates applicable...
Moody’s lowers OIL’s baseline credit rating
Moody’s Investors Service has lowered Oil India Limited’s (OIL’s) baseline credit assessment (BCA) to baa3 from baa2. This move is on the back of acquisition...
Corporation Bank lowers overnight MCLR by 0.1%
Corporation Bank has lowered its marginal cost of funds based lending rate (MCLR) by 0.1% point, for overnight loan maturities. MCLR is calculated on the...
SBI lowers lending rate by 0.05%
State Bank of India (SBI), has lowered benchmark lending rate by 0.05% across maturities. The marginal cost of funds based lending rates (MCLR) has seen...
SBI lowers 1 year FD rates to 6.50%
SBI,ahead of RBI policy,revises its one year fixed deposit rates up to Rs 1 crore to 6.50%,down by 25 basic points(bps). SBI on its website...
LIC lowers stake in Raymond by 2.01%
The Life Insurance Corporation (LIC) has lowered its stake in textile and apparel major Raymond by 2.01 percent by selling 12.37 lakh shares in the...
Bank of India lowers interest rate to 3.5% for deposits up to Rs 50 lakh
The Bank of India has cut down its interest rate on saving bank accounts by 50 basis points to 3.5 percent on deposits of up...
HDFC Bank lowers rates on certain savings accounts
On Thursday, HDFC Bank Ltd has lowered interest rates on most of its savings accounts to 3.5 percent from 4 percent. It has said in...