Amid global uncertainty thanks to unpredictable US tariffs, the Reserve Bank of India’s Monetary Policy Committee (MPC) unanimously effected a rate cut and shift in stance. This gives the Indian ...

So far in CY2025, the RBI has cut the policy rate by 50 bps. Also, the stance of the monetary policy has been changed to accommodative from neutral. This is likely to impact bank depositors.

Inflation numbers positively surprised analysts in March with the headline CPI print coming in at 3.3%. A Bloomberg poll of economists projected this number at 3.5%.

Several banks have also pared term deposit rates in recent weeks. SBI, HDFC Bank, Punjab National Bank, Canara Bank, Bank of ...

During an accommodative policy period, the central bank is willing to cut interest rates or maintain the status quo, if ...

The RBI's Monetary Policy Committee (MPC) on April 9 announced a 25-basis-point (bps) cut in the repo rate, reducing it from ...

Public sector Indian Overseas Bank has reduced the repo linked lending rate of the bank by 25 basis points with immediate ...

At around 9:45 am, IndusInd Bank was up nearly 4 per cent, followed by HDFC Bank which was up by 3.5 per cent. Similarly, other private banking lenders led the upmove including Axis Bank (up 2.67 per ...

Balances below Rs 50 lakh will attract a savings account rate of 2.75% annually and those from Rs 50 lakh to below Rs 2,000 crore will attract a rate of interest of 3.25% annually.

The Reserve Bank of India (RBI) announced the plan of new rules for gold loans, after which there has been a stir in major ...