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Interest rate to be based on marginal cost of funds from Apr 1

RBIMumbai : To ensure better transmission of its rate cuts to borrowers, RBI today said all banks will have to follow a new and uniform methodology from April next year [...]

December 17th, 2015 | Posted in Business,Highlights,Topnews | Read More »

Jaitley hopes for sustained low rates, inflation under control

interest rates     Mumbai : Expecting inflation to remain under control, Finance Minister Arun Jaitley today said he is hopeful that the downward move in interest rates will stay. Speaking at [...]

October 31st, 2015 | Posted in Business,Highlights | Read More »

Gold nears 5-year low in longest weekly losing run in a decade

gold JewelleryLondon (Bloomberg) - Gold today dropped to near a five-year low and headed for the longest run of weekly losses in more than a decade on speculation an improving US [...]

July 31st, 2015 | Posted in Business | Read More »

Banks may further reduce interest rates by end of week

HDFC BankMumbai: Hinting at another round of interest rate cuts, private sector lender HDFC Bank’s Managing Director Aditya Puri today said most banks will cut their lending rates by the end [...]

June 10th, 2015 | Posted in Business | Read More »

RBI surprises with rate cut; BSE jumps by over 650 points

RBIMumbai: Shedding his hawkish stance, Reserve Bank Governor Raghuram Rajan today sprang a surprise by cutting interest rates by 25 basis point a move that is likely to result in [...]

January 15th, 2015 | Posted in Business,Topnews | Read More »